The offshore yuan was slightly weaker around 6.47 per USD on Friday as concerns over a possible Evergrande default lingered. The property giant did not pay $83.5 million in bond interest to its offshore bondholders on Thursday and investors are still waiting for a clarification. The company still has a 30-day grace period and will default if that passes without payment. Meanwhile, another big cash injection from the PBoC offered investors some support that the authorities will help to contain a default.

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 September of 2021.

The Chinese Yuan is expected to trade at 6.49 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.56 in 12 months time.

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Chinese Yuan

Majors Price Day Year
BTCUSD 42,583.5800 -264.9200 -0.62% 296.90%
EURUSD 1.1721 -0.0024 -0.21% 0.76%
GBPUSD 1.3671 -0.0056 -0.41% 7.29%
AUDUSD 0.7254 -0.0048 -0.66% 3.24%
NZDUSD 0.7005 -0.0066 -0.93% 7.02%
USDJPY 110.7340 0.4470 0.41% 4.90%
USDCNY 6.4608 0.0025 0.04% -5.31%
USDCHF 0.9251 0.0007 0.08% -0.40%
USDCAD 1.2660 0.0002 0.01% -5.41%
USDMXN 20.0653 0.0147 0.07% -10.18%
USDINR 73.8130 0.0130 0.02% 0.19%
USDBRL 5.3344 0.0314 0.59% -4.10%
USDRUB 72.5975 -0.1216 -0.17% -7.09%
DXY 93.2876 -0.1744 -0.19% -1.43%
USDKRW 1,176.0210 5.3330 0.46% 0.36%
USDTRY 8.8405 0.0783 0.89% 15.40%
USDSEK 8.6565 0.0295 0.34% -5.10%
USDPLN 3.9298 0.0058 0.15% 0.49%
USDNOK 8.5790 0.0200 0.23% -10.38%
USDZAR 14.9459 0.2071 1.41% -12.69%
USDDKK 6.3466 0.0155 0.24% -0.83%
USDSGD 1.3533 0.0051 0.38% -1.76%
USDILS 3.1956 -0.0020 -0.06% -8.13%
USDHKD 7.7844 0.0009 0.01% 0.44%
USDCLP 792.3800 7.4400 0.95% 0.57%
USDPKR 168.9000 0.1000 0.06% 2.54%
USDCZK 21.6902 0.0824 0.38% -6.85%
USDHUF 304.6140 1.5240 0.50% -2.38%
Crosses Price Day Year
USDCNY 6.4608 0.0025 0.04% -5.31%
EURCNY 7.5725 -0.0161 -0.21% -4.56%
GBPCNY 8.8357 -0.0330 -0.37% 1.72%
AUDCNY 4.6892 -0.0289 -0.61% -2.16%
NZDCNY 4.5566 -0.0118 -0.26% -1.65%
CNYJPY 17.0752 0.0050 0.03% 9.87%
CNYARS 15.1937 -0.0263 -0.17% 36.55%
CNYBRL 0.8187 -0.0029 -0.35% 3.01%
CNYCAD 0.1961 0.0002 0.11% 2.24%
CNYCHF 0.1429 -0.0002 -0.14% 8.96%
CNYDKK 0.9826 -0.0005 -0.05% 5.53%
CNYHKD 1.2047 -0.0003 -0.03% 8.15%
CNYINR 11.4111 0.0071 0.06% 5.33%
CNYKRW 182.2584 0.2441 0.13% 6.47%
CNYMXN 3.1045 0.0011 0.04% -3.46%
CNYRUB 11.2548 -0.0135 -0.12% 0.41%
CNYSGD 0.2090 0.0003 0.16% 5.94%
CNYZAR 2.2833 -0.0030 -0.13% -4.56%



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. .