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    Chinese Renmimbi CNY Forecasts 2021

    The Chinese government has announced that it will gradually increase the flexibility of the CNY exchange rate.

    Updated: Nov 09, 2021  

    1 USD = 6.3211 CNY
    Sell USD  →  Buy CNY
    USD to CNY at 6.3211 is 0.8% below average of its 90-day range 6.3210-6.4068.

    CNY outlook

    In November 2021 the yuan is hovering around 6.4 per US dollar (1 AUD = 4.7 CNY), but with market sentiment worsening due to the massive Chinese Evergrande debt problems with the property developer missing another bond payment.

    China’s Central Bank has pumped more liquidity into the domestic markets amidst the uncertainty over the property developer’s debt saga.

    USD/CNY wasChangePeriod
    12 Jan 2022
    0.6% 2 Weeks
    28 Oct 2021
    1.1% 90 Days
    26 Jan 2021
    2.2% 1 Year
    27 Jan 2017
    8.1% 5 Years
    29 Jan 2012
    0.1% 10 Years
    31 Jan 2002
    23.6% 20 Years
    USD/CNY change over periods to 26-Jan-2022


    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.


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    Posted under: #Forecasts #CNY

    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.