The offshore yuan edged lower to around 6.71 per dollar, remaining in a sideways trading range for the past two weeks despite a slew of upbeat economic data, signaling China’s economic recovery amid an easing Covid situation. China’s manufacturing and service sectors expanded in June for the first time in four months as authorities gradually lifted virus restrictions, reviving output and consumption. Meanwhile, investors remained cautious about China’s adherence to its strict zero Covid policy, amid fears that the country is still susceptible to lockdowns. Moreover, People’s Bank of China Governor Yi Gang said the country's policy stance would continue to be accommodative to support the economic recovery. This contrasted sharply with the hawkish bias of other major central banks, raising fears of capital outflows and currency weakness.

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 July of 2022.

The Chinese Yuan is expected to trade at 6.79 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.89 in 12 months time.

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Chinese Yuan


Majors Price Day Year
EURUSD 1.0427 -0.0049 -0.47% -12.13%
GBPUSD 1.2087 -0.0073 -0.60% -12.62%
AUDUSD 0.6813 -0.0085 -1.24% -9.48%
NZDUSD 0.6206 -0.0035 -0.56% -11.72%
USDJPY 135.2400 -0.5880 -0.43% 21.81%
USDCNY 6.6967 0.0039 0.06% 3.45%
USDCHF 0.9593 0.0044 0.46% 4.18%
USDCAD 1.2883 0.0011 0.09% 4.58%
USDMXN 20.2510 0.1620 0.81% 2.41%
USDINR 78.9283 -0.0217 -0.03% 5.93%
USDBRL 5.3310 0.0748 1.42% 5.41%
USDRUB 51.5000 -1.0000 -1.90% -29.54%
USDKRW 1,298.6700 11.1600 0.87% 14.87%
DXY 105.1380 0.4530 0.43% 14.00%
USDTRY 16.7117 0.0155 0.09% 92.55%
USDSEK 10.2972 0.0783 0.77% 20.54%
USDPLN 4.4910 0.0108 0.24% 18.13%
USDNOK 9.9360 0.0876 0.89% 15.63%
USDZAR 16.3958 0.1238 0.76% 15.06%
USDDKK 7.1333 0.0404 0.57% 13.81%
USDSGD 1.3962 0.0064 0.46% 3.68%
USDILS 3.5237 0.0288 0.82% 7.93%
USDHKD 7.8465 0.0003 0.004% 1.05%
USDCLP 931.8900 15.5900 1.70% 26.99%
USDPKR 204.5000 0 0% 29.84%
USDCZK 23.7240 0.1500 0.64% 10.14%
USDHUF 383.3000 5.4200 1.43% 29.33%
Crosses Price Day Year
USDCNY 6.6967 0.0039 0.06% 3.45%
EURCNY 6.9696 -0.0343 -0.49% -9.25%
GBPCNY 8.0613 -0.0754 -0.93% -9.98%
AUDCNY 4.5475 -0.0650 -1.41% -6.67%
NZDCNY 4.1560 -0.0210 -0.50% -8.67%
CNYJPY 20.1947 -0.0999 -0.49% 17.75%
CNYARS 18.7082 0.0644 0.35% 26.44%
CNYBRL 0.7835 -0.0018 -0.23% 0.47%
CNYCAD 0.1924 0.0001 0.05% 1.07%
CNYCHF 0.1442 0.0016 1.10% 1.37%
CNYDKK 1.0597 -0.0001 -0.01% 9.27%
CNYHKD 1.1717 -0.0006 -0.05% -2.33%
CNYINR 11.7625 -0.0338 -0.29% 2.11%
CNYKRW 193.0302 0.6578 0.34% 10.14%
CNYMXN 3.0240 0.0224 0.75% -1.01%
CNYRUB 8.1268 0.2825 3.60% -28.24%
CNYSGD 0.2085 0.0008 0.40% 0.22%
CNYZAR 2.4378 0.0066 0.27% 9.45%


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
6.70 6.69 8.73 1.53 1981 - 2022 Daily