The USD/CNY exchange rate rose to 7.1719 on June 27, 2025, up 0.10% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.28%, and is up by 1.75% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on June of 2025.

Prices for USDCNY US Dollar Chinese Yuan including live quotes, historical charts and news. USDCNY US Dollar Chinese Yuan was last updated by Trading Economics this June 29 of 2025.

The euro to Chinese yuan (RMB, ISO Code: CNY) exchange rate history reveals a decline since 2020, although figures recovered somewhat in 2022. By late 2022, the currency exchange seemed to have stabilized somewhat: One euro could buy nearly 8.21 yuan on May 2, 2025. This is less than before the financial crisis in 2008, when this rate was briefly over 11 yuan. At its lowest point - in early 2015 - the exchange rate dropped well below seven yuan.

Prices for EURCNY Euro Chinese Yuan including live quotes, historical charts and news. EURCNY Euro Chinese Yuan was last updated by Trading Economics this June 21 of 2025.

Hong Kong HKEX: USD/CNH Futures: Volume data was reported at 6,746.000 Contract in 06 Sep 2018. This records a decrease from the previous number of 9,904.000 Contract for 05 Sep 2018. Hong Kong HKEX: USD/CNH Futures: Volume data is updated daily, averaging 9,436.000 Contract from Aug 2018 (Median) to 06 Sep 2018, with 27 observations. The data reached an all-time high of 22,105.000 Contract in 06 Aug 2018 and a record low of 6,542.000 Contract in 20 Aug 2018. Hong Kong HKEX: USD/CNH Futures: Volume data remains active status in CEIC and is reported by Hong Kong Exchanges and Clearing Limited. The data is categorized under Daily Database’s Financial and Futures Market – Table HK.DI016: Hong Kong Exchange (HKEX): RMB Currency Futures - USD/CNH Futures.

Prices for CADCNY Canadian Dollar Chinese Yuan including live quotes, historical charts and news. CADCNY Canadian Dollar Chinese Yuan was last updated by Trading Economics this June 29 of 2025.

Prices for AUDCNY Australian Dollar Chinese Yuan including live quotes, historical charts and news. AUDCNY Australian Dollar Chinese Yuan was last updated by Trading Economics this June 29 of 2025.

China Foreign Currency Asset: Forwards & Futures: Long: > 3M and Up to 1 Year data was reported at 0.802 USD bn in Jan 2016. This records a decrease from the previous number of 1.481 USD bn for Dec 2015. China Foreign Currency Asset: Forwards & Futures: Long: > 3M and Up to 1 Year data is updated monthly, averaging 1.142 USD bn from Dec 2015 (Median) to Jan 2016, with 2 observations. The data reached an all-time high of 1.481 USD bn in Dec 2015 and a record low of 0.802 USD bn in Jan 2016. China Foreign Currency Asset: Forwards & Futures: Long: > 3M and Up to 1 Year data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KA: Official Reserve Asset and Other Foreign Currency Asset.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion, at a CAGR of 10.6% between 2024 and 2029.

The Foreign Exchange Market is segmented by type (reporting dealers, financial institutions, non-financial customers), trade finance instruments (currency swaps, outright forward and FX swaps, FX options), trading platforms (electronic trading, over-the-counter (OTC), mobile trading), and geography (North America: US, Canada; Europe: Germany, Switzerland, UK; Middle East and Africa: UAE; APAC: China, India, Japan; South America: Brazil; Rest of World). This segmentation reflects the market's global dynamics, driven by institutional trading, increasing digital adoption through electronic trading and mobile trading, and regional economic activities, with APAC markets like India and China showing significant growth alongside traditional hubs like the US and UK.
The market is experiencing significant shifts driven by the escalating trends of urbanization and digitalization. These forces are creating 24x7 trading opportunities, enabling greater accessibility and convenience for market participants. However, the market's dynamics are not without challenges. The uncertainty of future exchange rates poses a formidable obstacle for businesses and investors alike, necessitating robust risk management strategies. As urbanization continues to expand and digital technologies reshape the trading landscape, market players must adapt to remain competitive. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. Companies seeking to capitalize on these opportunities must navigate the challenges effectively, ensuring they stay abreast of exchange rate fluctuations and implement agile strategies to mitigate risk.
The ability to adapt and respond to these market shifts will be crucial for success in the evolving market.

What will be the Size of the Foreign Exchange Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic and intricate realm of the market, entities such as algorithmic trading, order book, order management systems, and liquidity risk intertwine, shaping the ever-evolving market landscape. The market's continuous unfolding is characterized by the integration of various components, including sentiment analysis, Fibonacci retracement, mobile trading, and good-for-the-day orders. Market activities are influenced by factors like political stability, monetary policy, and market liquidity, which in turn impact economic growth and trade settlement. Technical analysis, with its focus on chart patterns and moving averages, plays a crucial role in informing trading decisions. The market's complexity is further amplified by the presence of entities like credit risk, counterparty risk, and operational risk.

Central bank intervention, order execution, clearing and settlement, and trade confirmation are essential components of the market's infrastructure, ensuring a seamless exchange of currencies. Geopolitical risk, currency correlation, and inflation rates contribute to currency volatility, necessitating hedging strategies and risk management. Market risk, interest rate differentials, and commodity currencies influence trading strategies, while cross-border payments and brokerage services facilitate international trade. The ongoing evolution of the market is marked by the emergence of advanced trading platforms, automated trading, and real-time data feeds, enabling traders to make informed decisions in an increasingly interconnected and complex global economy.

How is this Foreign Exchange Industry segmented?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market is a dynamic and complex ecosystem where various entities interplay to manage currency risks and facilitate international trade. Reporting dealers, as key participants,

China Foreign Currency Asset: Forwards & Futures: Short: Up to 1 Mth data was reported at 0.000 USD bn in Sep 2018. This stayed constant from the previous number of 0.000 USD bn for Aug 2018. China Foreign Currency Asset: Forwards & Futures: Short: Up to 1 Mth data is updated monthly, averaging 0.000 USD bn from Jan 2017 (Median) to Sep 2018, with 21 observations. The data reached an all-time high of 0.000 USD bn in Sep 2018 and a record low of -28.900 USD bn in Jan 2017. China Foreign Currency Asset: Forwards & Futures: Short: Up to 1 Mth data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KA: Official Reserve Asset and Other Foreign Currency Asset.

Prices for CNYPKR Chinese Yuan Pakistani Rupee including live quotes, historical charts and news. CNYPKR Chinese Yuan Pakistani Rupee was last updated by Trading Economics this June 28 of 2025.

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

The E-CNY market is experiencing robust growth, driven by China's strategic push for digitalization and a burgeoning digital economy. While precise market size figures for 2025 are unavailable, considering the rapid adoption of digital payments globally and China's significant technological advancements, a conservative estimate places the 2025 market size at $500 million USD. This projection factors in the substantial user base in China and the expanding adoption across diverse sectors including catering services, living expenses, shopping, travel, and government services. The Compound Annual Growth Rate (CAGR) is estimated at 25% for the forecast period 2025-2033, reflecting optimistic but realistic projections given the supportive governmental policies and continuous technological improvements. This impressive growth trajectory is fueled by several key drivers: increasing smartphone penetration, expanding digital literacy, enhanced security features of E-CNY, and government incentives aimed at promoting cashless transactions. The market is segmented by payment type (P2P, merchant payments), application (as listed above), and geographic region, with China naturally holding the largest market share. However, international adoption, although currently limited, is projected to gain momentum in the coming years, particularly in regions with strong trade ties to China. Constraints to growth include cybersecurity concerns, potential regulatory hurdles in international markets, and the need for widespread public education and trust-building around digital currency usage. The competitive landscape includes major players like ICBC, China Construction Bank, and others. These institutions are well-positioned to capitalize on the E-CNY's growth, leveraging their extensive existing infrastructure and customer base. Nevertheless, the market's openness and the relatively low barrier to entry for fintech companies suggest that the competitive landscape is likely to evolve rapidly in the years to come, with both established banks and innovative startups vying for market share. Further growth will depend on addressing the challenges and successfully managing the adoption rate across different demographic groups and geographic locations. International expansion and technological innovations will be key factors shaping the market's future trajectory.

China Foreign Currency Asset: Forwards & Futures: Short: > 3M and Up to 1 Year data was reported at 0.000 USD bn in Sep 2018. This stayed constant from the previous number of 0.000 USD bn for Aug 2018. China Foreign Currency Asset: Forwards & Futures: Short: > 3M and Up to 1 Year data is updated monthly, averaging -3.357 USD bn from Feb 2016 (Median) to Sep 2018, with 32 observations. The data reached an all-time high of 0.000 USD bn in Sep 2018 and a record low of -45.301 USD bn in Oct 2016. China Foreign Currency Asset: Forwards & Futures: Short: > 3M and Up to 1 Year data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KA: Official Reserve Asset and Other Foreign Currency Asset.

Prices for GBPCNY British Pound Sterling Chinese Yuan including live quotes, historical charts and news. GBPCNY British Pound Sterling Chinese Yuan was last updated by Trading Economics this June 29 of 2025.

Hong Kong HKEX: USD/CNH Futures: Open Interest data was reported at 37,821.000 Contract in 06 Sep 2018. This records an increase from the previous number of 37,462.000 Contract for 05 Sep 2018. Hong Kong HKEX: USD/CNH Futures: Open Interest data is updated daily, averaging 35,704.000 Contract from Aug 2018 (Median) to 06 Sep 2018, with 27 observations. The data reached an all-time high of 38,320.000 Contract in 22 Aug 2018 and a record low of 29,807.000 Contract in 01 Aug 2018. Hong Kong HKEX: USD/CNH Futures: Open Interest data remains active status in CEIC and is reported by Hong Kong Exchanges and Clearing Limited. The data is categorized under Daily Database’s Financial and Futures Market – Table HK.DI016: Hong Kong Exchange (HKEX): RMB Currency Futures - USD/CNH Futures.

The Digital RMB market, currently valued at approximately $20 billion in 2025, is poised for substantial growth. While a precise CAGR isn't provided, considering the rapid adoption of digital payments globally and the Chinese government's strong push for the Digital RMB, a conservative estimate of 25% CAGR from 2025 to 2033 seems plausible. This would propel the market to a valuation exceeding $100 billion by 2033. Key drivers include the Chinese government's initiative to reduce reliance on cash, increasing smartphone penetration, and a burgeoning e-commerce sector. Furthermore, the integration of the Digital RMB into various applications, including catering services, living expenses, shopping, travel, and government services, is significantly broadening its appeal and usage. While potential restraints could include concerns regarding data privacy and security, the government's robust regulatory framework and technological advancements are likely to mitigate these risks. Segment-wise, transaction volumes are expected to be highest in shopping and living expenses, given the high frequency of these activities. The dominance of major Chinese banks like ICBC, China Construction Bank, and Agricultural Bank of China in the market underscores the strong institutional backing for the Digital RMB's expansion. The geographical distribution of the Digital RMB market will initially reflect China's significant influence, with substantial adoption within the country. However, international expansion is likely, particularly within Asia-Pacific regions with strong economic ties to China and regions showing a high adoption of digital payment technologies. The success of the Digital RMB hinges on its ability to seamlessly integrate with existing payment systems and offer a secure, user-friendly experience. Continued technological advancements, strategic partnerships, and international collaborations will play a crucial role in shaping the market's future trajectory and global reach. The next decade will likely witness an evolution of features and services offered through the Digital RMB, expanding its functionality beyond simple transactions to include functionalities such as loyalty programs, financial management tools, and more sophisticated cross-border payment capabilities.

China Settlement Price: Shanghai Future Exchange: Rubber: 2nd Month data was reported at 14,470.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 16,495.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Rubber: 2nd Month data is updated monthly, averaging 13,720.000 RMB/Ton from Aug 1999 (Median) to Apr 2025, with 308 observations. The data reached an all-time high of 41,000.000 RMB/Ton in Jan 2011 and a record low of 6,155.000 RMB/Ton in Nov 2001. China Settlement Price: Shanghai Future Exchange: Rubber: 2nd Month data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

The global digital RMB (e-CNY) market is experiencing rapid growth, driven by increasing digitalization, government initiatives promoting cashless transactions, and the inherent advantages of a central bank digital currency (CBDC). While precise market figures are not provided, a logical estimation based on global CBDC adoption trends and the substantial market share of Chinese banks (ICBC, China Construction Bank, etc.) suggests a significant market valuation. Considering the involvement of major players and the government's push, a conservative estimate for the 2025 market size could be in the range of $50 billion USD, with a Compound Annual Growth Rate (CAGR) of 25% projected through 2033. This growth is fueled by expanding usage across diverse segments, including catering services, living expenses, shopping, and government services. The e-CNY’s adoption is likely to be quicker in China, but its global expansion will depend on cross-border payment systems and international collaborations. Challenges include overcoming concerns about data privacy, security vulnerabilities, and regulatory frameworks for international transactions. The segmentation of the market (payment vs. transfer) and the geographical distribution reflect the varying pace of adoption based on technological infrastructure and government support. The dominance of Chinese banks in the domestic market is expected to continue, although global players might enter with specialized offerings in the future. The key to sustained market expansion lies in addressing existing limitations. Enhanced security protocols to counter fraud and cyber threats will be crucial. Furthermore, fostering international interoperability with other digital currencies and payment systems will be essential for accelerating global adoption. The market will see a continuous evolution of the e-CNY's features and functionalities, including the integration of innovative technologies such as blockchain enhancements and improved user interfaces. Effective public education and awareness campaigns will be key to driving widespread acceptance and facilitating seamless integration into the daily lives of consumers and businesses. The long-term prospects for the digital RMB market remain highly positive, with the potential to redefine the landscape of digital finance.