Rmn to usd5/16/2023 trade wars and pandemic mismanagement (Figure 1b).įigure 1 Decoupling Yuan-Dollar Relationship The dollar soared after the 2015 Chinese market correction until the self-induced double-whammy: U. It was preceded by another in the mid-2010s, when the Fed began its gradual exit from ultra-low rates. Nonetheless, the current divergence is not the first of its kind. And sure enough, the yuan seems to mimic the dollar’s trajectory until late September 2021, which is followed by significant divergence (Figure 1a). It was visualized with a 1-year timeline. Dollar Index (DXY), which reflects the value of the dollar relative to a basket of currencies of some of America's biggest trading partners.Ĭaixin traced the decoupling back to September 2021. After all, the relationship between the yuan and the dollar has been relatively consistent since the mid-2010s, as measured by the U. The Caixin report attracted great attention internationally. The real story, however, is nuanced, complex and not just about currencies. The breakup was characterized as an “unusual currency decoupling, which has been evident since September.” 13600 USD = 94,155.52 CNY.In early December, Chinese business and finance media Caixin reported that the Chinese yuan has “broken its traditional relationship with the U.S. Some amounts at current USD to CNY exchange rate:Ģ USD = 13.85 CNY. USD to CNY forecast on Monday, May, 29: exchange rate 6.970 Yuans, maximum 7.075, minimum 6.865. Dollar to Yuan forecast on Friday, May, 26: exchange rate 6.979 Yuans, maximum 7.084, minimum 6.874. In 4 weeks USD to CNY forecast on Thursday, May, 25: exchange rate 6.967 Yuans, maximum 7.072, minimum 6.862. Dollar to Yuan forecast on Wednesday, May, 24: exchange rate 6.982 Yuans, maximum 7.087, minimum 6.877. USD to CNY forecast on Tuesday, May, 23: exchange rate 6.985 Yuans, maximum 7.090, minimum 6.880. Dollar to Yuan forecast on Monday, May, 22: exchange rate 6.975 Yuans, maximum 7.080, minimum 6.870. USD to CNY forecast on Friday, May, 19: exchange rate 6.975 Yuans, maximum 7.080, minimum 6.870. In 3 weeks Dollar to Yuan forecast on Thursday, May, 18: exchange rate 6.975 Yuans, maximum 7.080, minimum 6.870. USD to CNY forecast on Wednesday, May, 17: exchange rate 6.978 Yuans, maximum 7.083, minimum 6.873. Dollar to Yuan forecast on Tuesday, May, 16: exchange rate 6.985 Yuans, maximum 7.090, minimum 6.880. USD to CNY forecast on Monday, May, 15: exchange rate 6.972 Yuans, maximum 7.077, minimum 6.867. Dollar to Yuan forecast on Friday, May, 12: exchange rate 6.966 Yuans, maximum 7.070, minimum 6.862. In 2 weeks USD to CNY forecast on Thursday, May, 11: exchange rate 6.980 Yuans, maximum 7.085, minimum 6.875. Dollar to Yuan forecast on Wednesday, May, 10: exchange rate 6.985 Yuans, maximum 7.090, minimum 6.880. USD to CNY forecast on Tuesday, May, 9: exchange rate 6.984 Yuans, maximum 7.089, minimum 6.879. Dollar to Yuan forecast on Monday, May, 8: exchange rate 6.974 Yuans, maximum 7.079, minimum 6.869. USD to CNY forecast on Friday, May, 5: exchange rate 6.977 Yuans, maximum 7.082, minimum 6.872. In 1 week Dollar to Yuan forecast on Thursday, May, 4: exchange rate 6.967 Yuans, maximum 7.072, minimum 6.862. USD to CNY forecast on Wednesday, May, 3: exchange rate 6.980 Yuans, maximum 7.085, minimum 6.875. Dollar to Yuan forecast on Tuesday, May, 2: exchange rate 6.960 Yuans, maximum 7.064, minimum 6.856. USD to CNY forecast on Monday, May, 1: exchange rate 6.956 Yuans, maximum 7.060, minimum 6.852. Dollar to Yuan forecast on Friday, April, 28: exchange rate 6.919 Yuans, maximum 7.023, minimum 6.815.
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