The offshore yuan edged higher to around 6.88 per dollar on Friday, trimming gains from the previous session as market sentiment improved on growing hopes for the reopening of the Strait of Hormuz. Iran and Oman are said to be developing a protocol to “monitor transit” through the strategic waterway, a move aimed at easing regional tensions. Elsewhere, countries such as India and the Philippines are actively negotiating with Tehran to ensure the safe passage of vessels, while also forming small diplomatic circles and exploring barter-style agreements. Meanwhile, China and Pakistan are advocating for their own multi-point diplomatic plan, as Iran maintains tight control over the shipping lane. Domestically, RatingDog data showed China’s composite PMI fell to 51.5 in March from 55.4 in February 2026, as both manufacturing (50.8 vs 52.1) and services (52.1 vs 56.7) sectors slowed. Over the week, the yuan is poised for a weekly gain, breaking a four-week losing streak.

The USD/CNY exchange rate fell to 6.8843 on April 3, 2026, down 0.08% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.16%, and is up by 5.65% 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 April 3 of 2026.

The USD/CNY exchange rate fell to 6.8843 on April 3, 2026, down 0.08% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.16%, and is up by 5.65% over the last 12 months. The Chinese Yuan is expected to trade at 6.88 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.85 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.8843 -0.0052 -0.08% -5.65% Apr/03
EURCNY 7.9395 -0.0106 -0.13% -0.70% Apr/03
GBPCNY 9.1049 -0.0056 -0.06% -3.19% Apr/03
AUDCNY 4.7539 -0.0048 -0.10% 7.96% Apr/03
NZDCNY 3.9301 -0.0087 -0.22% -6.97% Apr/03
CNYJPY 23.1830 0.0168 0.07% 15.10% Apr/03
CNYARS 202.0022 0.7713 0.38% 36.88% Apr/03
CNYCAD 0.2023 0.0003 0.13% 4.47% Apr/03
CNYCHF 0.1160 0.0001 0.08% -1.68% Apr/03
CNYDKK 0.9410 0.0010 0.11% 1.47% Apr/03
CNYHKD 1.1387 0.0011 0.09% 6.58% Apr/03
CNYKRW 219.5295 0.3202 0.15% 10.09% Apr/03
CNYMXN 2.5941 -0.0008 -0.03% -5.30% Apr/03
CNYSGD 0.1868 0.0001 0.05% 1.96% Apr/03
CNYZAR 2.4605 0.0028 0.11% -4.26% Apr/03
CNYBRL 0.7486 -0.0011 -0.15% -3.53% Apr/02
CNYINR 13.4946 0.0241 0.18% 15.20% Apr/02
CNYRUB 11.7011 0.0251 0.22% 1.29% Apr/02
 Currencies
 CNY...
 ...CNY



Related Last Previous Unit Reference
United States Inflation Rate 2.40 2.40 percent Feb 2026
China Inflation Rate 1.30 0.20 percent Feb 2026
China Loan Prime Rate 3.00 3.00 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
China Unemployment Rate 5.30 5.20 percent Feb 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
6.88 6.89 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Set for Weekly Gains
The offshore yuan edged higher to around 6.88 per dollar on Friday, trimming gains from the previous session as market sentiment improved on growing hopes for the reopening of the Strait of Hormuz. Iran and Oman are said to be developing a protocol to “monitor transit” through the strategic waterway, a move aimed at easing regional tensions. Elsewhere, countries such as India and the Philippines are actively negotiating with Tehran to ensure the safe passage of vessels, while also forming small diplomatic circles and exploring barter-style agreements. Meanwhile, China and Pakistan are advocating for their own multi-point diplomatic plan, as Iran maintains tight control over the shipping lane. Domestically, RatingDog data showed China’s composite PMI fell to 51.5 in March from 55.4 in February 2026, as both manufacturing (50.8 vs 52.1) and services (52.1 vs 56.7) sectors slowed. Over the week, the yuan is poised for a weekly gain, breaking a four-week losing streak.
2026-04-03
Offshore Yuan Snaps 3-Session Gains
The offshore yuan weakened to around 6.89 per dollar, ending a three-day winning streak as the greenback gained strength amid mounting uncertainties over a possible easing of the Middle East conflict. The US dollar rose as investors pared back expectations for Federal Reserve rate cuts, amid concerns that a surge in oil prices driven by the conflict could stoke rising inflation. During his speech, Trump said the war in Iran was “very close” to completion and likely to meet its objectives in the coming weeks, while warning that military operations could intensify. Meanwhile, the PBoC drained CNY 890 billion through short-term operations and absorbed another CNY 250 billion via longer-term tools, reversing months of liquidity support after the economy’s deepest slowdown since reopening from Covid lockdowns in 2022. With growth rebounding and oil prices elevated by the Iran war, the central bank appears focused on curbing inflation while gradually steering China out of record deflation.
2026-04-02
Offshore Yuan Rallies on Peace Hopes
The offshore yuan strengthened to around 6.87 per dollar on Wednesday, marking its third straight session of gains and reaching a near two-week high, as optimism over a potential resolution to the Middle East conflict dented demand for the greenback. President Trump said US forces would end operations in Iran within two to three weeks, while adding that any agreement was “irrelevant” to Washington’s timeline. Iranian President Masoud Pezeshkian stated that Tehran had the “necessary will” to end the conflict, provided that safeguards are in place to prevent renewed hostilities. The yuan gained further support as BOC Hong Kong works with regulators to upgrade digital wallets, following China’s move to allow interest on the currency, a step that could boost offshore adoption. Meanwhile, a private survey showed that the manufacturing PMI fell to 50.8 in March 2026, from 52.1 in February. In contrast, official data indicated that the manufacturing PMI rebounded to a one-year high of 50.4.
2026-04-01