Exchange Rate in China
The Chinese yuan experienced a gradual but controlled depreciation against the US dollar from 2013 to 2022. While facing downward pressure due to trade tensions, recession abroad and economic slowdown at home, the yuan's movements were largely contained by the People's Bank of China, reflecting the government's focus on maintaining economic stability and avoiding excessive volatility in the exchange rate.
The exchange rate ended 2022 at CNY 6.90 per USD, compared to the end-2021 value of CNY 6.35 per USD. 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 2017.
Source: Macrobond.
China Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (CNY per USD, eop) | 6.96 | 6.53 | 6.35 | 6.90 | 7.08 |
| Exchange Rate (CNY per USD, aop) | 6.91 | 6.90 | 6.45 | 6.73 | 7.08 |
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.