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Chinese Yuan
News updates related to the renminbi
Today's Yuan exchange rate April 16, 2025: Slight increase compared to the previous session
Today's Yuan exchange rate April 16, 2025: The central rate of the Yuan (CNY) was set by the People's Bank of China at 7.2096 CNY/USD, up slightly by 14 basis points compared to the previous session.
Market
Today's Yuan exchange rate April 15, 2025: Slight decrease
Today's Yuan exchange rate April 14, 2025: In the mainland market, the yuan exchange rate decreased slightly to 7.3101 CNY/USD. Meanwhile, in the international market (outside the mainland), the yuan traded at 7.3123 CNY/USD.
Today's Yuan exchange rate April 14, 2025: Continues to increase again
Today's Yuan exchange rate April 14, 2025: VND/CNY exchange rate at commercial banks continues to increase. At Vietcombank, the buying and selling rates are listed at 3,475 - 3,586 VND/NDT, respectively, up 16 VND in both directions compared to the morning session on April 11.
Today's Yuan exchange rate April 12, 2025: Continued depreciation
Today's Yuan exchange rate April 12, 2025: The offshore Yuan fell to a record low of 7.4287 CNY/USD, after the People's Bank of China (PBOC) set the weakest reference rate since 2023.
Yuan exchange rate on April 10: Sharp drop to 17-year record low
The central exchange rate on April 10 recorded a sharp decrease of the Vietnamese Dong compared to the Chinese Yuan (CNY). The People's Bank of China (PBOC) continued to devalue the Yuan against the USD, reacting after the US announced a 125% tax increase.
Rebar prices increase by 50 yuan/ton; Gold expected to continue rising next week
(Baonghean.vn) - Rebar prices increased by 50 Yuan/ton; Gold is expected to continue to increase next week; USD continues to slide...
Russia rushes to 'eliminate' the dominance of the US dollar in world trade
(Baonghean.vn) - Russia continues to "sprint" to weaken the US dollar in the economic system. Moscow plans to continue to increase transactions in rubles even within the Eurasian Economic Union, and with China - the country that has become Russia's main trading partner.
Yuan falls to 11-year low against US dollar; Hong Kong falls into recession due to protests
December 17, 2019 08:37
2019 saw many records and "firsts" for economies, but not all events were positive.
From October 12: Chinese Yuan can be used for payment at the Vietnam - China border
August 30, 2018 06:57
Traders and residents of the Vietnam-China border who conduct border trade activities between the two countries can use freely convertible foreign currencies, VND or CNY, to pay for goods and services.
The 'plot' to internationalize the yuan is being dragged down by the trade war
August 9, 2018 07:00
The recent decline in the yuan is posing a challenge to Beijing's efforts to promote its currency globally.
Chinese Yuan plunges, will Vietnam's trade balance be severely affected?
July 17, 2018 07:24
When the Chinese Yuan depreciated sharply, Vietnam's trade balance was severely affected due to cheap Chinese goods flowing into the domestic market.
Buying a position, a provincial official lost tens of billions to a super scammer.
December 12, 2017 06:33
Last month, the court in Anshan city (China) tried Trinh X Tien for fraud and sentenced Tien to life in prison.
China increases foreign exchange controls
November 30, 2016 08:59
The yuan's fall to a more than eight-year low against the dollar has prompted Chinese authorities to seek ways to stem capital outflows from the country, Reuters reported, citing a source familiar with the matter.
The world and its contradictions
October 2, 2016 06:42
(Baonghean) - World history is written from never-ending contradictions. One of the world's largest economies but still not recognized by the international community, a man who is both a hero and a sinner in the eyes of opposing factions.
China's devaluation of the yuan makes it difficult for Vietnam to export to this market.
June 6, 2016 09:55
(Baonghean) - The recent growth slowdown and devaluation of the yuan by China - the world's second largest economy as well as other emerging economies, has reduced import demand, affecting global trade, investment and economic growth.
China 'devalues' Yuan to record low
May 31, 2016 08:23
China has just set the reference exchange rate of the yuan against the USD at 6.5784 yuan to 1 USD...
IMF decides to include yuan in international currency basket
December 1, 2015 07:25
On November 30, the International Monetary Fund (IMF) announced that the Chinese Yuan is eligible to be included in the basket of...
China creates momentum for the yuan to enter the international currency basket
November 4, 2015 08:54
(Baonghean) - Three months after unexpectedly devaluing the Chinese Yuan (CNY), the People's Bank of China (PBOC) on November 2 increased the exchange rate of its domestic currency by the strongest level in a decade. Overcoming speculations about the possibility that the Chinese economy is worse than expected, experts still believe that China is showing efforts to switch to a more flexible exchange rate mechanism to "score points" before the International Monetary Fund (IMF) considers the proposal to include the Yuan in the international currency basket this November.
China will push forward reform of the yuan exchange rate
September 22, 2015 19:13
Chinese President Xi Jinping said the world's second-largest economy is facing downward pressure but is still growing within a reasonable range.
Chinese Premier: RMB/USD exchange rate will remain basically stable
August 26, 2015 06:58
According to AFP, on August 25, Chinese Prime Minister Li Keqiang affirmed that there is no basis for the yuan to continue weakening and the yuan/USD exchange rate will be maintained at a "basically stable" level.
China's devaluation of the Yuan: Consequences for Vietnam and the world
August 21, 2015 11:01
(Baonghean) - On August 11, 2015, the People's Bank of China announced a 1.9% reduction in the value of the yuan against the dollar. On August 12, 2015, China further reduced the value of the yuan by 1.6% and on August 13, 2015, it continued to reduce by 1.1%. For three consecutive days (August 11, 12, 13, 2015), the value of the yuan decreased by 4.6% against the dollar.
Exchange rate scenarios in the "storm" of the Chinese Yuan
August 17, 2015 09:35
Over the past year, despite the USD's increase in value, the State Bank has maintained its commitment not to adjust the exchange rate by more than 2%. However, immediately after China devalued the Yuan, the State Bank had to widen the band from +/-1 to +/-2%. Analysts have proposed several scenarios for exchange rate management assuming that the Yuan "storm" continues to put pressure on the world financial market.
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