The offshore yuan rose toward 6.34 per dollar on Friday and was set for its second straight weekly gain, even after Beijing stepped up its policy easing efforts to shore up growth. The People’s Bank of China slashed the 1-year LPR by 10 bps to 3.7% and the mortgage benchmark by 5 bps to 4.6% on Thursday, following a surprise cut to the 1-year MLF on Monday. China’s policy moves contrasted with other major economies which are on track to normalize monetary settings this year, prompting Chinese president Xi Jinping to caution against a rapid rise in global interest rates in the Davos Agenda virtual event earlier this week. Analysts expect the PBOC to bring forward its easing measures in the first half of the year, with more rate cuts and a reduction in the bank’s reserve requirement ratio in the first quarter. The currency has been supported by strong seasonal corporate demand and a record trade surplus as Chinese exports remained robust in December.

Historically, the Chinese Yuan reached an all time high of 8.73 in January of 1994. Chinese Yuan - data, forecasts, historical chart - was last updated on January of 2022.

The Chinese Yuan is expected to trade at 6.36 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.41 in 12 months time.

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Chinese Yuan


Majors Price Day Year
EURUSD 1.1331 -0.0013 -0.11% -6.89%
GBPUSD 1.3557 0.0003 0.03% -0.86%
AUDUSD 0.7182 0.0009 0.12% -6.88%
BTCUSD 35,262.6600 373.1014 1.07% 9.21%
NZDUSD 0.6720 0.0014 0.21% -6.64%
USDJPY 113.8830 0.2010 0.18% 9.73%
USDCNY 6.3348 -0.0060 -0.10% -2.50%
USDCHF 0.9137 0.0027 0.30% 2.89%
USDCAD 1.2556 -0.0024 -0.19% -1.43%
USDMXN 20.4443 -0.0177 -0.09% 1.69%
USDINR 74.4625 0.0798 0.11% 2.06%
USDBRL 5.4516 0 0% -0.27%
USDRUB 77.0601 -0.3255 -0.42% 2.54%
DXY 95.7129 0.2029 0.21% 6.19%
USDKRW 1,189.6060 0.8100 0.07% 7.90%
USDSEK 9.2016 0.0106 0.11% 11.09%
USDPLN 3.9957 0.0047 0.12% 6.87%
USDNOK 8.8912 -0.0049 -0.06% 4.22%
USDZAR 15.0798 -0.0143 -0.09% -0.20%
USDDKK 6.5690 0.0076 0.12% 7.22%
USDSGD 1.3444 -0.0001 -0.01% 1.30%
USDILS 3.1448 -0.0022 -0.07% -3.81%
USDHKD 7.7866 0.0015 0.02% 0.45%
USDCLP 798.1300 0 0% 8.92%
USDPKR 175.9500 -0.0500 -0.03% 9.73%
USDCZK 21.5235 0.1263 0.59% 0.44%
USDHUF 316.0700 0.6200 0.20% 7.32%
USDTRY 13.4137 0.0491 0.37% 81.01%
Crosses Price Day Year
USDCNY 6.3348 -0.0060 -0.10% -2.50%
EURCNY 7.1781 -0.0274 -0.38% -8.76%
GBPCNY 8.5882 -0.0562 -0.65% -3.25%
AUDCNY 4.5501 -0.0350 -0.76% -9.33%
NZDCNY 4.2566 -0.0427 -0.99% -8.12%
CNYJPY 17.9772 0.0425 0.24% 12.21%
CNYARS 16.4217 0.0283 0.17% 22.90%
CNYBRL 0.8608 0.0068 0.80% 5.11%
CNYCAD 0.1985 0.0019 0.98% 1.00%
CNYCHF 0.1439 -0.0007 -0.47% 4.29%
CNYDKK 1.0349 -0.0019 -0.19% 8.72%
CNYHKD 1.2282 0.0011 0.09% 10.26%
CNYINR 11.7291 -0.0023 -0.02% 4.51%
CNYKRW 187.5237 0.2307 0.12% 11.82%
CNYMXN 3.2277 -0.0024 -0.07% 5.12%
CNYRUB 12.2259 0.1398 1.16% 4.58%
CNYSGD 0.2122 0.0001 0.03% 7.54%
CNYZAR 2.3805 -0.0150 -0.63% 0.44%


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
6.33 6.34 8.73 1.53 1981 - 2022 Daily