The offshore yuan weakened to 6.76 per dollar on Wednesday, retreating from a more than three-year high reached in the previous session, as investors weighed mixed PMI data that highlighted the fragility of China's economic recovery. A private survey showed China's Composite PMI rose to a three-month high of 54 in May, with the services PMI also reaching a three-month peak of 54.4. However, manufacturing activity lost momentum, with the PMI falling to 51.8 from April's five-year high of 52.2. Earlier this week, official data painted a more subdued picture, showing the Composite PMI inching up to 50.5 from 50.1, supported by a modest pickup in non-manufacturing activity (50.1 vs 49.4), while the manufacturing PMI slipped to the expansion-contraction threshold of 50 from 50.3. Moreover, risk sentiment remained restrained amid renewed tensions in the Middle East after Iran launched ballistic missiles toward neighboring countries, prompting retaliatory US strikes on Qeshm Island.

The USD/CNY exchange rate rose to 6.7768 on June 3, 2026, up 0.22% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.78%, and is up by 5.51% over the last 12 months. Historically, the USDCNY reached an all time high of 8.73 in January of 1994. Chinese Yuan - data, forecasts, historical chart - was last updated on June 3 of 2026.

The USD/CNY exchange rate rose to 6.7768 on June 3, 2026, up 0.22% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.78%, and is up by 5.51% over the last 12 months. The Chinese Yuan is expected to trade at 6.76 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.71 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.7769 0.0148 0.22% -5.51% Jun/03
EURCNY 7.8669 0.0014 0.02% -3.91% Jun/03
GBPCNY 9.1045 -0.0015 -0.02% -6.33% Jun/03
AUDCNY 4.8403 -0.0151 -0.31% 3.98% Jun/03
NZDCNY 3.9801 -0.0257 -0.64% -7.83% Jun/03
CNYJPY 23.6050 -0.0421 -0.18% 18.57% Jun/03
CNYARS 211.1760 0.1824 0.09% 27.83% Jun/03
CNYBRL 0.7436 0.0009 0.13% -5.15% Jun/03
CNYCAD 0.2049 0.0002 0.11% 7.42% Jun/03
CNYCHF 0.1167 0.0002 0.20% 2.17% Jun/03
CNYDKK 0.9501 -0.0001 -0.01% 4.30% Jun/03
CNYHKD 1.1564 -0.0026 -0.23% 5.69% Jun/03
CNYINR 14.1288 0.0267 0.19% 17.94% Jun/03
CNYKRW 225.3404 0.9840 0.44% 18.65% Jun/03
CNYMXN 2.5553 -0.0020 -0.08% -4.53% Jun/03
CNYRUB 10.8747 0.0776 0.72% -1.59% Jun/03
CNYSGD 0.1893 0.0001 0.05% 5.54% Jun/03
CNYZAR 2.4034 0.0035 0.15% -3.35% Jun/03
 Currencies
 CNY...
 ...CNY



Related Last Previous Unit Reference
United States Inflation Rate 3.80 3.30 percent Apr 2026
China Inflation Rate 1.20 1.00 percent Apr 2026
China Loan Prime Rate 3.00 3.00 percent May 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Apr 2026
China Unemployment Rate 5.20 5.40 percent Apr 2026
United States Unemployment Rate 4.30 4.30 percent Apr 2026

Chinese Yuan
The USDCNY exchange rate is a reference rate not used in actual currency trading. When investors or entities want to exchange dollars for the Chinese currency, they do so using the USDCNH exchange rate set in Hong Kong. The People's Bank of China sets the yuan's mid-point rate and the onshore yuan (USDCNY) is allowed to trade 2% higher or lower than the PBoC’s central reference rate. The offshore yuan (USDCNH) which trades outside the mainland is not controlled. The USDCNY and the USDCNH are not very different and usually trade less than a few cents apart. China's Foreign Exchange Trade System published a new yuan index, on December 11th, 2015 including 13 currencies and extended it on January 1st 2017 to 24. The CFETS RMB Index measures the value of yuan against a basket of 24 major currencies, with weights based on international trade and has an end-2014 base year. The USD accounts for the largest share (22.4 percent), followed by the euro (accounting for 16.3 percent) and the yen (11.5 percent). The index also includes the currencies of Hong Kong, UK, Australia, New Zealand, Singapore, Switzerland, Canada, Malaysia, Russia, Thailand, South Africa, South Korea, UAE, Saudi Arabia, Hungary, Poland, Denmark, Sweden, Norway, Turkey and Mexico. .
Actual Previous Highest Lowest Dates Unit Frequency
6.78 6.76 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Retreats on Mixed PMI Data
The offshore yuan weakened to 6.76 per dollar on Wednesday, retreating from a more than three-year high reached in the previous session, as investors weighed mixed PMI data that highlighted the fragility of China's economic recovery. A private survey showed China's Composite PMI rose to a three-month high of 54 in May, with the services PMI also reaching a three-month peak of 54.4. However, manufacturing activity lost momentum, with the PMI falling to 51.8 from April's five-year high of 52.2. Earlier this week, official data painted a more subdued picture, showing the Composite PMI inching up to 50.5 from 50.1, supported by a modest pickup in non-manufacturing activity (50.1 vs 49.4), while the manufacturing PMI slipped to the expansion-contraction threshold of 50 from 50.3. Moreover, risk sentiment remained restrained amid renewed tensions in the Middle East after Iran launched ballistic missiles toward neighboring countries, prompting retaliatory US strikes on Qeshm Island.
2026-06-03
Offshore Yuan Remains at Multi-Year High
The offshore yuan strengthened to around 6.76 per dollar on Tuesday, remaining at its strongest level since February 2023, as investors increasingly viewed Chinese assets as a relative safe haven amid heightened tensions involving Iran. Geopolitical uncertainty persisted after the latest developments indicated that Iran had suspended indirect talks with Washington over Israel's military operations in Lebanon, even as US President Trump asserted that negotiations remained ongoing. China's diversified energy supply base and comparatively limited direct exposure to the Middle East have reinforced the attractiveness of its financial markets during the conflict, underpinning the yuan's resilience. However, further upside in the yuan may be capped by Beijing's preference for exchange-rate stability, as reflected in the People's Bank of China's continued weaker-than-expected daily fixings, as well as potential dollar-buying interventions by major state-owned banks.
2026-06-02
Offshore Yuan Retreats from Over 3-Year High
The offshore yuan edged lower to around 6.76 per dollar on Monday, retreating from a more than three-year high reached in the previous session, as investors weighed mixed PMI data amid concerns about the economic impact of the ongoing Middle East conflict. Official data showed China's Composite PMI rose to 50.5 in May from 50.1 in April, supported by a slight rebound in the non-manufacturing sector (50.1 vs 49.4), while the manufacturing PMI (50.0 vs 50.3) edged lower. A private survey also showed that the manufacturing PMI slipped to 51.8 from April's five-year high of 52.2. Firms continued to closely watch developments in the Middle East as they faced subdued demand and higher input costs stemming from regional tensions. The prospects for a US-Iran ceasefire agreement remained uncertain, despite both sides having recently exchanged messages seeking amendments to a draft deal that would extend the ceasefire and reopen the Strait of Hormuz.
2026-06-01