Chinese Yuan (CNY) exchange-rate chart to US Dollar (USD)

The CNY/USD exchange rate indicates the value of the Chinese yuan (CNY) against the US dollar (USD). As a directed pair, it shows how many US dollars are required to purchase one Chinese yuan. This rate is crucial for international trade, investment, and tourism between China and the United States. When the yuan appreciates against the dollar, Chinese goods become more expensive for US consumers, while American exports to China become cheaper.

Structural drivers of the CNY/USD rate include the monetary policies of the People's Bank of China (PBoC) and the Federal Reserve (Fed). Interest rate differentials, inflation rates, and economic growth in both countries significantly influence the pair. China's trade surplus, foreign exchange reserves, and capital flows also play key roles. Additionally, global risk sentiment and commodity prices can affect the yuan's value, as China is a major importer of raw materials.

Over the past several years, the CNY/USD rate has experienced phases of relative stability followed by periods of volatility. The PBoC manages the yuan within a controlled band against a basket of currencies, allowing gradual appreciation or depreciation. Trade tensions between the US and China have at times led to sharp movements. However, without specific historical data, it is important to note that the rate is influenced by ongoing economic policies and global market conditions rather than a fixed chronology.