China-U.S. Foreign Exchange Rate
Returns the Chinese yuan (CNY/RMB) to U.S. dollar exchange rate, sourced from the Federal Reserve.
Data Source
Federal Reserve Statistical Release H.10 - Foreign Exchange Rates.
Usage Notes
- No parameters required
- Returns CNY per 1 USD
- Data updated daily
- Important for tracking U.S.-China trade dynamics
Exchange Rate Context
| CNY/USD | Interpretation |
|---|---|
| Rising (e.g., 7.0 -> 7.3) | Yuan weakening / USD strengthening |
| Falling (e.g., 7.3 -> 7.0) | Yuan strengthening / USD weakening |
| ~7.0 | Psychologically significant level |
Examples
Current CNY/USD exchange rate
When to Use
- Tracking Chinese currency movements
- U.S.-China trade analysis
- Emerging market currency analysis
- Building forex dashboards
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need real-time forex quotes | Last() with forex symbol |
| Need CAD/USD rate | CanadiandollarToUSdollar() |
| Need JPY/USD rate | YenToUSdollar() |
Common Issues & FAQ
Q: What does a CNY rate of 7.25 mean? A: It takes 7.25 Chinese yuan to buy 1 U.S. dollar.
Q: Why is the 7.0 level important? A: 7.0 CNY/USD is seen as a psychological barrier; breaking above it often signals yuan weakness and market concern.
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