The offshore yuan depreciated past 7.26 per dollar, extending losses from the previous session, as sentiment remained dampened following U.S. President-elect Donald Trump's announcement of plans to impose an additional 10% tariff on all Chinese imports. The announcement heightened concerns over global trade disruptions, as he also intends to impose a 25% tariff on imports from Mexico and Canada. Meanwhile, data revealed that industrial profits in China fell 4.3% year-on-year in October, a deeper drop compared to a 3.5% decline in September, reflecting soft demand, deflationary pressures, and weakness in the property sector. Traders now turn their attention to China's upcoming PMI data for further insights into the country’s economic health and to assess the effectiveness of Beijing’s stimulus efforts.

The USDCNY increased 0.0094 or 0.13% to 7.2669 on Wednesday November 27 from 7.2576 in the previous trading session. 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 November 27 of 2024.

The USDCNY increased 0.0094 or 0.13% to 7.2669 on Wednesday November 27 from 7.2576 in the previous trading session. The Chinese Yuan is expected to trade at 7.21 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.29 in 12 months time.





Crosses Price Day Year Date
USDCNY 7.2677 0.0101 0.14% 1.90% Nov/27
EURCNY 7.6151 0.0025 0.03% -2.90% Nov/27
GBPCNY 9.1364 0.0147 0.16% 0.89% Nov/27
AUDCNY 4.7048 0.0063 0.13% -0.82% Nov/27
NZDCNY 4.2635 0.0389 0.92% -2.31% Nov/27
CNYJPY 20.9550 -0.1396 -0.66% 1.34% Nov/27
CNYARS 138.5966 -0.1661 -0.12% 176.43% Nov/27
CNYCAD 0.1937 0.00002 0.01% 1.84% Nov/27
CNYCHF 0.1219 -0.0003 -0.23% -0.88% Nov/27
CNYDKK 0.9795 -0.0002 -0.02% 3.04% Nov/27
CNYHKD 1.0708 -0.0016 -0.15% -1.60% Nov/27
CNYINR 11.6219 0.0031 0.03% -0.15% Nov/27
CNYKRW 192.3134 -0.2254 -0.12% 6.16% Nov/27
CNYMXN 2.8487 0.0050 0.18% 18.82% Nov/27
CNYRUB 14.5168 -0.0193 -0.13% 16.68% Nov/27
CNYSGD 0.1854 -0.0002 -0.09% -0.71% Nov/27
CNYZAR 2.4980 -0.0091 -0.36% -4.13% Nov/27
CNYBRL 0.8003 0.0003 0.03% 17.02% Nov/26



Related Last Previous Unit Reference
United States Inflation Rate 2.60 2.40 percent Oct 2024
China Inflation Rate 0.30 0.40 percent Oct 2024
China Loan Prime Rate 3.10 3.10 percent Nov 2024
United States Fed Funds Interest Rate 4.75 5.00 percent Nov 2024
United States Unemployment Rate 4.10 4.10 percent Oct 2024
China Unemployment Rate 5.00 5.10 percent Oct 2024


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
7.27 7.26 8.73 1.53 1981 - 2024 Daily