The offshore yuan weakened to around 6.80 per dollar on Friday and was on track for a second consecutive weekly loss, remaining under pressure from a broadly strong US dollar. The greenback continued its momentum after the Federal Reserve recently adopted a more hawkish stance, leading markets to price in a 75% probability of a rate hike as early as September. Meanwhile, the People's Bank of China unveiled plans to introduce overnight reverse repo operations on June 29–30 as part of the next phase of its monetary policy framework reform. This will complement the existing seven-day reverse repo rate, bringing the PBOC's policy toolkit more closely in line with those of major central banks, including the Federal Reserve. On the economic front, fiscal expenditure rose 0.8% year-on-year to CNY 11.39 trillion ($1.59 trillion) in the first five months of 2026. Central government spending increased 6.5% to CNY 1.68 trillion, while local government expenditure fell 0.1% to CNY 9.71 trillion.

The USD/CNY exchange rate rose to 6.8027 on June 26, 2026, up 0.04% from the previous session. Over the past month, the Chinese Yuan has weakened 0.35%, but it's up by 5.15% 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 June 27 of 2026.

The USD/CNY exchange rate rose to 6.8027 on June 26, 2026, up 0.04% from the previous session. Over the past month, the Chinese Yuan has weakened 0.35%, but it's up by 5.15% 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 6.73 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.8045 0.0031 0.05% -5.12% Jun/26
EURCNY 7.7462 0.0131 0.17% -7.81% Jun/26
GBPCNY 8.9814 0.0086 0.10% -8.65% Jun/26
AUDCNY 4.6924 -0.0075 -0.16% 0.32% Jun/26
NZDCNY 3.8331 -0.0084 -0.22% -11.67% Jun/26
CNYJPY 23.7681 -0.0194 -0.08% 17.87% Jun/26
CNYARS 217.2105 0.0106 0.005% 31.13% Jun/26
CNYBRL 0.7599 -0.0038 -0.49% -0.81% Jun/26
CNYCAD 0.2085 -0.0003 -0.14% 9.33% Jun/26
CNYCHF 0.1186 -0.0005 -0.43% 6.59% Jun/26
CNYDKK 0.9648 -0.0018 -0.18% 8.74% Jun/26
CNYHKD 1.1526 -0.0002 -0.01% 5.31% Jun/26
CNYINR 13.8633 -0.0486 -0.35% 16.29% Jun/26
CNYKRW 225.5792 -1.5658 -0.69% 18.56% Jun/26
CNYMXN 2.5477 -0.0259 -1.01% -2.89% Jun/26
CNYRUB 11.6502 0.4967 4.45% 6.44% Jun/26
CNYSGD 0.1900 -0.0006 -0.32% 6.81% Jun/26
CNYZAR 2.4212 -0.0015 -0.06% -2.43% Jun/26
 Currencies
 CNY...
 ...CNY



Related Last Previous Unit Reference
United States Inflation Rate 4.20 3.80 percent May 2026
China Inflation Rate 1.20 1.20 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 4.30 4.30 percent May 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
6.80 6.80 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Heads for 2nd Weekly Loss
The offshore yuan weakened to around 6.80 per dollar on Friday and was on track for a second consecutive weekly loss, remaining under pressure from a broadly strong US dollar. The greenback continued its momentum after the Federal Reserve recently adopted a more hawkish stance, leading markets to price in a 75% probability of a rate hike as early as September. Meanwhile, the People's Bank of China unveiled plans to introduce overnight reverse repo operations on June 29–30 as part of the next phase of its monetary policy framework reform. This will complement the existing seven-day reverse repo rate, bringing the PBOC's policy toolkit more closely in line with those of major central banks, including the Federal Reserve. On the economic front, fiscal expenditure rose 0.8% year-on-year to CNY 11.39 trillion ($1.59 trillion) in the first five months of 2026. Central government spending increased 6.5% to CNY 1.68 trillion, while local government expenditure fell 0.1% to CNY 9.71 trillion.
2026-06-26
Offshore Yuan Holds Near 1-Month Low
The offshore yuan steadied around 6.81 per dollar on Thursday, hovering near a one-month low after the People’s Bank of China unveiled plans to introduce overnight reverse repo operations as part of its next phase of monetary policy reform. The central bank said it will conduct overnight reverse repurchase operations on June 29–30, providing fixed-rate overnight liquidity to better address short-term funding needs in the banking system. The new overnight reverse repo rate will complement the existing seven-day rate of 1.4%, bringing the PBOC’s policy toolkit closer in line with major global central banks such as the Federal Reserve. During the Lujiazui Forum, Governor Pan Gongsheng outlined the central bank’s plans to broaden overnight reverse repo operations. Externally, the yuan remained under pressure from a stronger US dollar amid growing market expectations of further Federal Reserve interest rate hikes later this year.
2026-06-25
Offshore Yuan Hits 1-Month Low
The offshore yuan depreciated to around 6.80 per dollar on Wednesday, hitting its lowest level in a month, as a stronger US dollar continued to weigh on the currency. The greenback remained supported by mounting expectations that the Federal Reserve could raise interest rates in September, with markets now assigning roughly a 70% chance of a rate hike. Further pressure came from the People's Bank of China, which continued to set the yuan's daily reference rate at weaker-than-expected levels. The central bank fixed the currency at 6.8195 per dollar on Wednesday, extending its longest streak of weaker fixings since April 2025. Meanwhile, China has effectively halted certain tungsten exports to Japan, while rare-earth magnet shipments fell to a one-year low in May, when Beijing first rolled out its global export-control regime. Such restrictions have remained in place amid tensions over Taiwan-related remarks by Japanese Prime Minister Sanae Takaichi.
2026-06-24