The Chinese Yuan gained 0.00175 points or 0.02% to 7.16752 against the US Dollar on Friday, adding 0.29% for the week after the onshore rate was set at 12 year lows of 7.1316. Sentiment was skeptical ahead of United States President Donald Trump’s announcement in response to China’s new security legislation for Hong Kong later today. Further weighing sentiment was news that Washington will introduce legislation that may scrap or weaken a law that has protected internet companies, with the attorney general office beginning drafting legislation immediately.

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 May of 2020.

The Chinese Yuan is expected to trade at 7.16 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.24 in 12 months time.

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Chinese Yuan

Majors Price Day Year
EURUSD 1.1087 0.0014 0.13% -0.39%
GBPUSD 1.2327 0.0009 0.07% -2.21%
AUDUSD 0.6666 0.0035 0.53% -3.55%
NZDUSD 0.6201 0.0004 0.06% -4.73%
USDJPY 107.7700 0.1070 0.10% -1.67%
USDCNY 7.1322 -0.0412 -0.57% 2.94%
USDCHF 0.9607 -0.0038 -0.39% -4.66%
USDCAD 1.3755 -0.0021 -0.15% 1.90%
USDMXN 22.1726 -0.0387 -0.17% 15.87%
USDINR 75.5900 -0.0600 -0.08% 8.26%
USDBRL 5.3361 -0.0684 -1.27% 34.02%
USDRUB 70.1600 -0.3171 -0.45% 7.65%
DXY 98.3018 -0.0812 -0.08% 0.56%
USDKRW 1,231.6690 -5.4880 -0.44% 3.61%
USDZAR 17.5283 0.0310 0.18% 19.07%
USDSGD 1.4116 -0.0062 -0.43% 2.37%
USDHKD 7.7508 -0.0025 -0.03% -1.23%
Crosses Price Day Year
USDCNY 7.1322 -0.0412 -0.57% 2.94%
EURCNY 7.9098 -0.0331 -0.42% 2.16%
AUDCNY 4.7536 -0.0034 -0.07% -1.11%
CNYCAD 0.1936 0.0015 0.79% -0.77%
CNYCHF 0.1350 0.0005 0.38% -6.58%
CNYJPY 15.1101 0.1013 0.68% -3.19%
GBPCNY 8.8029 -0.0329 -0.37% 0.52%
NZDCNY 4.4252 -0.0206 -0.46% -2.36%
CNYHKD 1.0868 0.0059 0.55% -3.83%
CNYSGD 0.1979 0.0003 0.14% -0.05%
CNYINR 10.5984 0.0523 0.50% 5.66%
CNYKRW 172.6903 0.2241 0.13% 0.84%
CNYMXN 3.1081 0.0117 0.38% 9.92%
CNYRUB 9.8370 0.0121 0.12% 4.06%
CNYARS 9.5887 0.0669 0.70% 48.84%
CNYBRL 0.7482 -0.0052 -0.70% 32.32%
CNYDKK 0.9405 0.0021 0.22% -2.44%
CNYZAR 2.4600 0.0208 0.85% 17.03%



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. .