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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 market updates and forecasts, the USD to CNY exchange rate is currently at 90-day highs near 7.2760. The Chinese Yuan (CNY) is facing pressure and nearing 16-year lows against the US Dollar (USD) due to dovish interest rate policies by the Chinese Central Bank and expectations for further stimulus measures in light of a slowing economy. Additionally, the weakening of the yuan past the key level of 7.3 per dollar indicates challenges in China's economic recovery post-Covid-19 and potential implications such as impacting import costs, export competitiveness, and potential capital outflows.

    On the other hand, the US dollar (USD) has been seeing strength amidst downbeat global trade conditions and a wait-and-see approach from the Federal Reserve regarding interest rates. The U.S. economy continues to outperform expectations, which has led to delayed expectations of rate cuts. However, analysts suggest that the US dollar's ascent may be limited without fresh data releases and with retreating US Treasury bond yields. With Saxo Bank predicting gradual yuan depreciation to support Chinese economic growth, investors and businesses involved in USD to CNY transactions should closely monitor economic indicators, central bank policies, and global market conditions to make informed decisions and potentially save on international transactions.

     
    @bestfxrates : USD to CNY at 90-day peak near 7.2760 as CNY flirts with 16-year lows against USD amid China's dovish policies & stimulus expectations. Market view indicates challenges for China's recovery, contrasting with the US's economic resilience. Analysts eye key data for directional cues. #USDCNY #ForexUpdate

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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 =
    7.2316We compare provider deals to this wholesale mid-market rate. Read more
    CNY
    -0.2%
    1W
    USD to CNY is at 7-day lows near 7.2607, just 0.6% above its 3-month average of 7.2226, having traded in a very stable 2.7% range from 7.0868 to 7.2760
    |
    Sell USD   →   Buy CNY
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      1 CNY = 0.1383 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
    10 Jul 2024
    7.2755
    0.2% 2 Week
    25 Apr 2024
    7.2396
    0.3% 3 Month
    25 Jul 2023
    7.1363
    1.8% 1 Year
    26 Jul 2019
    6.8798
    5.6% 5 Year
    27 Jul 2014
    6.1862
    17.4% 10 Year
    29 Jul 2004
    8.2765
    12.3% 20 Year
    USD/CNY historic rates & change to 24-Jul-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