The offshore yuan appreciated past 7.1 per dollar, finding support after a private survey pointed to a surprise expansion in Chinese factory activity for May. The currency was also lifted after the US Federal Reserve signaled that it could pause its interest rate hikes this month. Still, the yuan remains close to its lowest levels in six months after official data showed that Chinese manufacturing activity contracted further in May, while services activity growth slowed to a four-month low. This reinforced speculations that the People’s Bank of China could lower interest rates again amid an unstable post-pandemic economic recovery. A lack of direct intervention by the country’s central bank to support the yuan also weighed on the currency, even after some major state-owned banks sold dollars in the spot market to keep the yuan from further losses.

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 2023.

The Chinese Yuan is expected to trade at 7.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.47 in 12 months time.

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Chinese Yuan


Majors Price Day Year
EURUSD 1.0706 -0.0055 -0.51% -0.11%
GBPUSD 1.2448 -0.0077 -0.61% -0.30%
AUDUSD 0.6611 0.0041 0.62% -8.26%
NZDUSD 0.6061 -0.0009 -0.15% -6.82%
USDJPY 139.9400 1.1500 0.83% 6.94%
USDCNY 7.1092 0.0056 0.08% 6.86%
USDCHF 0.9089 0.0036 0.40% -5.57%
USDCAD 1.3423 -0.0027 -0.20% 6.59%
USDMXN 17.5410 -0.0064 -0.04% -10.29%
USDINR 82.3980 0.1321 0.16% 6.19%
USDBRL 4.9571 -0.0569 -1.13% 3.85%
USDRUB 80.7955 -0.2000 -0.25% 32.76%
USDKRW 1,305.9200 -6.7200 -0.51% 4.43%
USDTRY 20.9589 0.1601 0.77% 27.70%
DXY 104.0150 0.4550 0.44% 1.84%
USDSEK 10.7884 -0.0137 -0.13% 10.53%
USDPLN 4.1890 -0.0088 -0.21% -1.94%
USDNOK 10.9965 -0.0586 -0.53% 16.70%
USDZAR 19.4952 -0.1284 -0.65% 25.54%
USDDKK 6.9538 0.0342 0.49% 0.22%
USDSGD 1.3495 0.0017 0.13% -1.92%
USDILS 3.7429 0.0015 0.04% 12.67%
USDHKD 7.8375 0.0079 0.10% -0.09%
USDCLP 798.3000 -5.7600 -0.72% -1.58%
USDPKR 285.0000 0 0% 44.38%
USDCZK 22.0100 0.0350 0.16% -4.13%
USDHUF 345.1600 1.0200 0.30% -5.36%
Crosses Price Day Year
USDCNY 7.1092 0.0056 0.08% 6.86%
EURCNY 7.5911 -0.0312 -0.41% 6.51%
GBPCNY 8.8264 -0.0620 -0.70% 6.30%
AUDCNY 4.6823 0.0166 0.36% -2.30%
NZDCNY 4.3089 -0.0030 -0.07% -0.43%
CNYJPY 19.6844 0.1464 0.75% 0.07%
CNYARS 33.8068 0.1644 0.49% 88.26%
CNYBRL 0.7090 0.0032 0.45% -1.55%
CNYCAD 0.1890 -0.0003 -0.14% -0.30%
CNYCHF 0.1279 0.0004 0.32% -11.64%
CNYDKK 0.9780 0.0039 0.40% -5.89%
CNYHKD 1.1024 0.0002 0.02% -6.50%
CNYINR 11.6342 0.0533 0.46% 0.13%
CNYKRW 183.9447 -0.8405 -0.45% -1.23%
CNYMXN 2.4674 -0.0028 -0.12% -16.05%
CNYRUB 11.4343 0.0322 0.28% 25.09%
CNYSGD 0.1898 0.0001 0.05% -8.22%
CNYZAR 2.7550 -0.0075 -0.27% 18.60%


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
7.11 7.10 8.73 1.53 1981 - 2023 Daily