Convert CNY to USD - Chinese renminbi yuan to US Dollar Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE CNY/USD EXCHANGE RATE
The CNY/USD currency pair represents trading of the Chinese Renminbi - the official currency of China, against the US dollar, and is one of the most popular pairs to trade in the forex market. Representing two of the most powerful economies of the world, there is considerable interest in CNY/USD, although it is considered an exotic currency pair and requires expertise to trade.Each unit of the Renminbi is referred to as the Yuan. The central bank of China, People's Bank of China (PBOC), is responsible for regulating the value of the Yuan. The Chinese currency had been pegged to the US dollar until 2005 but its value is presently managed by the central bank by setting a midpoint rate on a daily basis against leading international currencies.The exchange rate of the CNY/USD is impacted heavily by international trade conditions, as China's economy is largely dependent on trade. In addition, this currency pair sees significant price action on the release of important economic data from China and the US, including GDP, CPI, consumer confidence, trade balance, manufacturing activity and PPI. Changes in monetary policy by the PBOC and the Federal Reserve also influence the value of the Chinese Yuan and the US dollar.
CNY to USD CONVERSION RATES
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CNY to USD CHARTS
CNY/USD Live Chart
CNY/USD Historical Chart
CNY to USD EXCHANGE RATE - FAQ
How does the US-China trade war affect the exchange rate of CNY/USD?

The CNY/USD currency pair saw significant fluctuations in the wake of the trade war that US President Donald Trump unleashed when he hiked tariffs on Chinese imports into the country. The Chinese yuan fell below the key level of 7 against the dollar, with the PBOC unleashing the devaluation of the currency in retaliation to the higher tariffs by the US.

How easy is it for new forex traders to trade CNY/USD?

CNY/USD offers great opportunities for traders to generate profits, but is challenging as it requires a deep knowledge about fundamentals related to China and geopolitics, in addition to experience with technical indicators for analysis. As a result, it may not be as easy a pair for new forex traders to trade.

What is the difference between CNY and CNH?

CNY is the symbol for onshore Renminbi - the currency which is traded within Mainland China exclusively. On the other hand, CNH represents offshore Renminbi - the currency traded outside of Mainland China.