The USD/CNY exchange rate fell to 7.1922 on August 1, 2025, down 0.25% from the previous session. Over the past month, the Chinese Yuan has weakened 0.43%, and is down by 0.45% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on August of 2025.

In April 2025, the exchange rate of yuan to U.S. dollar was ****. In the past decades, the yuan has undergone a slow liberalization, being increasingly exposed to the international money market. FOREX history of the Renminbi After the Communist Party took control over China, it introduced a unified currency which has since then undergone many changes. During the planned economy, the yuan had a fixed exchange rate. At the time, the currency’s exchange rate was deliberately set high to support the industrial development, which relied on imports. After the country committed to opening its economy, the Renminbi was gradually exposed to the supply and demand of the global FOREX markets. Until 2005, the yuan remained pegged to the U.S. dollar. Currency manipulator, or not? As China manifested its role in the global economy, the country was repeatedly accused of manipulating the value of its currency. Especially, voices from the United States claimed that Beijing would intentionally keep the value of the yuan low. A cheap Renminbi would make products from China more attractive for foreign buyers which in turn would support the country’s export-driven economy. However, currency manipulation is difficult to make out and even harder to prove, which is why no significant actions have been taken.

Graph and download economic data for Chinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate (EXCHUS) from Jan 1981 to Jun 2025 about China, exchange rate, currency, rate, and USA.

Key information about China Exchange Rate against USD

• China Exchange Rate against USD averaged 6.985 (USD/RMB) in May 2023, compared with 6.888 USD/RMB in the previous month.
• China Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 8.725 in Apr 1994 and a record low of 1.452 in Jul 1980.

CEIC extends history for monthly average Exchange Rate against USD. Federal Reserve Board provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1981 is sourced from the International Monetary Fund.


Key information about China Exchange Rate against USD

• In the latest reports, China Short Term Interest Rate: Month End: SHIBOR: 3 Months was reported at 2.219 % pa in May 2023.
• Its Long Term Interest Rate (Treasury Bond Yield: Interbank: Spot Yield: 10 year) was reported at 2.706 % pa in May 2023.
• The cash rate (Policy Rate: Month End: China: Rediscount Rate) was set at 2.650 % pa in Jun 2023.

In 2024, China’s monetary authority, the People’s Bank of China, issued more than ** trillion yuan which was the highest amount issued in one year so far. Over the past years, the value of printed money increased steadily. The issuing of currency was one function of a central bank. Maintaining price stability One of the main policy objectives of the People’s Bank of China was to maintain price stability. Typically, countries set the desired inflation target and the central bank implements the necessary policies to achieve the said target. Usually, China keeps its inflation target at around ***** percent, but in 2021, the inflation rate dropped to under *** percent. If the inflation rate is too low, central banks can issue more currency and decrease the interest rate. In the opposite scenario, if the inflation rate is too high central banks try to reduce the amount of money in circulation by increasing the interest rate or decreasing bond prices. Managing the economy In capitalist market economies, economies usually undergo a boom and bust cycle. Central banks attempt to counteract this cyclical development to soften the impact for its citizens. For instance, the Chinese government aims to maintain an unemployment rate of around **** percent. However, crises such as the 2008 financial crisis and the outbreak of COVID-19 have an unforeseen impact on the economy. To lower the employment rate, the People’s Bank engaged specific monetary policies to stimulate the economy with the aim of increasing job creation.

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 June 2025, the currency exchange seemed to have stabilized somewhat: One euro could buy nearly 8.32 yuan on July 29, 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.

china - Chinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate was 7.29680 Chinese Yuan to 1 U.S. $ in April of 2025, according to the United States Federal Reserve. Historically, china - Chinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate reached a record high of 7.30710 in October of 2023 and a record low of 6.34360 in February of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for china - Chinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate - last updated from the United States Federal Reserve on July of 2025.

China Exchange Rate: National Currency per USD data was reported at 7.233 USD/RMB in 2026. This stayed constant from the previous number of 7.233 USD/RMB for 2025. China Exchange Rate: National Currency per USD data is updated yearly, averaging 6.769 USD/RMB from Dec 1982 (Median) to 2026, with 45 observations. The data reached an all-time high of 8.640 USD/RMB in 1994 and a record low of 1.893 USD/RMB in 1982. China Exchange Rate: National Currency per USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: Exchange Rate: Forecast: Non OECD Member: Annual. EXCHUD - Exchange rate, national currency per USD

Money supply, billion currency units in China, April, 2025 The most recent value is 325173.93 billion Chinese Renminbi as of April 2025, a decline compared to the previous value of 326055.46 billion Chinese Renminbi. Historically, the average for China from January 2004 to April 2025 is 135445.07 billion Chinese Renminbi. The minimum of 22510.19 billion Chinese Renminbi was recorded in January 2004, while the maximum of 326055.46 billion Chinese Renminbi was reached in March 2025. | TheGlobalEconomy.com

China Purchasing Power Parity: National Currency per USD data was reported at 3.432 USD/RMB in 2026. This records a decrease from the previous number of 3.466 USD/RMB for 2025. China Purchasing Power Parity: National Currency per USD data is updated yearly, averaging 2.859 USD/RMB from Dec 1982 (Median) to 2026, with 45 observations. The data reached an all-time high of 4.094 USD/RMB in 2018 and a record low of 1.329 USD/RMB in 1983. China Purchasing Power Parity: National Currency per USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: Exchange Rate: Forecast: Non OECD Member: Annual. PPP - Purchasing power parity, national currency per USD

The benchmark interest rate in China was last recorded at 3 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

China Property Price: 36 City Avg: Lowest data was reported at 6,045.000 RMB/sq m in Jun 2010. This records an increase from the previous number of 5,763.000 RMB/sq m for May 2010. China Property Price: 36 City Avg: Lowest data is updated monthly, averaging 5,765.500 RMB/sq m from Jan 2010 (Median) to Jun 2010, with 6 observations. The data reached an all-time high of 6,045.000 RMB/sq m in Jun 2010 and a record low of 5,429.000 RMB/sq m in Jan 2010. China Property Price: 36 City Avg: Lowest data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PD: Price Monitoring Center, NDRC: Property Price: 36 Cities: Monthly.

In 2024, the average annual per capita disposable income of households in China amounted to approximately 41,300 yuan. Annual per capita income in Chinese saw a significant rise over the last decades and is still rising at a high pace. During the last ten years, per capita disposable income roughly doubled in China. Income distribution in China As an emerging economy, China faces a large number of development challenges, one of the most pressing issues being income inequality. The income gap between rural and urban areas has been stirring social unrest in China and poses a serious threat to the dogma of a “harmonious society” proclaimed by the communist party. In contrast to the disposable income of urban households, which reached around 54,200 yuan in 2024, that of rural households only amounted to around 23,100 yuan. Coinciding with the urban-rural income gap, income disparities between coastal and western regions in China have become apparent. As of 2023, households in Shanghai and Beijing displayed the highest average annual income of around 84,800 and 81,900 yuan respectively, followed by Zhejiang province with 63,800 yuan. Gansu, a province located in the West of China, had the lowest average annual per capita household income in China with merely 25,000 yuan. Income inequality in China The Gini coefficient is the most commonly used measure of income inequality. For China, the official Gini coefficient also indicates the astonishing inequality of income distribution in the country. Although the Gini coefficient has dropped from its high in 2008 at 49.1 points, it still ranged at a score of 46.5 points in 2023. The United Nations have set an index value of 40 as a warning level for serious inequality in a society.

As of the beginning of November 2019, experts from industries covered by the ETS in China estimated that the average lowest price in the pilot markets was going to be ** yuan per ton of carbon dioxide by 2025, and the highest price in the pilot markets was going to be *** yuan per ton of carbon dioxide by the same year. The forecasted lowest price in the pilot markets in China in 2020 was ** yuan per ton of carbon dioxide.

As of May 2020, more than two-thirds of China's lower-tier market consumers owned a mobile device that cost less than 2,000 yuan, while only 5.2 percent of them had mobile phones worth more than 10,000 yuan. OPPO, Huawei, and Vivo ranked as the most popular mobile phone brands among China's lower-tier consumers.

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.

In 2024, the average annual inflation rate in China ranged at around 0.2 percent compared to the previous year. For 2025, projections by the IMF expect slightly negative inflation. The monthly inflation rate in China dropped to negative values in the first quarter of 2025. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.

In 2024, the recycling value in China amounted to around *** trillion yuan, a slight increase compared to the previous year. The largest share of recycled materials was scrap metal because of the high demand and the simplicity of the recycling process. In contrast, the volume of recycling batteries was the lowest among all leading recyclables.

As the largest component of China’s cosmetics industry, the skin care market recorded a retail sales value of *** billion yuan in 2023. It was expected to maintain its momentum, reaching a value of approximately ***** billion yuan in 2028. Market overview China’s skincare retail sales are concentrated in the low-end market, with products priced under 200 yuan accounting for nearly ** percent of the total sales value. Creams and moisturizers have long held dominance, while anti-aging has become the most appealing effect of skincare products. Over the past decades, Chinese consumers have become more rational in selecting skincare products: most of them pay great attention to the products’ suitability, quality, and safety and are less brand conscious. Douyin redefined the landscape of the skincare market The significance of online retail in the skincare market has progressively heightened, with the number of users in the skincare segment of e-commerce markets continuously growing. In 2023, Douyin emerged as the fastest growing marketplace for skincare products, contrasted with the decline witnessed by comprehensive e-commerce platforms in their skincare sales. The strategic adoption of Douyin by small domestic brands has propelled them to surpass expectations, highlighting a clear competitive advantage, particularly in market access and new product launches.

China Trade Balance: RMB data was reported at 736,723.788 RMB mn in Mar 2025. This records an increase from the previous number of 228,195.784 RMB mn for Feb 2025. China Trade Balance: RMB data is updated monthly, averaging 286,000.000 RMB mn from Jan 2012 (Median) to Mar 2025, with 159 observations. The data reached an all-time high of 996,501.829 RMB mn in Jan 2025 and a record low of -426,985.707 RMB mn in Feb 2020. China Trade Balance: RMB data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: RMB: Trade: Value.