The Chinese Yuan lost 0.01584 points or 0.25% to 6.46367 against the US Dollar on Monday after the onshore rate was set at 6.4623. Traders continued to follow reports that China's short-term money rates remained elevated, despite the PBoC pumping CNY 98 billion on Monday after draining a total of CNY 216.5 billion from the financial system in January. On the data front, The official NBS Manufacturing PMI for China fell to 51.3 in January, the weakest growth in factory activity since August, while the official NBS Non-Manufacturing PMI dropped to a ten-month low of 52.4 as the economy struggled to contain a fresh wave of COVID-19 cases in some parts of the country ahead of the Lunar New Year festival.

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 6.49 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.56 in 12 months time.

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Chinese Yuan

Majors Price Day Year
EURUSD 1.2084 -0.0054 -0.44% 8.97%
GBPUSD 1.3690 -0.0008 -0.06% 3.85%
AUDUSD 0.7632 -0.0005 -0.07% 13.99%
NZDUSD 0.7176 -0.0006 -0.08% 11.09%
USDJPY 104.9410 0.2310 0.22% -3.18%
USDCNY 6.4772 0.0299 0.46% -7.65%
USDCHF 0.8958 0.0051 0.57% -7.25%
USDCAD 1.2808 0.0028 0.22% -3.66%
USDMXN 20.3155 -0.2714 -1.32% 7.90%
USDINR 73.1220 0.2450 0.34% 2.53%
USDBRL 5.4515 -0.0110 -0.20% 28.34%
USDRUB 75.8297 0.1773 0.23% 18.98%
DXY 90.8684 0.2844 0.31% -6.68%
USDKRW 1,116.4010 0.4110 0.04% -6.44%
USDZAR 15.0599 -0.0976 -0.64% 1.30%
USDSGD 1.3321 0.0036 0.27% -2.72%
USDHKD 7.7528 -0.0003 0% -0.17%
Crosses Price Day Year
USDCNY 6.4772 0.0299 0.46% -7.65%
EURCNY 7.8273 0.0023 0.03% 0.85%
GBPCNY 8.8683 0.0337 0.38% -2.72%
AUDCNY 4.9437 0.0159 0.32% 5.33%
NZDCNY 4.6428 0.0124 0.27% 2.47%
CNYJPY 16.2063 -0.0347 -0.21% 4.65%
CNYARS 13.5406 0.0771 0.57% 57.48%
CNYBRL 0.8473 0.0066 0.78% 39.49%
CNYCAD 0.1977 -0.0005 -0.25% 4.31%
CNYCHF 0.1382 0.0001 0.05% 0.39%
CNYDKK 0.9513 0.0009 0.10% -1.22%
CNYHKD 1.1974 -0.0051 -0.43% 8.14%
CNYINR 11.2929 -0.0106 -0.09% 11.06%
CNYKRW 172.4885 -0.6064 -0.35% 1.39%
CNYMXN 3.1318 -0.0613 -1.92% 16.67%
CNYRUB 11.6951 -0.0389 -0.33% 28.70%
CNYSGD 0.2058 -0.0003 -0.14% 5.39%
CNYZAR 2.3264 -0.0246 -1.05% 9.75%



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. .