The offshore yuan appreciated past 7.25 per dollar, moving away from five-month lows as the central bank continued to guide the currency higher in an effort to maintain yuan stability. State-owned banks in China also continued to support the yuan by selling dollars in onshore markets. Earlier this week, official data showed that the country’s economy expanded 5.3% in the first quarter from a year ago, higher than the 5.2% seen in the previous quarter and beating expectations for a 5% growth. Analysts said that strong first quarter growth will likely prevent authorities from easing policy further, which should provide some support to the yuan. However, industrial production and retail sales in China rose less than anticipated in March. Externally, the yuan faced downward pressure from a rallying dollar as strong US economic data and hawkish remarks from Federal Reserve officials cemented expectations that the Fed will delay interest rate cuts.

The USDCNY decreased 0.0008 or 0.01% to 7.2501 on Friday April 19 from 7.2509 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 April 19 of 2024.

The USDCNY decreased 0.0008 or 0.01% to 7.2501 on Friday April 19 from 7.2509 in the previous trading session. The Chinese Yuan is expected to trade at 7.30 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.45 in 12 months time.




Crosses Price Day Year Date
USDCNY 7.2508 -0.0001 0% 5.33% Apr/19
EURCNY 7.7237 0.0083 0.11% 2.48% Apr/19
GBPCNY 9.0195 0.0041 0.04% 5.43% Apr/19
AUDCNY 4.6477 -0.0076 -0.16% 0.13% Apr/19
NZDCNY 4.2738 -0.0060 -0.14% 0.02% Apr/19
CNYJPY 21.3230 0.0004 0% 9.35% Apr/19
CNYARS 119.9398 -0.0184 -0.02% 278.75% Apr/19
CNYCAD 0.1899 -0.00001 -0.01% -2.98% Apr/19
CNYCHF 0.1254 -0.0005 -0.37% -3.27% Apr/19
CNYDKK 0.9662 -0.0006 -0.06% -2.09% Apr/19
CNYHKD 1.0801 0.0001 0.01% -5.28% Apr/19
CNYINR 11.5134 -0.0144 -0.12% -3.49% Apr/19
CNYKRW 190.3387 0.1979 0.10% -1.01% Apr/19
CNYMXN 2.3913 0.0362 1.54% -8.48% Apr/19
CNYRUB 12.8530 -0.0806 -0.62% 9.50% Apr/19
CNYSGD 0.1878 -0.000002 -0.001% -2.93% Apr/19
CNYZAR 2.6486 0.0051 0.19% 1.12% Apr/19
CNYBRL 0.7229 0.0005 0.07% -0.19% Apr/18


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
7.25 7.25 8.73 1.53 1981 - 2024 Daily