The offshore yuan held its gains around 6.74 per dollar on Friday, remaining at its strongest level since February 2023, as investors raised expectations for additional policy support following PMI data releases. Official figures showed China’s manufacturing PMI fell to 49.2 in July 2026 from 50.3 in June, marking its first contraction since February, while the non-manufacturing PMI slipped to 49.0 from 50.2, signaling a renewed downturn after two months of modest expansion. The weak readings followed data showing Q2 GDP growth missed expectations and fell below the government’s 4.5%-5% target range. At the Politburo meeting, authorities vowed timely policy measures and to accelerate public spending and government bond fund usage. However, policymakers are expected to adopt a cautious approach to unveiling additional stimulus measures amid double-digit export growth.

The USD/CNY exchange rate fell to 6.7492 on August 2, 2026, down 0.04% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.53%, and is up by 6.01% 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 August 2 of 2026.

The USD/CNY exchange rate fell to 6.7492 on August 2, 2026, down 0.04% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.53%, and is up by 6.01% over the last 12 months. The Chinese Yuan is expected to trade at 6.74 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.70 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.7492 0.0043 0.06% -6.01% Aug/02
EURCNY 7.7814 0.0020 0.03% -6.63% Jul/31
GBPCNY 9.1033 0.0163 0.18% -4.66% Jul/31
AUDCNY 4.7352 -0.0066 -0.14% 1.85% Jul/31
NZDCNY 3.9651 -0.0035 -0.09% -6.71% Jul/31
CNYJPY 23.3147 -0.3255 -1.38% 13.86% Jul/31
CNYARS 220.0400 -0.6153 -0.28% 16.05% Jul/31
CNYBRL 0.7507 -0.0016 -0.21% -3.36% Jul/31
CNYCAD 0.2076 -0.0001 -0.05% 8.28% Jul/31
CNYCHF 0.1194 0.0002 0.13% 6.88% Jul/31
CNYDKK 0.9605 -0.0004 -0.05% 7.27% Jul/31
CNYHKD 1.1614 -0.0008 -0.07% 6.42% Jul/31
CNYINR 14.1480 -0.0052 -0.04% 16.74% Jul/31
CNYKRW 213.7127 2.7357 1.30% 10.66% Jul/31
CNYMXN 2.5668 -0.0032 -0.13% -2.08% Jul/31
CNYRUB 11.8389 -0.0175 -0.15% 6.44% Jul/31
CNYSGD 0.1897 -0.0002 -0.11% 5.94% Jul/31
CNYZAR 2.4549 0.0115 0.47% -2.18% Jul/31
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 3.50 4.20 percent Jun 2026
China Inflation Rate 1.00 1.20 percent Jun 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jul 2026
China Loan Prime Rate 3.00 3.00 percent Jul 2026
United States Unemployment Rate 4.20 4.30 percent Jun 2026
China Unemployment Rate 5.00 5.10 percent Jun 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
6.75 6.75 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Holds at Strongest Level Since 2023
The offshore yuan held its gains around 6.74 per dollar on Friday, remaining at its strongest level since February 2023, as investors raised expectations for additional policy support following PMI data releases. Official figures showed China’s manufacturing PMI fell to 49.2 in July 2026 from 50.3 in June, marking its first contraction since February, while the non-manufacturing PMI slipped to 49.0 from 50.2, signaling a renewed downturn after two months of modest expansion. The weak readings followed data showing Q2 GDP growth missed expectations and fell below the government’s 4.5%-5% target range. At the Politburo meeting, authorities vowed timely policy measures and to accelerate public spending and government bond fund usage. However, policymakers are expected to adopt a cautious approach to unveiling additional stimulus measures amid double-digit export growth.
2026-07-31
Chinese Yuan Hits 3-1/2-year High
The Chinese Yuan touched 6.75 against the USD, the highest since February 2023. Over the past 4 weeks, US Dollar Chinese Yuan lost 0.59%, and in the last 12 months, it decreased 6.32%.
2026-07-30
Chinese Yuan Hits 6-week High
The Chinese Yuan touched 6.76 against the USD, the highest since June 2026. Over the past 4 weeks, US Dollar Chinese Yuan lost 0.52%, and in the last 12 months, it decreased 6.25%.
2026-07-30