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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

     

    Based on recent exchange rate analyst forecasts and currency market updates, the US dollar (USD) is expected to continue showing strength despite signs of softening in the labour market. The USD rose against its rivals recently, supported by a rise in US Treasury yields. However, looming data indicating softening activity in the US services sector may cause the dollar to trim its gains. Furthermore, factors such as slowing job growth, softer inflation, and revised GDP data are being closely monitored by analysts ahead of the Federal Reserve's rate decision. These developments could potentially influence the direction of the USD to Chinese Yuan (CNY) exchange rate.

    On the other hand, the Chinese Yuan (CNY) has been near 16-year lows against the USD due to the dovish interest rate policies of the Chinese Central Bank compared to higher rates in the US. Market analysts, like those at Saxo Bank, predict that Beijing may allow the yuan to gradually decline to support growth in the Chinese economy. The yuan's slide past key levels against the dollar suggests challenges in the Chinese economy's recovery from the impact of the Covid-19 pandemic. As the Chinese government implements measures such as interest rate cuts and stimulus to address economic weaknesses, the trajectory of the USD/CNY exchange rate will likely be influenced by ongoing developments in both economies.

     
    @bestfxrates : USD maintains uptrend vs CNY as rising US Treasury yields bolster it despite signs of a softening labor market & service sector. Economists await Fed's rate decision amid mixed signals. Meanwhile, CNY hits 16-year low, with Beijing's policy poised to guide it amid recovery efforts. #USDCNY #ForexUpdate #MarketTrend

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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 =
    7.2610We compare provider deals to this wholesale mid-market rate. Read more
    CNY
    +0.0%
    3M
    USD to CNY is at 90-day highs near 7.2603, just 0.7% above its 3-month average of 7.2086, having traded in a very stable 2.4% range from 7.0868 to 7.2603
    |
    Sell USD   →   Buy CNY
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      1 CNY = 0.1377 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
    06 Jun 2024
    7.1924
    0.9% 2 Week
    22 Mar 2024
    7.2291
    0.4% 3 Month
    21 Jun 2023
    7.1795
    1.1% 1 Year
    22 Jun 2019
    6.8700
    5.7% 5 Year
    23 Jun 2014
    6.2132
    16.9% 10 Year
    25 Jun 2004
    8.2752
    12.3% 20 Year
    USD/CNY historic rates & change to 20-Jun-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