The offshore yuan rose to around 6.79 per dollar on Thursday, snapping a three-session losing streak, as stronger producer-price growth reinforced expectations that deflationary pressures are easing despite still-muted consumer demand. Annual producer inflation rose to 4.1% in June from 3.9% in May, marking the fastest pace since July 2022, supported by higher commodity and energy costs amid the Middle East tensions. Meanwhile, annual consumer inflation eased to a three-month low of 1% from 1.2% in May. While rising global prices for oil, semiconductors, and industrial metals have lifted factory-gate prices, weak domestic demand has limited cost pass-through to consumers, keeping pressure on profit margins. On the monetary policy front, the central bank reiterated its commitment to maintaining an appropriately accommodative stance and strengthening financial support for domestic consumption, while acknowledging the persistent imbalance between robust supply and relatively weak demand.

The USD/CNY exchange rate fell to 6.7978 on July 9, 2026, down 0.13% from the previous session. Over the past month, the Chinese Yuan has weakened 0.23%, but it's up by 5.31% over the last 12 months. Historically, the USDCNY reached an all time high of 8.73 in January of 1994. Chinese Yuan - data, forecasts, historical chart - was last updated on July 9 of 2026.

The USD/CNY exchange rate fell to 6.7978 on July 9, 2026, down 0.13% from the previous session. Over the past month, the Chinese Yuan has weakened 0.23%, but it's up by 5.31% over the last 12 months. The Chinese Yuan is expected to trade at 6.77 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.73 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.7982 -0.0081 -0.12% -5.30% Jul/09
EURCNY 7.7697 -0.0010 -0.01% -7.46% Jul/09
GBPCNY 9.1195 0.0074 0.08% -6.44% Jul/09
AUDCNY 4.7144 -0.0017 -0.04% -0.33% Jul/09
NZDCNY 3.8955 0.0172 0.44% -9.58% Jul/09
CNYJPY 23.8880 0.0005 0% 17.24% Jul/09
CNYARS 218.7621 0.2111 0.10% 25.43% Jul/09
CNYCAD 0.2083 0.0001 0.04% 9.32% Jul/09
CNYCHF 0.1186 -0.0002 -0.16% 7.45% Jul/09
CNYDKK 0.9614 -0.0006 -0.07% 8.63% Jul/09
CNYHKD 1.1527 0.0009 0.08% 5.46% Jul/09
CNYINR 14.0392 -0.0211 -0.15% 17.61% Jul/09
CNYKRW 221.2696 0.1091 0.05% 15.65% Jul/09
CNYMXN 2.5801 -0.0028 -0.11% -0.44% Jul/09
CNYRUB 11.2447 -0.0389 -0.34% 3.32% Jul/09
CNYSGD 0.1900 -0.00004 -0.02% 6.69% Jul/09
CNYZAR 2.4056 -0.0050 -0.21% -3.06% Jul/09
CNYBRL 0.7574 -0.0028 -0.37% -0.12% Jul/08
 Currencies
 CNY...
 ...CNY



Related Last Previous Unit Reference
China Inflation Rate 1.00 1.20 percent Jun 2026
United States Inflation Rate 4.20 3.80 percent May 2026
China Loan Prime Rate 3.00 3.00 percent Jun 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jun 2026
United States Unemployment Rate 4.20 4.30 percent Jun 2026
China Unemployment Rate 5.10 5.20 percent May 2026

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
6.80 6.81 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Snaps 3-Day Losing Streak
The offshore yuan rose to around 6.79 per dollar on Thursday, snapping a three-session losing streak, as stronger producer-price growth reinforced expectations that deflationary pressures are easing despite still-muted consumer demand. Annual producer inflation rose to 4.1% in June from 3.9% in May, marking the fastest pace since July 2022, supported by higher commodity and energy costs amid the Middle East tensions. Meanwhile, annual consumer inflation eased to a three-month low of 1% from 1.2% in May. While rising global prices for oil, semiconductors, and industrial metals have lifted factory-gate prices, weak domestic demand has limited cost pass-through to consumers, keeping pressure on profit margins. On the monetary policy front, the central bank reiterated its commitment to maintaining an appropriately accommodative stance and strengthening financial support for domestic consumption, while acknowledging the persistent imbalance between robust supply and relatively weak demand.
2026-07-09
Offshore Yuan Rebounds on PBoC Support
The offshore yuan strengthened to around 6.79 per dollar on Wednesday, rebounding from the previous session as the People's Bank of China showed signs of resisting downward pressure on the currency. The central bank set the daily midpoint fixing at 6.8077 per dollar, just 59 pips weaker than Reuters' estimate. The gap between the official fixing and market estimates has narrowed considerably from levels exceeding 500 pips over the past month, reinforcing expectations of greater official support for the yuan amid stronger US dollar. The greenback remained supported by safe-haven demand after Washington carried out fresh military strikes against Iran and rescinded a sanctions waiver permitting Tehran to export oil to global markets. The yuan has also faced pressure in recent sessions after the World Bank projected that China's economy would slow to 4.4% in 2026 and 4.3% in 2027, while Beijing lowered its 2026 GDP growth target to 4.5%–5.0%, from around 5% over the previous three years.
2026-07-08
Offshore Yuan Extends Fall
The offshore yuan depreciated to around 6.80 per dollar on Tuesday, extending losses from the previous session and hitting a one-week low as investors weighed the latest outlook for China's economy. The World Bank projected China's economic growth to slow to 4.4% in 2026 and 4.3% in 2027, citing a prolonged property market downturn and subdued consumer spending. Meanwhile, the government also set its 2026 GDP growth target at 4.5%–5.0%, the lowest since 1991 and the first downward revision since 2023, after maintaining a target of around 5% over the previous three years. Separately, the PBoC announced measures to strengthen Hong Kong's role as an offshore yuan hub. These include more than doubling the RMB Business Facility to 500 billion yuan, raising the annual Southbound Bond Connect quota to 800 billion yuan from 500 billion yuan, and pledging support for more yuan-denominated commodity products following the launch of a new gold clearing system in Hong Kong backed by major banks.
2026-07-07