Exchange Rate
6.72019
Daily Change
-0.0051 -0.08%
Monthly
-0.81%
Yearly
-6.30%
Q3 Forecast
6.71437
Chinese Yuan - Summary

The offshore yuan strengthened to around 6.72 per dollar on Friday, marking its third straight session of gains and reaching its strongest level since January 2023, as persistent weakness in the US dollar continued to support the currency. The greenback remained under pressure as expectations for further Fed rate hikes eased, while the announcement of expanded bond buybacks boosted demand for longer-dated Treasuries and weighed on the dollar. On the monetary policy front, the central bank kept its benchmark lending rates unchanged at record lows for a fifteenth consecutive month. The one-year loan prime rate (LPR) was held at 3%, while the five-year LPR remained at 3.5%, reflecting policymakers' cautious approach amid lingering domestic and external uncertainties. Attention is now turning to the National People's Congress Standing Committee meeting in Beijing on August 25–28, where investors hope for additional policy guidance following a string of weak economic data releases for July.

Chinese Yuan - Stats

The USD/CNY exchange rate fell to 6.7191 on August 21, 2026, down 0.08% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.83%, and is up by 6.31% 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 August 23 of 2026.

Chinese Yuan - Forecast

The USD/CNY exchange rate fell to 6.7191 on August 21, 2026, down 0.08% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.83%, and is up by 6.31% over the last 12 months. The Chinese Yuan is expected to trade at 6.71 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.67 in 12 months time.



Crosses Price Day Year Date
USDCNY 6.7202 -0.0051 -0.08% -6.30% Aug/21
EURCNY 7.8490 -0.0049 -0.06% -6.58% Aug/21
GBPCNY 9.1693 0.0020 0.02% -5.40% Aug/21
AUDCNY 4.8189 0.0349 0.73% 4.02% Aug/21
NZDCNY 4.0095 0.0134 0.33% -4.09% Aug/21
CNYJPY 23.6577 0.0081 0.03% 15.49% Aug/21
CNYARS 223.1729 0.5419 0.24% 21.95% Aug/21
CNYBRL 0.7655 -0.0073 -0.95% 0.24% Aug/21
CNYCAD 0.2045 -0.0005 -0.26% 5.65% Aug/21
CNYCHF 0.1192 0.0002 0.14% 5.84% Aug/21
CNYDKK 0.9525 0.0006 0.07% 6.41% Aug/21
CNYHKD 1.1667 0.0005 0.04% 7.23% Aug/21
CNYINR 14.2432 0.0017 0.01% 17.17% Aug/21
CNYKRW 206.2806 -1.0669 -0.51% 5.72% Aug/21
CNYMXN 2.5142 -0.0069 -0.27% -3.64% Aug/21
CNYRUB 12.4875 0.0330 0.27% 11.30% Aug/21
CNYSGD 0.1889 -0.0003 -0.16% 5.25% Aug/21
CNYZAR 2.3831 -0.0123 -0.51% -3.35% Aug/21
 Currencies
 CNY...
 ...CNY



Related Last Previous Unit Reference
United States Inflation Rate 3.40 3.50 percent Jul 2026
China Inflation Rate 0.50 1.00 percent Jul 2026
China Loan Prime Rate 3.00 3.00 percent Aug 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jul 2026
China Unemployment Rate 5.20 5.00 percent Jul 2026
United States Unemployment Rate 4.10 4.20 percent Jul 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
6.72 6.73 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Strongest Since 2023
The offshore yuan strengthened to around 6.72 per dollar on Friday, marking its third straight session of gains and reaching its strongest level since January 2023, as persistent weakness in the US dollar continued to support the currency. The greenback remained under pressure as expectations for further Fed rate hikes eased, while the announcement of expanded bond buybacks boosted demand for longer-dated Treasuries and weighed on the dollar. On the monetary policy front, the central bank kept its benchmark lending rates unchanged at record lows for a fifteenth consecutive month. The one-year loan prime rate (LPR) was held at 3%, while the five-year LPR remained at 3.5%, reflecting policymakers' cautious approach amid lingering domestic and external uncertainties. Attention is now turning to the National People's Congress Standing Committee meeting in Beijing on August 25–28, where investors hope for additional policy guidance following a string of weak economic data releases for July.
2026-08-20
Offshore Yuan Rebounds
The offshore yuan rose to around 6.73 per dollar on Wednesday, rebounding from the previous session as a weaker US dollar and a strong official fixing provided support. The greenback came under pressure after US 30-year Treasury yields climbed to their highest level since 2007 overnight, fueled by concerns over rising government debt, persistent inflation risks, and geopolitical tensions. Further underpinning the yuan, the People's Bank of China set the daily midpoint at 6.7854 per dollar, its strongest fixing since February 8, 2023. However, the fixing remained 433 pips weaker than Reuters' estimate, suggesting Beijing continues to tolerate a measured pace of yuan appreciation. Meanwhile, Premier Li Qiang pledged to accelerate the transition toward new growth drivers, placing greater emphasis on large-scale initiatives such as the "Six Networks" program. Attention is now turning to the National People's Congress Standing Committee meeting on August 25–28 for potential policy signals.
2026-08-17
Chinese Yuan Hits 3-1/2-year High
The Chinese Yuan touched 6.74 against the USD, the highest since February 2023. Over the past 4 weeks, US Dollar Chinese Yuan lost 0.41%, and in the last 12 months, it decreased 6.22%.
2026-08-14