The offshore yuan appreciated to around 7.25 per dollar, rebounding sharply from four-month lows amid reports that Chinese state-owned banks supported the currency by selling dollars in onshore markets. The People’s Bank of China has also been setting stronger-than-expected midpoint rates in recent sessions, in a sign of authorities’ discomfort with the yuan’s weakness. Last week, the yuan tumbled nearly 1% on bets that China will ease policy further to prop up the economy. A senior central bank official also said recently that the PBOC has room to further cut banks’ reserve requirement ratio, among other policy tools in their arsenal. Investors now look ahead to Chinese manufacturing and services activity data in the coming days to gauge the health of the world’s second-largest economy.

The USDCNY increased 0.0085 or 0.12% to 7.2623 on Thursday March 28 from 7.2538 in the previous trading session. 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 March 28 of 2024.

The USDCNY increased 0.0085 or 0.12% to 7.2623 on Thursday March 28 from 7.2538 in the previous trading session. The Chinese Yuan is expected to trade at 7.26 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.27 in 12 months time.




Crosses Price Day Year Date
USDCNY 7.2626 0.0088 0.12% 5.34% Mar/28
EURCNY 7.8422 0.0183 0.23% 5.09% Mar/28
GBPCNY 9.1698 0.0379 0.42% 8.12% Mar/28
AUDCNY 4.7339 0.0130 0.27% 2.81% Mar/28
NZDCNY 4.3421 -0.0123 -0.28% 1.20% Mar/28
CNYJPY 20.8350 -0.0258 -0.12% 8.14% Mar/28
CNYBRL 0.6873 -0.0002 -0.02% -8.49% Mar/28
CNYCAD 0.1873 0.0002 0.13% -4.74% Mar/28
CNYCHF 0.1246 0.0001 0.04% -6.43% Mar/28
CNYDKK 0.9521 0.0027 0.29% -4.42% Mar/28
CNYHKD 1.0771 -0.0015 -0.14% -5.39% Mar/28
CNYINR 11.4785 -0.0043 -0.04% -3.70% Mar/28
CNYKRW 185.9202 -0.1643 -0.09% -1.80% Mar/28
CNYMXN 2.2826 0.0048 0.21% -12.97% Mar/28
CNYRUB 12.7135 -0.0310 -0.24% 14.85% Mar/28
CNYSGD 0.1859 0.0002 0.09% -3.55% Mar/28
CNYZAR 2.6258 0.0208 0.80% 0.03% Mar/28
CNYARS 118.2139 0.0483 0.04% 292.23% Mar/27


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
7.26 7.25 8.73 1.53 1981 - 2024 Daily