The offshore yuan strengthened to around 6.89 per USD, hitting a fresh thirty-four-month high, as mainland markets entered the week-long Lunar New Year holiday, shifting price discovery to offshore trading. With onshore exchanges closed for the Spring Festival, liquidity conditions are thinner than usual, leaving price action more sensitive to flows and contributing to the yuan’s stronger move. The firmer tone also reflects expectations that strong holiday travel and consumption could lend support to near-term domestic activity, even as authorities continue to manage overall currency stability. With mainland trading paused, price swings may remain more pronounced until full market participation resumes later this week. On the geopolitical front, reports that the US has paused several tech-security measures targeting China ahead of a planned April meeting between Presidents Donald Trump and Xi Jinping have eased near-term tensions, though broader strategic frictions remain.

The USD/CNY exchange rate fell to 6.8845 on February 18, 2026, down 0.02% from the previous session. Over the past month, the Chinese Yuan has strengthened 1.04%, and is up by 5.49% 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 February 18 of 2026.

The USD/CNY exchange rate fell to 6.8845 on February 18, 2026, down 0.02% from the previous session. Over the past month, the Chinese Yuan has strengthened 1.04%, and is up by 5.49% over the last 12 months. The Chinese Yuan is expected to trade at 6.89 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.83 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.8847 -0.0011 -0.02% -5.49% Feb/18
EURCNY 8.1478 -0.0170 -0.21% 7.32% Feb/18
GBPCNY 9.3406 0.0002 0% 1.88% Feb/18
AUDCNY 4.8697 -0.0095 -0.19% 5.39% Feb/18
NZDCNY 4.1382 -0.0277 -0.67% -0.21% Feb/18
CNYJPY 22.3190 0.0507 0.23% 7.33% Feb/18
CNYARS 202.4394 0.0724 0.04% 39.31% Feb/18
CNYBRL 0.7582 -0.0004 -0.05% -3.07% Feb/18
CNYCAD 0.1983 0.0003 0.14% 1.46% Feb/18
CNYCHF 0.1121 0.0002 0.17% -9.77% Feb/18
CNYDKK 0.9167 0.0015 0.17% -6.68% Feb/18
CNYHKD 1.1353 0.0003 0.03% 6.34% Feb/18
CNYINR 13.1689 0.0067 0.05% 10.41% Feb/18
CNYKRW 209.8967 0.1041 0.05% 6.11% Feb/18
CNYMXN 2.4830 -0.0044 -0.18% -11.54% Feb/18
CNYRUB 11.0711 -0.0169 -0.15% -10.01% Feb/18
CNYSGD 0.1836 0.0001 0.05% -0.42% Feb/18
CNYZAR 2.3195 -0.0072 -0.31% -8.73% Feb/18
 Currencies
 CNY...
 ...CNY



Related Last Previous Unit Reference
United States Inflation Rate 2.40 2.70 percent Jan 2026
China Inflation Rate 0.20 0.80 percent Jan 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jan 2026
China Loan Prime Rate 3.00 3.00 percent Jan 2026
United States Unemployment Rate 4.30 4.40 percent Jan 2026
China Unemployment Rate 5.10 5.10 percent Dec 2025

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
6.88 6.89 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Hits Fresh 34-Month High
The offshore yuan strengthened to around 6.89 per USD, hitting a fresh thirty-four-month high, as mainland markets entered the week-long Lunar New Year holiday, shifting price discovery to offshore trading. With onshore exchanges closed for the Spring Festival, liquidity conditions are thinner than usual, leaving price action more sensitive to flows and contributing to the yuan’s stronger move. The firmer tone also reflects expectations that strong holiday travel and consumption could lend support to near-term domestic activity, even as authorities continue to manage overall currency stability. With mainland trading paused, price swings may remain more pronounced until full market participation resumes later this week. On the geopolitical front, reports that the US has paused several tech-security measures targeting China ahead of a planned April meeting between Presidents Donald Trump and Xi Jinping have eased near-term tensions, though broader strategic frictions remain.
2026-02-16
Offshore Yuan Slips, Still Poised for Weekly Gain
The offshore yuan slipped to around 6.90 per dollar on Friday, snapping a sixth straight day of gains and retreating from a 33-month high reached in the previous session, weighed down by a weaker-than-expected daily fixing. The People's Bank of China set the yuan’s midpoint rate at 6.9398 per dollar, 350 pips weaker than a Reuters estimate. The latest move signaled an effort to temper the currency’s recent appreciation, with policymakers remaining cautious about allowing the yuan to strengthen too quickly, as seasonal demand typically boosts the currency ahead of the Lunar New Year holiday. On the geopolitical front, the US has reportedly paused several major tech-security measures targeting China ahead of a planned April meeting between Presidents Donald Trump and Xi Jinping, easing some pressure on markets. Despite Friday’s pullback, the offshore yuan remains on course for a second straight weekly gain, marking its strongest weekly performance since May 2023.
2026-02-13
Offshore Yuan Extends Rally to Firmest Since 2023
The offshore yuan strengthened past 6.89 per dollar on Thursday, extending its rally to a sixth straight session and reaching its strongest level since May 2023, as China aimed to elevate the currency’s global standing. President Xi Jinping has reiterated his ambition for the yuan to become a global reserve currency, one widely used in international trade, investment and foreign exchange markets and held by central banks in sizeable amounts. The offshore yuan has climbed to a near three-year high against the dollar, with the dollar sliding 6% against the renminbi since the start of last year. Still, gains were tempered after China’s central bank reaffirmed its “moderately loose” monetary policy stance, prioritizing stable growth and a gradual recovery in prices. The policy stance came before the data showing that annual consumer inflation slowed to a three-month low of 0.2% in January 2026, while producer price deflation eased to 1.4%, the least in one and a half years.
2026-02-12