The Chinese Yuan added 0.0075 points or 0.12% to 6.42099 against the US Dollar on Thursday after the onshore rate was set at 6.4391. Investors remained optimistic as most Asian markets remained closed for the Lunar New Year, after local data revealed a continued economic recovery, with factory gate prices rising yoy in January for the first time in 12-months, while the consumer price index unexpectedly dropped by 0.3% yoy. Earlier in the week, the PBoC pledged to keep monetary policy flexible and precise, prioritising stability and avoiding sharp changes in its decisions according a quarterly report published by the bank. Meantime in the US, fresh data showed that the inflation rate rose less than expected, easing concerns that it would pick up too fast with the new fiscal stimulus but also raising questions about a slow pace of recovery.

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 February of 2021.

The Chinese Yuan is expected to trade at 6.45 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.52 in 12 months time.

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Chinese Yuan

Majors Price Day Year
EURUSD 1.2135 0.0017 0.14% 11.63%
GBPUSD 1.3833 0.0002 0.01% 6.79%
AUDUSD 0.7754 0.0032 0.42% 15.12%
NZDUSD 0.7235 0.0021 0.29% 11.97%
USDJPY 104.6960 0.0580 0.06% -4.88%
USDCNY 6.4193 -0.0094 -0.15% -7.97%
USDCHF 0.8900 -0.0004 -0.04% -9.05%
USDCAD 1.2670 -0.0028 -0.22% -4.40%
USDMXN 19.9371 -0.0940 -0.47% 7.07%
USDINR 72.7840 -0.0060 -0.01% 2.10%
USDBRL 5.3538 -0.0322 -0.60% 22.94%
USDRUB 73.6858 -0.1345 -0.18% 16.54%
DXY 90.3442 -0.0268 -0.03% -8.79%
USDKRW 1,104.0000 0.2490 0.02% -6.52%
USDZAR 14.6337 -0.1117 -0.76% -1.45%
USDSGD 1.3243 -0.0023 -0.18% -4.52%
USDHKD 7.7526 0.0004 0% -0.23%
Crosses Price Day Year
USDCNY 6.4193 -0.0094 -0.15% -7.97%
EURCNY 7.7900 -0.0013 -0.02% 2.74%
GBPCNY 8.8792 -0.0122 -0.14% -1.72%
AUDCNY 4.9782 0.0141 0.28% 5.97%
NZDCNY 4.6441 0.0061 0.13% 3.04%
CNYJPY 16.3035 0.0269 0.17% 3.32%
CNYARS 13.7583 0.0138 0.10% 57.21%
CNYBRL 0.8378 -0.0001 -0.01% 34.78%
CNYCAD 0.1974 -0.0001 -0.06% 3.89%
CNYCHF 0.1386 0.0001 0.09% -1.18%
CNYDKK 0.9551 0.0004 0.04% -3.08%
CNYHKD 1.2074 0.0016 0.13% 8.39%
CNYINR 11.3402 0.0177 0.16% 10.95%
CNYKRW 171.9136 0.2238 0.13% 1.54%
CNYMXN 3.1066 -0.0093 -0.30% 16.37%
CNYRUB 11.4856 0.0027 0.02% 26.71%
CNYSGD 0.2063 -0.0001 -0.04% 3.74%
CNYZAR 2.2827 -0.0110 -0.48% 7.23%



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. .