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.

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

In February 2025, the exchange rate of yuan to U.S. dollar was 7.17. 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.

In November 2023, 80 percent of global yuan transactions had been cleared in Hong Kong. The proximity of the city to mainland China made it predestined to be the largest market for yuan in the world. Since many Chinese and international investors funneled their investors through Hong Kong, the demand for yuan was very high.

International transactions

The most common international transactions is the transfer of money. In total, the value of global payment revenues reached almost two trillion U.S. dollars. To complete a transaction, both parties have to agree on a currency, which is in most cases the U.S. dollar, making the U.S. currency somewhat of a global currency. This position as a global currency has many political and strategic advantages.

Internationalization of the yuan

The Chinese government strives to challenge the U.S. dollar’s role in global trade. Since all countries who want to trade internationally need to buy U.S. dollars, nations are very dependent on the United States to maintain a steady reserve of U.S. dollars. China’s foreign currency reserves amounted to over three trillion U.S. dollars. To enhance its independence and ability to project its financial assets, China wants to increase the role of the yuan in global trade. One way to achieve this goal is to establish clearinghouses abroad. For instance, London has became the largest market for yuan outside the Greater China region.

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.

The number of high-value devices increased significantly in cancer hospitals in China since 2010, meeting the need for better care from a surging number of patients. In 2020, the equipment with values exceeding 10,000 yuan in Chinese cancer hospitals had a total financial worth of 35.79 billion yuan, representing an increase of more than 400 percent since 2010.

China Import: RMB: CIF data was reported at 1,657,024.467 RMB mn in Dec 2024. This records an increase from the previous number of 1,527,899.243 RMB mn for Nov 2024. China Import: RMB: CIF data is updated monthly, averaging 1,132,271.341 RMB mn from Jan 2012 (Median) to Dec 2024, with 156 observations. The data reached an all-time high of 1,657,024.467 RMB mn in Dec 2024 and a record low of 612,438.072 RMB mn in Feb 2016. China Import: RMB: CIF 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.

Historical price and volatility data for Chinese Yuan Renminbi in Value Interlocking exchange 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.

• 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.

Forecast: Turnover of Wholesale of Commodity Exchange Markets of Transaction Value over 100 Million Yuan in China 2024 - 2028 Discover more data with ReportLinker!

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.

China Export: RMB: YoY data was reported at 10.900 % in Dec 2024. This records an increase from the previous number of 5.800 % for Nov 2024. China Export: RMB: YoY data is updated monthly, averaging 6.200 % from Jan 2014 (Median) to Dec 2024, with 132 observations. The data reached an all-time high of 139.500 % in Feb 2021 and a record low of -39.800 % in Feb 2020. China Export: RMB: YoY 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.

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

China Trade Balance: RMB: Year to Date data was reported at 1,226,063.794 RMB mn in Feb 2025. This records an increase from the previous number of 997,868.953 RMB mn for Jan 2025. China Trade Balance: RMB: Year to Date data is updated monthly, averaging 1,259,903.853 RMB mn from Jan 2012 (Median) to Feb 2025, with 158 observations. The data reached an all-time high of 7,059,841.204 RMB mn in Dec 2024 and a record low of -44,085.666 RMB mn in Feb 2020. China Trade Balance: RMB: Year to Date 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.

Historical price and volatility data for Chinese Yuan Renminbi in Universal Store of Value across different time periods.

China Logistics Industry: Logistics Value: Consumer Good data was reported at 13,900.000 RMB bn in 2024. This records an increase from the previous number of 13,000.000 RMB bn for 2023. China Logistics Industry: Logistics Value: Consumer Good data is updated yearly, averaging 94.750 RMB bn from Dec 1991 (Median) to 2024, with 34 observations. The data reached an all-time high of 13,900.000 RMB bn in 2024 and a record low of 2.700 RMB bn in 1991. China Logistics Industry: Logistics Value: Consumer Good data remains active status in CEIC and is reported by China Federation of Logistics & Purchasing. The data is categorized under China Premium Database’s Transportation and Storage Sector – Table CN.TL: Logistics Value.

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

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

Historical price and volatility data for Value Interlocking exchange in Chinese Yuan Renminbi across different time periods.

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