Chinese Renmimbi CNY Forecasts 2021
The Chinese government has announced that it will gradually increase the flexibility of the CNY exchange rate.
David BrownCNY outlook
China’s Central Bank has pumped more liquidity into the domestic markets amidst the uncertainty over the property developer’s debt saga.
| USD/CNY was | Change | Period |
|---|---|---|
6.4281 13 Oct 2021 | 0.6% ▼ | 2 Weeks |
6.4564 29 Jul 2021 | 1% ▼ | 90 Days |
6.7055 27 Oct 2020 | 4.7% ▼ | 1 Year |
6.7769 28 Oct 2016 | 5.7% ▼ | 5 Years |
6.3620 30 Oct 2011 | 0.5% ▲ | 10 Years |
8.2758 01 Nov 2001 | 22.8% ▼ | 20 Years |
Chinese Renmimbi – Forecasts
Tightly controlled by the PBOC the Chinese yuan has appreciated 8 percent since its lowest value last year, hitting a low of 7.1 in mid 2020 breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate.
You can also read our full Foreign Exchange Guide to China.
Loading rates...
| Provider | Amounts | Rate | Cost | |
|---|---|---|---|---|
|
|
|
|||
|
|
|
|||
|
|
|
|||
|
|
|
More Forecasts
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.