The yuan just hit its strongest level against the US dollar since September 2024, breaking through key thresholds for both onshore and offshore markets and marking a milestone in its 2025 rally. 🚀
On Thursday, the onshore yuan in mainland China climbed past 7.01 per dollar, while the offshore yuan trading in Hong Kong topped 7.00 — levels last seen in September 2024.
The central parity rate — the daily benchmark set by the People’s Bank of China — rose by 79 pips (the tiniest price moves in forex) to 7.0392, signaling growing confidence in the currency.
Since January, the offshore yuan has jumped 4.6% against the dollar, and the onshore yuan has gained 4%. That’s a solid uptick for anyone sending remittances back home or planning travel budgets for early 2026. 💸✈️
A softer US dollar and steady export demand are behind the boost. For tech entrepreneurs sourcing components, or e-commerce fans hunting gadget deals from Shenzhen, keeping an eye on these moves is key. 💻📱
As 2025 winds down, the yuan’s strength points to interesting shifts in Asia’s financial scene. Watch the rates as you plan investments, trips, or shopping sprees next year. 🌏🔍
Reference(s):
Chinese yuan exchange rate hits highest level since Sept 2024
cgtn.com
