The offshore yuan edged higher to around 6.78 per dollar on Friday, extending modest gains from the previous session and on track to snap a two-week losing streak, supported by a weaker US dollar while investors assessed this week's PMI data releases. The greenback came under pressure after softer-than-expected US employment data reduced expectations for further Federal Reserve rate hikes. On the domestic front, a private survey showed the Services PMI eased to 54.1 in June from 54.4 in May but remained above expectations of 53. Official data showed the non-manufacturing PMI edged up to 50.2 from 50.1, defying forecasts for a slight contraction of 49.9. Meanwhile, the private Manufacturing PMI fell to 51.7 from 51.8, while the official gauge rose to 50.3 from 50.0, with both remaining in expansion territory. Overall, the data suggest China's economy ended the second quarter on a solid footing, supporting optimism as trade disruptions linked to the Iran conflict continue to ease.

The USD/CNY exchange rate fell to 6.7845 on July 3, 2026, down 0.06% from the previous session. Over the past month, the Chinese Yuan has weakened 0.11%, but it's up by 5.29% 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 July 3 of 2026.

The USD/CNY exchange rate fell to 6.7845 on July 3, 2026, down 0.06% from the previous session. Over the past month, the Chinese Yuan has weakened 0.11%, but it's up by 5.29% over the last 12 months. The Chinese Yuan is expected to trade at 6.78 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.75 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.7837 -0.0051 -0.07% -5.30% Jul/03
EURCNY 7.7685 0.0077 0.10% -7.88% Jul/03
GBPCNY 9.0638 0.0033 0.04% -7.12% Jul/03
AUDCNY 4.7086 0.0102 0.22% 0.45% Jul/03
NZDCNY 3.8785 0.0102 0.26% -10.98% Jul/03
CNYJPY 23.7430 0.0118 0.05% 17.77% Jul/03
CNYARS 219.4356 0.1066 0.05% 26.59% Jul/03
CNYBRL 0.7673 -0.0019 -0.24% 1.67% Jul/03
CNYCAD 0.2090 0.0001 0.06% 10.18% Jul/03
CNYCHF 0.1184 -0.000001 -0.001% 6.67% Jul/03
CNYDKK 0.9626 -0.0005 -0.05% 8.88% Jul/03
CNYHKD 1.1557 0.0005 0.04% 5.49% Jul/03
CNYINR 14.0416 -0.0227 -0.16% 17.34% Jul/03
CNYKRW 225.7167 -1.1424 -0.50% 18.66% Jul/03
CNYMXN 2.5700 -0.0025 -0.10% -1.16% Jul/03
CNYRUB 11.3973 -0.0185 -0.16% 3.67% Jul/03
CNYSGD 0.1902 -0.00004 -0.02% 6.93% Jul/03
CNYZAR 2.3902 -0.0029 -0.12% -2.56% Jul/03
 Currencies
 CNY...
 ...CNY



Related Last Previous Unit Reference
China Inflation Rate 1.20 1.20 percent May 2026
United States Inflation Rate 4.20 3.80 percent May 2026
China Loan Prime Rate 3.00 3.00 percent Jun 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jun 2026
United States Unemployment Rate 4.20 4.30 percent Jun 2026
China Unemployment Rate 5.10 5.20 percent May 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 6.79 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Breaks 2-Week Decline
The offshore yuan edged higher to around 6.78 per dollar on Friday, extending modest gains from the previous session and on track to snap a two-week losing streak, supported by a weaker US dollar while investors assessed this week's PMI data releases. The greenback came under pressure after softer-than-expected US employment data reduced expectations for further Federal Reserve rate hikes. On the domestic front, a private survey showed the Services PMI eased to 54.1 in June from 54.4 in May but remained above expectations of 53. Official data showed the non-manufacturing PMI edged up to 50.2 from 50.1, defying forecasts for a slight contraction of 49.9. Meanwhile, the private Manufacturing PMI fell to 51.7 from 51.8, while the official gauge rose to 50.3 from 50.0, with both remaining in expansion territory. Overall, the data suggest China's economy ended the second quarter on a solid footing, supporting optimism as trade disruptions linked to the Iran conflict continue to ease.
2026-07-01
Offshore Yuan Heads for Monthly Loss
The offshore yuan weakened to around 6.79 per dollar in June, reversing two consecutive months of gains as a stronger US dollar and a series of softer-than-expected daily fixings from the People's Bank of China weighed on the currency. The dollar strengthened as investors priced in higher-for-longer US interest rates, while ongoing uncertainty in the Middle East boosted demand for the currency's safe-haven appeal. Additional pressure came from the PBoC's persistent setting of weaker-than-anticipated reference rates, reinforcing expectations that authorities are comfortable with a gradual depreciation of the yuan. On the economic front, manufacturing PMI edged up to 50.3 from 50.0, exceeding market expectations of 50.1, supported by resilient demand for high-tech exports that helped offset trade disruptions linked to tensions in the Middle East. Meanwhile, the non-manufacturing PMI edged up to 50.2 from 50.1, beating forecasts of 49.9 and signaling continued stabilization in the sector.
2026-06-30
Offshore Yuan Edges Higher
The offshore yuan edged higher to around 6.79 per dollar on Monday, trimming losses from the previous week as the People's Bank of China unveiled a new policy initiative. The central bank introduced overnight reverse repo operations, injecting CNY 300 billion into the financial system to provide greater flexibility in short-term liquidity management and help smooth funding conditions in the interbank market. Separately, the PBoC injected an additional CNY 157.5 billion through seven-day reverse repos while leaving the borrowing cost unchanged at a record-low 1.4%, the benchmark rate that serves as China's main policy tool. However, the yuan's gains remained capped as the central bank continued to guide the currency lower through its daily fixing. The PBoC set the midpoint rate at 6.8175 per dollar, 134 pips weaker than the Reuters estimate. The focus now shifts to PMI data due later this week, which could provide fresh insight into the country's economic health.
2026-06-26