The Chinese Yuan was little changed at 6.52341 against the US Dollar on Friday, holding at 3-week highs after the onshore rate was set at 6.5288. Investors digested record growth in China’s gross domestic product in the first quarter, on the back of strong domestic and foreign demand, resilient exports, and continued fiscal and monetary support. On the pandemic front, Hong Kong authorities said on Thursday that the city’s vaccine scheme would be widened to include those aged between 16 to 29 years old for the first time. In other local data, average new home prices in China's 70 major cities rose by 4.6% year-on-year in March, the steepest pace of growth in new home prices since September last year, while retail trade soared by 34.2% over the same period, the eighth straight month of increase in retail trade and the fastest pace since January 1995. Meantime, industrial production increased 14.1% year-on-year in March 2021, easing from a 35.1% jump in January-February combined.

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 April of 2021.

The Chinese Yuan is expected to trade at 6.55 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.63 in 12 months time.

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Chinese Yuan

Majors Price Day Year
EURUSD 1.1982 0.0013 0.11% 10.24%
GBPUSD 1.3839 0.0054 0.39% 10.98%
AUDUSD 0.7734 -0.0017 -0.22% 21.60%
NZDUSD 0.7143 -0.0033 -0.46% 18.61%
USDJPY 108.7890 0.1060 0.10% 1.17%
USDCNY 6.5272 0.0005 0.01% -7.77%
USDCHF 0.9198 -0.0022 -0.24% -4.76%
USDCAD 1.2507 -0.0039 -0.31% -10.71%
USDMXN 19.8927 -0.0579 -0.29% -16.16%
USDINR 74.5300 -0.1900 -0.25% -2.63%
USDBRL 5.5868 -0.0294 -0.52% 6.69%
USDRUB 75.8025 -0.5055 -0.66% 2.52%
DXY 91.5383 -0.1517 -0.17% -8.26%
USDKRW 1,112.4010 -0.2600 -0.02% -8.50%
USDZAR 14.2976 0.1420 1.00% -23.68%
USDSGD 1.3343 -0.0003 -0.02% -6.16%
USDHKD 7.7716 0.0043 0.05% 0.27%
Crosses Price Day Year
USDCNY 6.5272 0.0005 0.01% -7.77%
EURCNY 7.8211 0.0089 0.11% 1.67%
GBPCNY 9.0308 0.0346 0.38% 2.19%
AUDCNY 5.0469 -0.0117 -0.23% 12.15%
NZDCNY 4.6630 -0.0207 -0.44% 14.32%
CNYCAD 0.1917 -0.0006 -0.30% -5.90%
CNYCHF 0.1410 -0.0003 -0.23% 2.03%
CNYHKD 1.1906 0.0006 0.05% 9.11%
CNYMXN 3.0493 -0.0074 -0.24% -14.45%
CNYSGD 0.2044 -0.0001 -0.03% -0.30%



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. .