The Chinese Yuan traded flat at 6.82413 against the US Dollar on Friday after the onshore rate was set at 6.8121. Investors were mixed as concerns lingered that a global recovery will falter amid the lack of a fresh stimulus package in the US and a spike in coronavirus cases in Europe. The White House is still in a deadlock with Congress over a new fiscal stimulus package as House Democrats reportedly prepare a fresh coronavirus relief package expected to cost about $2.4 trillion in a bid to restart stimulus negotiations with the White House.

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 September of 2020.

The Chinese Yuan is expected to trade at 6.85 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.93 in 12 months time.

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Chinese Yuan

Majors Price Day Year
EURUSD 1.1632 -0.0042 -0.36% 6.30%
GBPUSD 1.2743 -0.0011 -0.09% 3.66%
AUDUSD 0.7027 -0.0030 -0.42% 3.93%
NZDUSD 0.6546 -0.0006 -0.09% 4.55%
USDJPY 105.5660 0.1280 0.12% -2.18%
USDCNY 6.8228 0.0085 0.13% -4.43%
USDCHF 0.9289 0.0023 0.24% -6.91%
USDCAD 1.3385 0.0038 0.29% 1.10%
USDMXN 22.3405 0.2221 1.00% 13.25%
USDINR 73.6700 -0.2300 -0.31% 4.29%
USDBRL 5.5624 0.0535 0.97% 33.87%
USDRUB 78.1379 1.0021 1.30% 20.56%
DXY 94.6420 0.2880 0.31% -4.47%
USDKRW 1,171.8480 4.3270 0.37% -2.19%
USDZAR 17.1186 0.2073 1.23% 13.12%
USDSGD 1.3776 0.0029 0.21% -0.31%
USDHKD 7.7501 -0.0001 -0.001% -1.13%
Crosses Price Day Year
USDCNY 6.8228 0.0085 0.13% -4.43%
EURCNY 7.9347 -0.0206 -0.26% 1.88%
AUDCNY 4.7927 -0.0151 -0.31% -0.61%
CNYCAD 0.1963 0.0004 0.19% 5.87%
CNYCHF 0.1362 0.0002 0.16% -2.45%
CNYJPY 15.4725 -0.0006 -0.004% 2.22%
GBPCNY 8.6865 -0.0048 -0.05% -1.06%
NZDCNY 4.4662 0.0016 0.03% -0.08%
CNYHKD 1.1359 -0.0014 -0.13% 3.46%
CNYSGD 0.2019 0.0002 0.08% 4.32%
CNYINR 10.7976 -0.0473 -0.44% 9.13%
CNYKRW 171.7545 0.4202 0.25% 2.35%
CNYMXN 3.2744 0.0285 0.88% 18.50%
CNYRUB 11.4524 0.1327 1.17% 26.15%
CNYARS 11.0932 -0.0261 -0.23% 37.52%
CNYBRL 0.8153 0.0068 0.85% 40.08%
CNYDKK 0.9379 0.0023 0.25% -2.23%
CNYZAR 2.5090 0.0273 1.10% 18.37%



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. .