The Chinese Yuan added 0.00802 points or 0.12% to fresh 6-week highs of 6.48021 against the US Dollar on Thursday after the onshore rate was set at 6.4902. An easing Greenback and stabilizing long term bond yields boosted the risk sensitive Yuan as local 10-year rates neared 10-week lows of 3.155% while US 10-year rates held around 5-week lows of 1.545%. On the policy front, the PBoC left its key interest rates steady for the 12th straight month at its April fixing earlier this week, in line with consensus. Meantime, a bipartisan US congressional push to counteract China picked up steam on Wednesday as a Senate committee backed a bill pressing Beijing on human rights and economic competition, according to Reuters.

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 April of 2021.

The Chinese Yuan is expected to trade at 6.51 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.59 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Chinese Yuan

Majors Price Day Year
EURUSD 1.2026 -0.0011 -0.09% 11.61%
GBPUSD 1.3855 -0.0075 -0.54% 12.16%
AUDUSD 0.7722 -0.0033 -0.42% 21.16%
NZDUSD 0.7167 -0.0038 -0.52% 19.39%
USDJPY 108.0560 0.0240 0.02% 0.38%
USDCNY 6.4881 -0.0036 -0.05% -8.53%
USDCHF 0.9172 0.0005 0.05% -6.04%
USDCAD 1.2511 0.0007 0.05% -11.08%
USDMXN 19.8923 -0.0076 -0.04% -19.73%
USDINR 75.0580 -0.3630 -0.48% -1.10%
USDBRL 5.4934 -0.0756 -1.36% -0.72%
USDRUB 75.8208 -0.6342 -0.83% 1.41%
DXY 91.2259 0.0709 0.08% -9.17%
USDKRW 1,114.2020 8.2020 0.74% -9.63%
USDZAR 14.2798 0.0491 0.34% -25.22%
USDSGD 1.3288 0 0% -6.73%
USDHKD 7.7598 -0.0033 -0.04% 0.12%
Crosses Price Day Year
USDCNY 6.4881 -0.0036 -0.05% -8.53%
EURCNY 7.8029 -0.0101 -0.13% 2.09%
GBPCNY 8.9895 -0.0521 -0.58% 2.60%
AUDCNY 5.0101 -0.0231 -0.46% 10.82%
NZDCNY 4.6583 -0.0185 -0.40% 14.20%
CNYCAD 0.1927 0.00004 0.02% -5.40%
CNYCHF 0.1412 -0.0001 -0.05% 2.19%
CNYHKD 1.1956 -0.0002 -0.02% 9.57%
CNYMXN 3.0749 0.0095 0.31% -13.74%
CNYSGD 0.2047 0.00001 0.005% -0.16%



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. .