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USD to CNY 2024 Forecasts

Analysis of recent Dollar → Yuan forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Chinese yuan performance and trends.

 

Forecasts for USD to CNY

 

According to recent forecasts and market updates, the US dollar (USD) is expected to maintain its strength against the Chinese Yuan (CNY) in the coming years. FX analysts predict that the USD may continue to soar due to easing expectations for Federal Reserve interest rate cuts. Additionally, the impressive performance of the US economy, as highlighted by the blowout job report, is delaying potential rate reductions. These factors are likely to support the USD/CNY exchange rate, which is currently hovering around 7.2182, just slightly above its 3-month average of 7.1505.

On the other hand, HSBC forecasts suggest a controlled depreciation of the Chinese Yuan, with expectations for the USD/CNY pair to reach 7.20 in 2024 and further decrease to 6.75 by 2029. This gradual strengthening of the Yuan is anticipated to be influenced by China's monetary policy restraint, capital account restrictions, and the impact of a weaker global economy. While uncertainties linger, including the implications of a weakening Chinese economy and potential stimulus measures, the USD/CNY exchange rate is likely to experience fluctuations as market dynamics evolve. As such, individuals and businesses involved in USD-CNY transactions are advised to closely monitor economic indicators and central bank actions to make informed decisions to optimize their international transactions and investments.

 
@bestfxrates : 📉🌐 USD/CNY Update: "FX analysts expect USD's strength to persist against CNY. Currently at 7.2182, USD may ride high with less likely Fed rate cuts & robust US job data. HSBC sees controlled Yuan depreciation to 7.20 in '24, 6.75 by '29. Monitor economic & central bank cues for best FX strategy." #USDCNY #Forex

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USD to CNY Market Data

US dollar (USD) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 USD =
7.2275We compare provider deals to this wholesale mid-market rate. Read more
CNY
-0.0%
📈3M
USD to CNY is at 90-day highs near 7.2290, 1.0% above its 3-month average of 7.1526, having traded in a very stable 2.1% range from 7.0786 to 7.2290
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Sell USD   →   Buy CNY
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  1 CNY = 0.1384 USD

Compare & Save - US dollar to Chinese yuan

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Chinese yuan (CNY) rates from different sources before making a conversion.

Use our USD to CNY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Dollar to Yuan currency rates and the possible savings of using various providers.

 
DateUSD/CNYChangePeriod
14 Mar 2024
7.1934
0.5% 2 Week
29 Dec 2023
7.0796
2.1% 3 Month
29 Mar 2023
6.8871
4.9% 1 Year
30 Mar 2019
6.7120
7.7% 5 Year
31 Mar 2014
6.2065
16.5% 10 Year
02 Apr 2004
8.2758
12.7% 20 Year
USD/CNY historic rates & change to 28-Mar-2024
 

Will the US dollar rise against the Chinese yuan?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

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Read our Currency guide to China - a practical currency and money guide to travel, living and doing business in China with the Chinese yuan.

 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more