Exchange Rate in China
The Chinese yuan experienced a depreciation against the US dollar over the last decade, with periods of volatility. While facing depreciatory pressure due to trade tensions, economic slowdown at home, and investor concerns over the domestic property sector plus state intervention in the economy, the yuan's movements were largely contained by the People's Bank of China. This reflected the government's focus on maintaining economic stability and avoiding excessive volatility in the exchange rate.
The exchange rate ended 2024 at CNY 7.30, compared to the end-2023 value of CNY 7.08 and the figure a decade earlier of CNY 6.20. It averaged CNY 6.74 over the last decade. For more exchange rate information, visit our dedicated page.
China Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for China from 2018 to 2024.
Source: Macrobond.
China Exchange Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Exchange Rate (CNY per USD, eop) | 6.53 | 6.35 | 6.90 | 7.08 | 7.30 |
| Exchange Rate (CNY per USD, aop) | 6.90 | 6.45 | 6.73 | 7.08 | 7.19 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chinese exchange rate projections for the next ten years from a panel of 34 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Chinese exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chinese exchange rate projections.
Want to get access to the full dataset of Chinese exchange rate forecasts? Send an email to info@focus-economics.com.