The USDCNY increased 0.0137 or 0.19% to 7.2796 on Wednesday March 26 from 7.2658 in the previous trading session. Chinese Yuan - values, historical data, forecasts and news - updated on March of 2025.

Graph and download economic data for Chinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate (DEXCHUS) from 1981-01-02 to 2025-03-21 about China, exchange rate, currency, rate, and USA.

Long term historical dataset of the daily U.S. Dollar - Chinese Yuan (USDCNY) exchange rate back to 1981.

Prices for CNYUSD Chinese Yuan US Dollar including live quotes, historical charts and news. CNYUSD Chinese Yuan US Dollar was last updated by Trading Economics this March 27 of 2025.

Historical price and volatility data for Rai Reflex Index in Chinese Yuan Renminbi across different time periods.

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 7.84 yuan on March 25, 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.

Historical price and volatility data for Index Cooperative in Chinese Yuan Renminbi across different time periods.

Key information about China Real Effective Exchange Rate

• China Real Effective Exchange Rate (REER: 2005=100: Month Avg: China) was 135.9 in Jan 2025, compared with the number of 135.3 in the previous month.
• China Real Effective Exchange Rate data is updated monthly and averaged 157.3 from Jan 1994 to Jan 2025.
• The data reached an all-time high of 157.3 in Mar 2022 and a record low of 78.1 in Jan 1994.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. Bank for International Settlements provides Real Effective Exchange Rate Index with base 2020=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about China Real Effective Exchange Rate

• In the latest reports, China Short Term Interest Rate: Month End: SHIBOR: 3 Months was reported at 1.7 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: China: Rediscount Rate) was set at 2.6 % pa in Jun 2023.
• China Exchange Rate against USD averaged 7.2 (USD/RMB) in Jun 2023.

Graph and download economic data for Real Broad Effective Exchange Rate for China (RBCNBIS) from Jan 1994 to Feb 2025 about broad, China, exchange rate, currency, real, and rate.

China RMB Exchange Rate Index: BIS Currency Basket data was reported at 106.200 31Dec2014=100 in Feb 2025. This records a decrease from the previous number of 106.790 31Dec2014=100 for Jan 2025. China RMB Exchange Rate Index: BIS Currency Basket data is updated monthly, averaging 100.000 31Dec2014=100 from Dec 2014 (Median) to Feb 2025, with 113 observations. The data reached an all-time high of 108.560 31Dec2014=100 in Mar 2022 and a record low of 93.320 31Dec2014=100 in May 2017. China RMB Exchange Rate Index: BIS Currency Basket data remains active status in CEIC and is reported by China Foreign Exchange Trading Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MD: Exchange Rate Index. Currency Weights since 01/01/2024 BIS EUR : 0.18506899736444400 USD : 0.18460122883316000 JPY : 0.11524565521951400 KRW : 0.08826950625282160 TWD : 0.06197823594867210 SGD : 0.02891000823008740 INR : 0.02753475576382290 GBP : 0.02680017251614000 MXN : 0.02519890772334000 THB : 0.02243524472198920 MYR : 0.02176131047080000 CAD : 0.01774031956543750 RUB : 0.01653342735462010 IDR : 0.01634576124155300 AUD : 0.01427201223607910 CHF : 0.01424590574901120 BRL : 0.01163089853033020 PLN : 0.01078005145716840 PHP : 0.01027074142357220 AED : 0.00960274997999030 SAR : 0.00934302657628649 HKD : 0.00905640391721785 CZK : 0.00836370682892495 TRY : 0.00800686570123551 SEK : 0.00748915539437303 CLP : 0.00730337228039542 ZAR : 0.00516753668762861 ILS : 0.00481173517364552 HUF : 0.00459649157649469 DKK : 0.00374951341574010 ARS : 0.00331598622109641 RON : 0.00304192411066358 PEN : 0.00298861251706126 NOK : 0.00290881879419636 COP : 0.00264287761527517 NZD : 0.00230881154581832 DZD : 0.00168987056290650 MAD : 0.00146353317305423 BGN : 0.00109970356377824 RSD : 0.00071647923159483 BAM : 0.00027815925029962 MKD : 0.00024645314347687 ISK : 0.00018507213628403 Currency Weights BIS: USD/CNY 0.178 EUR/CNY 0.187 JPY/CNY 0.141 HKD/CNY 0.008 GBP/CNY 0.029 AUD/CNY 0.015 NZD/CNY 0.002 SGD/CNY 0.027 CHF/CNY 0.014 CAD/CNY 0.021 CNY/MYR 0.022 CNY/RUB 0.018 CNY/THB 0.021 2 CNY/AED 0.007 CNY/ARS 0.004 CNY/BGN 0.001 CNY/BRL 0.014 CNY/CLP 0.009 CNY/COP 0.003 CNY/CZK 0.007 CNY/DKK 0.004 CNY/DZD 0.001 CNY/HRK 0.001 CNY/HUF 0.004 CNY/IDR 0.013 CNY/ILS 0.004 CNY/INR 0.022 CNY/KRW 0.085 CNY/MXN 0.023 CNY/NOK 0.004 CNY/PEN 0.003 CNY/PHP 0.007 CNY/PLN 0.009 CNY/RON 0.002 CNY/SAR 0.01 CNY/SEK 0.008 CNY/TRY 0.008 CNY/TWD 0.056 CNY/VEF 0.002 CNY/ZAR 0.006

Historical price and volatility data for OSOL AI Index in Chinese Yuan Renminbi across different time periods.

China RMB Exchange Rate Index: CFETS Currency Basket data was reported at 99.900 31Dec2014=100 in Feb 2025. This records a decrease from the previous number of 100.700 31Dec2014=100 for Jan 2025. China RMB Exchange Rate Index: CFETS Currency Basket data is updated monthly, averaging 96.780 31Dec2014=100 from Dec 2014 (Median) to Feb 2025, with 113 observations. The data reached an all-time high of 104.410 31Dec2014=100 in Feb 2022 and a record low of 91.000 31Dec2014=100 in Oct 2019. China RMB Exchange Rate Index: CFETS Currency Basket data remains active status in CEIC and is reported by China Foreign Exchange Trading Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MD: Exchange Rate Index. Currency Weights since 01/01/2025 CFETS: USD : 0.18903 EUR : 0.17902 JPY : 0.08584 KRW : 0.08368 AUD : 0.05947 MYR : 0.05118 RUB : 0.04904 HKD: 0.03469 THB : 0.03430 SGD : 0.02968 SAR : 0.02824 GBP : 0.02705 MXN : 0.02603 AED : 0.02465 CAD : 0.02402 CHF : 0.01551 ZAR : 0.01442 PLN : 0.01129 TRY : 0.01124 NZD : 0.00570 SEK : 0.00508 HUF : 0.00397 DKK : 0.00373 NOK : 0.00207 MOP : 0.00107 Currency Weights since 01/01/2024 CFETS: USD : 0.19460 EUR : 0.18079 KRW : 0.09045 JPY : 0.08963 AUD : 0.05478 MYR : 0.05105 RUB : 0.04603 THB : 0.03411 HKD : 0.02977 SGD : 0.02956 SAR : 0.02789 GBP : 0.02657 MXN : 0.02448 CAD : 0.02433 AED : 0.02393 ZAR : 0.01418 CHF : 0.01404 PLN : 0.01119 TRY : 0.00997 NZD : 0.00623 SEK : 0.00518 DKK : 0.00403 HUF : 0.00395 NOK : 0.00326 Currency Weights since 01/01/2020 CFETS: USD : 0.2159 EUR : 0.174 JPY : 0.1116 HKD : 0.0357 GBP : 0.0275 AUD : 0.052 NZD : 0.0057 SGD : 0.0282 CHF : 0.0144 CAD : 0.0217 MYR : 0.037 RUB : 0.0365 THB : 0.0298 ZAR : 0.0148 KRW : 0.1068 AED : 0.0157 SAR : 0.0216 HUF : 0.0037 PLN : 0.0084 DKK : 0.004 SEK : 0.0058 NOK : 0.0021 TRY : 0.0073 MXN : 0.0198 Currency Weights since 01/01/2017 CFETS: USD : 0.224 EUR : 0.1634 JPY : 0.1153 HKD : 0.0428 GBP : 0.0316 AUD : 0.044 NZD : 0.0044 SGD : 0.0321 CHF : 0.0171 CAD : 0.0215 MYR : 0.0375 RUB : 0.0263 THB : 0.0291 ZAR : 0.0178 KRW : 0.1077 AED : 0.0187 SAR : 0.0199 HUF : 0.0031 PLN : 0.0066 DKK : 0.004 SEK : 0.0052 NOK : 0.0027 TRY : 0.0083 MXN : 0.0169 Currency Weights since 31/12/2014 CFETS: USD/CNY : 0.264 EUR/CNY : 0.2139 JPY/CNY : 0.1468 HKD/CNY : 0.0655 GBP/CNY : 0.0386 AUD/CNY : 0.0627 NZD/CNY : 0.0065 SGD/CNY : 0.0382 CHF/CNY : 0.0151 CAD/CNY : 0.0253 CNY/MYR : 0.0467 CNY/RUB : 0.0436 CNY/THB : 0.0333

In 2023, China’s monetary authority, the People’s Bank of China, issued more than 11.9 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 three percent, but in 2021, the inflation rate dropped to under one 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 four percent. However, crises such as the 2008 financial crisis and the outbreak of COVID-19 have an unforseen 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.

As of January 2025, the SSE Composite Index had closed at 3,250.6 points. The index reflects the performance of all stocks traded on the Shanghai Stock Exchange, including both boards, the main board, and the Star market. SSE still number one In the greater Chinese region, the stock exchange in Shanghai was the largest, beating the bourses in Shenzhen, Hong Kong, and Taiwan. In 2023, the Shanghai Stock Exchange recorded a market capitalization of over 6.5 trillion. Not only market capitalization was a unique attribute, but the Shanghai Stock Exchange was also home to the most valuable stock in mainland China, which was the baijiu producer Moutai Kweichow. Limited access Despite its size, the exchange in Shanghai only grants limited access to overseas investors. The bourse listed A-shares and B-shares. While A-shares are denominated in yuan and almost exclusively available for domestic traders, the prices of B-shares are in U.S. dollars and available for overseas investors as well. In addition, the bourse offers access to foreign investors through a trading accreditation which is supervised by the Chinese authorities. However, these tight controls are the reason why Hong Kong, despite its lower relative market capitalization, remains an important gateway to capital for mainland Chinese companies.

Historical price and volatility data for Chinese Yuan Renminbi in Index Cooperative across different time periods.

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.

The main stock market index in China (SHANGHAI) increased 22 points or 0.66% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. China Shanghai Composite Stock Market Index - values, historical data, forecasts and news - updated on March of 2025.

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 March 26 of 2025.

Historical price and volatility data for Chinese Yuan Renminbi in Index Cooperative across different time periods.

Graph and download economic data for Japanese Yen to U.S. Dollar Spot Exchange Rate (DEXJPUS) from 1971-01-04 to 2025-03-21 about Japan, exchange rate, currency, rate, and USA.