The offshore yuan depreciated to around 6.80 per dollar on Wednesday, hitting its lowest level in a month, as a stronger US dollar continued to weigh on the currency. The greenback remained supported by mounting expectations that the Federal Reserve could raise interest rates in September, with markets now assigning roughly a 70% chance of a rate hike. Further pressure came from the People's Bank of China, which continued to set the yuan's daily reference rate at weaker-than-expected levels. The central bank fixed the currency at 6.8195 per dollar on Wednesday, extending its longest streak of weaker fixings since April 2025. Meanwhile, China has effectively halted certain tungsten exports to Japan, while rare-earth magnet shipments fell to a one-year low in May, when Beijing first rolled out its global export-control regime. Such restrictions have remained in place amid tensions over Taiwan-related remarks by Japanese Prime Minister Sanae Takaichi.

The USD/CNY exchange rate rose to 6.8140 on June 24, 2026, up 0.28% from the previous session. Over the past month, the Chinese Yuan has weakened 0.44%, but it's up by 4.93% 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 June 24 of 2026.

The USD/CNY exchange rate rose to 6.8140 on June 24, 2026, up 0.28% from the previous session. Over the past month, the Chinese Yuan has weakened 0.44%, but it's up by 4.93% over the last 12 months. The Chinese Yuan is expected to trade at 6.78 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 6.8141 0.0193 0.28% -4.93% Jun/24
EURCNY 7.7365 0.0030 0.04% -7.61% Jun/24
GBPCNY 8.9693 -0.0016 -0.02% -8.59% Jun/24
AUDCNY 4.6994 0.0001 0% 0.55% Jun/24
NZDCNY 3.8436 -0.0077 -0.20% -11.41% Jun/24
CNYJPY 23.7480 -0.0270 -0.11% 17.46% Jun/24
CNYARS 217.0759 0.5946 0.27% 30.76% Jun/24
CNYBRL 0.7628 -0.0022 -0.29% -0.81% Jun/24
CNYCAD 0.2089 -0.0003 -0.12% 9.18% Jun/24
CNYCHF 0.1192 0.0001 0.07% 6.33% Jun/24
CNYDKK 0.9661 -0.0004 -0.05% 8.44% Jun/24
CNYHKD 1.1506 -0.0033 -0.29% 5.07% Jun/24
CNYINR 13.8595 -0.0965 -0.69% 15.49% Jun/24
CNYKRW 226.7525 1.1565 0.51% 19.57% Jun/24
CNYMXN 2.5878 0.0042 0.16% -1.92% Jun/24
CNYRUB 10.9884 0.0241 0.22% 0.65% Jun/24
CNYSGD 0.1905 -0.0003 -0.18% 6.92% Jun/24
CNYZAR 2.4357 0.0032 0.13% -1.62% Jun/24
 Currencies
 CNY...
 ...CNY



Related Last Previous Unit Reference
United States Inflation Rate 4.20 3.80 percent May 2026
China Inflation Rate 1.20 1.20 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 4.30 4.30 percent May 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
6.81 6.79 8.73 1.53 1981 - 2026 Daily

News Stream
Offshore Yuan Hits 1-Month Low
The offshore yuan depreciated to around 6.80 per dollar on Wednesday, hitting its lowest level in a month, as a stronger US dollar continued to weigh on the currency. The greenback remained supported by mounting expectations that the Federal Reserve could raise interest rates in September, with markets now assigning roughly a 70% chance of a rate hike. Further pressure came from the People's Bank of China, which continued to set the yuan's daily reference rate at weaker-than-expected levels. The central bank fixed the currency at 6.8195 per dollar on Wednesday, extending its longest streak of weaker fixings since April 2025. Meanwhile, China has effectively halted certain tungsten exports to Japan, while rare-earth magnet shipments fell to a one-year low in May, when Beijing first rolled out its global export-control regime. Such restrictions have remained in place amid tensions over Taiwan-related remarks by Japanese Prime Minister Sanae Takaichi.
2026-06-24
Offshore Yuan Trades Near 2-Week Low
The offshore yuan traded around 6.78 per dollar on Tuesday, hovering near a two-week low as US dollar strength weighed on the currency. The greenback gained traction as investors positioned for the possibility of additional Fed rate hikes later this year following the central bank's recent hawkish remarks. In China, the PBoC kept its one-year loan prime rate (LPR) at 3% and its five-year LPR at 3.5% for a thirteenth consecutive month, highlighting policymakers' cautious approach to supporting growth while preserving financial stability. Adding to downward pressure on the yuan, the PBoC continued to set the daily reference rate at weaker-than-expected levels, signaling a tolerance for a softer currency. The central bank set the midpoint fixing at 6.8171 per dollar, the weakest level since June 8. Seasonal foreign-exchange demand has also weighed on the currency, as Hong Kong-listed Chinese firms are expected to ramp up dividend payouts in June, increasing demand for foreign currencies.
2026-06-22
Chinese Yuan Hits 4-week Low
The Chinese Yuan touched 6.79 against the USD, the lowest since May 2026. Over the past 4 weeks, US Dollar Chinese Yuan lost 0.14%, and in the last 12 months, it decreased 5.4%.
2026-06-19