The offshore yuan held around 6.70 per dollar, remaining under pressure as China’s central bank is expected to resume its policy easing at a time other major economies are racing ahead with interest rate hikes. Chinese authorities also reiterated the government’s pledge to support the economy, with President Xi Jinping saying that the country will “strengthen macro-policy adjustment and adopt more effective measures to strive to meet the social and economic development targets for 2022 and minimize the impacts of Covid-19.” Meanwhile, China’s central bank recently kept its benchmark lending rates unchanged, holding the one-year LPR steady at 3.7%, while that of the five-year LPR at 4.45%. Investors are now looking ahead to June economic indicators to gauge the pace of domestic economic recovery, while awaiting clarity on future policy moves.

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 June of 2022.

The Chinese Yuan is expected to trade at 6.76 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.92 in 12 months time.

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Chinese Yuan


Majors Price Day Year
EURUSD 1.0552 0.0029 0.28% -11.59%
GBPUSD 1.2274 0.0009 0.08% -11.47%
AUDUSD 0.6942 0.0037 0.53% -8.32%
NZDUSD 0.6314 0.0040 0.64% -10.68%
USDJPY 135.1360 0.3040 0.23% 21.98%
USDCNY 6.6826 -0.0169 -0.25% 3.43%
USDCHF 0.9578 -0.0033 -0.34% 4.48%
USDCAD 1.2893 -0.0101 -0.78% 4.87%
USDMXN 19.8500 -0.1510 -0.76% 0.21%
USDINR 78.2300 0.0900 0.12% 5.42%
USDBRL 5.2417 0.0011 0.02% 6.25%
USDRUB 50.9000 -1.1000 -2.12% -29.39%
USDKRW 1,288.8900 -10.9200 -0.84% 14.35%
DXY 104.1850 -0.2460 -0.24% 13.43%
USDTRY 16.8922 -0.4576 -2.64% 93.07%
USDSEK 10.1325 -0.0377 -0.37% 19.36%
USDPLN 4.4378 -0.0348 -0.78% 17.45%
USDNOK 9.8420 -0.1180 -1.18% 15.91%
USDZAR 15.7990 -0.1537 -0.96% 11.72%
USDDKK 7.0489 -0.0192 -0.27% 13.19%
USDSGD 1.3855 -0.0044 -0.32% 3.26%
USDILS 3.4081 -0.0396 -1.15% 4.95%
USDHKD 7.8489 -0.0008 -0.01% 1.13%
USDCLP 916.7700 14.1200 1.56% 25.14%
USDPKR 208.0000 -0.4000 -0.19% 31.98%
USDCZK 23.4240 -0.0680 -0.29% 9.80%
USDHUF 380.1200 0.7000 0.18% 29.28%
Crosses Price Day Year
USDCNY 6.6826 -0.0169 -0.25% 3.43%
EURCNY 7.0616 0.0217 0.31% -8.47%
GBPCNY 8.2166 0.0077 0.09% -8.43%
AUDCNY 4.6465 0.0230 0.50% -5.34%
NZDCNY 4.2162 0.0129 0.31% -7.69%
CNYJPY 20.2394 0.1137 0.57% 18.04%
CNYARS 18.5208 0.0682 0.37% 25.85%
CNYBRL 0.7829 0.0007 0.09% 3.10%
CNYCAD 0.1931 -0.0007 -0.38% 1.47%
CNYCHF 0.1436 0.0002 0.12% 1.19%
CNYDKK 1.0539 -0.0011 -0.11% 9.40%
CNYHKD 1.1751 0.0035 0.29% -2.18%
CNYINR 11.7082 0.0447 0.38% 2.13%
CNYKRW 193.1981 -0.8178 -0.42% 10.55%
CNYMXN 2.9731 -0.0123 -0.41% -3.03%
CNYRUB 7.9749 0.2132 2.75% -28.48%
CNYSGD 0.2075 -0.00001 -0.004% -0.10%
CNYZAR 2.3847 0.0036 0.15% 8.73%


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
6.68 6.70 8.73 1.53 1981 - 2022 Daily