The offshore yuan weakened to around 6.77 per dollar on Wednesday, retreating from a one-month high reached in the previous session as escalating geopolitical tensions in the Middle East fueled safe-haven demand for the US dollar. The greenback remained firm after Washington carried out strikes on Iranian targets for an 11th consecutive day, while President Donald Trump downplayed expectations for negotiations with Tehran. Further pressuring the yuan, the People's Bank of China set the yuan's midpoint rate at 6.7933 per dollar, 196 pips weaker than Reuters' estimate, signaling official tolerance for a softer exchange rate. Investors are now looking ahead to the Politburo meeting expected later this month for clues on Beijing's economic policy direction in the second half of the year, with any signals of fresh stimulus or additional growth-support measures likely to shape the yuan's outlook.

The USD/CNY exchange rate rose to 6.7749 on July 22, 2026, up 0.09% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.29%, and is up by 5.26% 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 22 of 2026.

The USD/CNY exchange rate rose to 6.7749 on July 22, 2026, up 0.09% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.29%, and is up by 5.26% over the last 12 months. The Chinese Yuan is expected to trade at 6.77 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.72 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.7749 0.0061 0.09% -5.26% Jul/22
EURCNY 7.7314 0.0159 0.21% -8.17% Jul/22
GBPCNY 9.0620 0.0087 0.10% -6.68% Jul/22
AUDCNY 4.7405 0.0026 0.06% 0.43% Jul/22
NZDCNY 3.9398 -0.0031 -0.08% -8.89% Jul/22
CNYJPY 24.0800 -0.0265 -0.11% 17.66% Jul/22
CNYARS 218.7758 0.4650 0.21% 24.36% Jul/22
CNYBRL 0.7465 -0.0052 -0.70% -3.83% Jul/22
CNYCAD 0.2080 -0.0004 -0.21% 9.34% Jul/22
CNYCHF 0.1202 0.0002 0.16% 8.53% Jul/22
CNYDKK 0.9670 -0.0019 -0.20% 9.09% Jul/22
CNYHKD 1.1573 -0.0012 -0.11% 5.43% Jul/22
CNYINR 14.2674 0.0343 0.24% 18.11% Jul/22
CNYKRW 218.2002 -0.7022 -0.32% 13.49% Jul/22
CNYMXN 2.5692 -0.0030 -0.11% -0.89% Jul/22
CNYRUB 11.5977 0.0190 0.16% 5.78% Jul/22
CNYSGD 0.1906 -0.0002 -0.10% 6.78% Jul/22
CNYZAR 2.4214 -0.0114 -0.47% -1.31% Jul/22
 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
China Loan Prime Rate 3.00 3.00 percent Jul 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jun 2026
China Unemployment Rate 5.00 5.10 percent Jun 2026
United States Unemployment Rate 4.20 4.30 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
6.77 6.77 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Slips from 1-Month High
The offshore yuan weakened to around 6.77 per dollar on Wednesday, retreating from a one-month high reached in the previous session as escalating geopolitical tensions in the Middle East fueled safe-haven demand for the US dollar. The greenback remained firm after Washington carried out strikes on Iranian targets for an 11th consecutive day, while President Donald Trump downplayed expectations for negotiations with Tehran. Further pressuring the yuan, the People's Bank of China set the yuan's midpoint rate at 6.7933 per dollar, 196 pips weaker than Reuters' estimate, signaling official tolerance for a softer exchange rate. Investors are now looking ahead to the Politburo meeting expected later this month for clues on Beijing's economic policy direction in the second half of the year, with any signals of fresh stimulus or additional growth-support measures likely to shape the yuan's outlook.
2026-07-21
Offshore Yuan Hovers Near 1-Week Low
The offshore yuan hovered around 6.77 per dollar on Monday, remaining near a one-week low as investors weighed escalating tensions in the Middle East and the People's Bank of China's decision to leave key lending rates unchanged. Sentiment remained fragile after the US launched fresh airstrikes against Iran over the weekend, while Tehran declared its ceasefire with Washington no longer in effect. On the monetary policy front, the People's Bank of China left its key lending rates unchanged at record lows for a 14th consecutive month in July, with the one-year loan prime rate (LPR) held at 3.0% and the five-year LPR at 3.5%. The decision came despite softer-than-expected second-quarter economic data that underscored the uneven nature of China's recovery, as robust manufacturing output and exports continued to provide support while sluggish consumer spending weighed on growth. Attention is now focused on the upcoming Politburo meeting later this month for signals on stimulus measures.
2026-07-20
Chinese Yuan Hits 4-week High
The Chinese Yuan touched 6.77 against the USD, the highest since June 2026. Over the past 4 weeks, US Dollar Chinese Yuan lost 0.16%, and in the last 12 months, it decreased 5.82%.
2026-07-16