The offshore yuan edged lower to around 7.24 dollar, influenced by the persistent weakness of the yen. In tandem, the Japanese yen weakened to around 156 per dollar, hitting its lowest point since May 1990, thereby putting downward pressure on other Asian currencies, including the yuan. The Bank of Japan's decision to maintain interest rates at 0-0.1% further contributed to this trend. Moreover, increasing U.S. treasury yields and capital outflows from a lackluster stock market added to the downward pressure on the yuan. Still, the yuan received support from daily benchmark fixings and interventions by state-owned banks aimed at stabilization. Meanwhile, investors are now shifting their focus to China's PMI data scheduled for release next week.

The USDCNY increased 0.0057 or 0.08% to 7.2619 on Friday April 26 from 7.2561 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 26 of 2024.

The USDCNY increased 0.0057 or 0.08% to 7.2619 on Friday April 26 from 7.2561 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 7.2622 0.0061 0.08% 4.79% Apr/26
EURCNY 7.7939 0.0096 0.12% 2.14% Apr/26
GBPCNY 9.0858 0.0070 0.08% 5.15% Apr/26
AUDCNY 4.7474 0.0199 0.42% 3.60% Apr/26
NZDCNY 4.3262 0.0038 0.09% 1.93% Apr/26
CNYJPY 21.5670 0.1206 0.56% 11.59% Apr/26
CNYARS 120.3664 -0.0488 -0.04% 277.07% Apr/26
CNYCAD 0.1880 -0.0002 -0.11% -4.29% Apr/26
CNYCHF 0.1256 -0.0002 -0.13% -2.17% Apr/26
CNYDKK 0.9565 -0.0016 -0.16% -1.65% Apr/26
CNYHKD 1.0785 -0.0003 -0.03% -4.65% Apr/26
CNYINR 11.4790 -0.0006 -0.01% -2.54% Apr/26
CNYKRW 189.5041 0.4505 0.24% -1.71% Apr/26
CNYMXN 2.3756 0.0047 0.20% -9.10% Apr/26
CNYRUB 12.7048 0.0345 0.27% 7.37% Apr/26
CNYSGD 0.1874 0.00004 0.02% -2.63% Apr/26
CNYZAR 2.6134 -0.0099 -0.38% -1.46% Apr/26
CNYBRL 0.7092 0.0015 0.21% -2.55% Apr/25

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 7.26 8.73 1.53 1981 - 2024 Daily