Wednesday, May 01, 2024


US Dollars (USD) v/s Chinese Yuan (CNY)
USD 1 buys 7.24 CNY

Index (Click on tabs to view details)

Currency Dashboard & Past Week

The US Dollars has fallen 0.01 fen (or 0.001%) from its last trading session of April 30, 2024 to close at CNY7.24.

Currency Dashboard


Trading CountryUSD: United States Of AmericaTrading CountryCNY: China
01 May, Close USD/CNY 7.240101 May, Close CNY/USD 0.1381
1-day change (%)USD down 0.001%1-day change (%)CNY down 0.1056%
YTD change (%)USD up 2.1291%YTD change (%)CNY down 1.9793%
Relative Strength (6 mo)36.3Relative Strength (6 mo)62.5


+    The USD is down 0.1% against the CNY in the past week.
+    The exchange rate ranged between a low of 7.2339 on Monday, Apr 29 and a high of 7.2464 on Friday, Apr 26.
DayUS DollarsClose (CNY)Change %Comment
WednesdayFalls vs the Chinese Yuan Renminbi (CNY)7.24010Price fall on slipping relative strength
TuesdayIncreases vs the Chinese Yuan Renminbi (CNY)7.24020.1Top Rise
MondayFalls vs the Chinese Yuan Renminbi (CNY)7.2339-0.2Week-low of 7.2339 Steepest Fall
FridayIncreases vs the Chinese Yuan Renminbi (CNY)7.24640.1Week-high of 7.2464
ThursdayFalls vs the Chinese Yuan Renminbi (CNY)7.2409-0.1Price fall on slipping relative strength

Today's Bearish Signals

Downtrend of USD vs CNY

Relative Strength (6 months) at 36 percentile:
- The USD/CNY has a 6-month relative strength of 36 in the market of 2,001 Currency Pairs means it has underperformed 64% of the global currency market.


Ongoing Bearish Parameters

Annualised Period-based Total Shareholder Returns [TSR %]: The Worst Periods with TSR < 3.9%

TSR %3 yrs5 yrs20 yrs30 yrs
USD.CURR3.81.5-0.7-0.6



Present Value of CNY1000 Invested in the Past Year; The Worst Period with PVCNY1000 < 956

PVCNY1,0001 yr ago
USD/CNYCNY955



Today's Bullish Signals

Uptrend of USD vs CNY

Past Month:
- Rises to Falls: In the past month the number of rises outnumbered falls 13:6 or 2.2:1.


Ongoing Bullish Parameters

Present Value of CNY1000 Invested in the Past [3 Mo, 3 Yrs]; The Best Periods with PVCNY1000 > 1,010

PVCNY1,0003 mo ago3 yrs ago
USD/CNYCNY1,011CNY1,118



The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Change % > 1

Change %QuarterYear3 Years
USD/CNY1.14.711.8



Currency Crossrates

Currency Crossrates Today's Snapshot for USD

USD1=157.9057JPYJapanRises for a second consecutive day, a two-day rise of 1.2% vs the Japanese Yen (JPY)
USD1=17.0153MXNMexicoFalls 0.7% vs the Mexican Peso (MXN)
USD1=1USDUnited States Of AmericaTrading vs the US Dollars (USD)
USD1=1.3648SGDSingaporeRises for a second consecutive day, a two-day rise of 0.4% vs the Singapore Dollars (SGD)
USD1=1.6975NZDNew ZealandRises for a second consecutive day, a two-day rise of 1.5% vs the New Zealand Dollars (NZD)
USD1=0.9371EUREuropean UnionRises for a second consecutive day, a two-day rise of 0.5% vs the Euro (EUR)
USD1=11.07NOKNorwayFalls vs the Norwegian Kroner (NOK)
USD1=0.9192CHFSwitzerlandRises for a second consecutive day, a two-day rise of 1.0% vs the Swiss Franc (CHF)
USD1=10.9636SEKSwedenRises for a second consecutive day, a two-day rise of 0.3% vs the Swedish Krona (SEK)
USD1=1.5384AUDAustraliaFalls vs the Australian Dollars (AUD)
USD1=0.8006GBPUnited KingdomRises for a second consecutive day, a two-day rise of 0.6% vs the British Pound (GBP)
USD1=1.376CADCanadaFalls vs the Canadian Dollars (CAD)
USD1=7.8233HKDHong KongIncreases vs the Hong Kong Dollars (HKD)
USD1=7.2401CNYChinaFalls vs the Chinese Yuan Renminbi (CNY)
USD1=1,382.546KRWSouth KoreaFalls vs the South-Korean Won (KRW)



Currency Crossrates Today's Snapshot for CNY

CNY1=0.1295EUREuropean UnionRises for a third consecutive day, a three-day rise of 0.6% vs the Euro (EUR)
CNY1=1CNYChinaTrading vs the Chinese Yuan Renminbi (CNY)
CNY1=0.127CHFSwitzerlandIncreases 0.9% vs the Swiss Franc (CHF)
CNY1=1.5223SEKSwedenRises for a fifth consecutive day, a five-day rise of 2.0% vs the Swedish Krona (SEK)
CNY1=0.1381USDUnited States Of AmericaFalls vs the US Dollars (USD)
CNY1=0.1903CADCanadaIncreases 0.7% vs the Canadian Dollars (CAD)
CNY1=21.7871JPYJapanIncreases 0.9% vs the Japanese Yen (JPY)
CNY1=2.3681MXNMexicoIncreases 0.7% vs the Mexican Peso (MXN)
CNY1=0.1886SGDSingaporeRises for a third consecutive day, a three-day rise of 0.5% vs the Singapore Dollars (SGD)
CNY1=191.1682KRWSouth KoreaIncreases 0.6% vs the South-Korean Won (KRW)
CNY1=0.2349NZDNew ZealandIncreases 1.6% vs the New Zealand Dollars (NZD)
CNY1=1.5357NOKNorwayIncreases 1.0% vs the Norwegian Kroner (NOK)
CNY1=1.0806HKDHong KongFalls vs the Hong Kong Dollars (HKD)
CNY1=0.2133AUDAustraliaIncreases 1.3% - at bullish turning point vs the Australian Dollars (AUD)
CNY1=0.1106GBPUnited KingdomIncreases vs the British Pound (GBP)



Period-Based % Change

% Change of USD vs Currency Basket Period-Based

LastCountry1-day %1-week %1-Year %3-Yrs %
USD1=1.0USDUnited States Of America0.0---
USD1=7.24CNYChina--0.14.711.8
USD1=157.906JPYJapan0.61.714.844.5
USD1=0.937EUREuropean Union-0.32.812.7
USD1=1,382.546KRWSouth Korea-0.20.42.923.7
USD1=1.365SGDSingapore0.30.22.12.6
USD1=1.698NZDNew Zealand0.90.84.721.5
USD1=0.801GBPUnited Kingdom--0.2-10.6
USD1=1.538AUDAustralia-0.3-2.118.6
USD1=7.823HKDHong Kong--0.1-0.30.7
USD1=0.919CHFSwitzerland0.80.52.60.7
USD1=1.376CADCanada-0.10.41.711.9
USD1=10.964SEKSweden0.10.86.129.5
USD1=11.07NOKNorway-0.30.73.133.0
USD1=17.015MXNMexico-0.7-0.4-5.1-16.0



% Change of CNY vs Currency Basket Period-Based

In the past year the Chinese Yuan fell 4.5% against the US Dollars; in the past three years the Chinese Yuan fell 10.6% against the US Dollars.

LastCountry1-day %1-week %1-Year %3-Yrs %
CNY1=0.138USDUnited States Of America-0.10.1-4.5-10.6
CNY1=1.0CNYChina0.0---
CNY1=21.787JPYJapan0.92.010.129.6
CNY1=0.129EUREuropean Union0.40.4-1.51.5
CNY1=191.168KRWSouth Korea0.61.0-1.411.2
CNY1=0.189SGDSingapore0.30.4-2.3-8.1
CNY1=0.235NZDNew Zealand1.61.00.310.0
CNY1=0.111GBPUnited Kingdom0.5-0.2-4.2-0.4
CNY1=0.213AUDAustralia1.30.3-2.27.3
CNY1=1.081HKDHong Kong-0.1-0.1-4.9-9.9
CNY1=0.127CHFSwitzerland0.90.9-1.7-9.6
CNY1=0.19CADCanada0.70.9-2.90.3
CNY1=1.522SEKSweden0.72.02.517.5
CNY1=1.536NOKNorway1.02.0-0.521.2
CNY1=2.368MXNMexico0.71.1-8.9-23.7



Currency USD vs CNY

Year-on-Year Comparison USD/CNY (Trailing year - ended 01 May)

In the past 5 years, the USD/CNY has jumped 7.4% from 6.74 to 7.24, an average compound annual appreciation of the USD by 1.4%.
202420232022202120202019
Close7.246.926.616.477.066.74
% Change4.74.72.1-8.34.8


USD1 buys CNY 7.24 today: Appreciation of CNY from 8.69 v/s USD thirty years ago
Last5 Yrs ago15 Yrs ago20 Yrs ago25 Yrs ago30 Yrs ago
USD/CNY7.246.746.828.298.288.69


Present Value of CNY1000 Invested in USD 30 years ago is CNY833
PVCNY1,0005 yrs ago20 yrs ago30 yrs ago
USD/CNYCNY1,075CNY874CNY833



Macroeconomic Indicators

INDICATORPANAMA[USD]CHINA[CNY]
GDP (Billion USD)25,44017,963
GDP growth yoy (%)3.41.6
Interest rate (%)3.5-7.4
Inflation rate (%)3.80.1
Unemployment rate (%)-5.8-
Budget / (Deficit) to GDP ratio (%)-201
Current account / (Deficit) to GDP ratio (%)335.891.5
Debt to GDP ratio (%)-282



Credit Rating Summary: CHINA

Rating AgencyLong TermForeign CurrencyDescription
Moody'sA1
S&PA+Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances. The plus (+) sign shows relative standing within the major rating category.
FITCHA+High credit quality: 'A' ratings denote expectations of low default risk. The plus (+) sign shows relative standing within the major rating category.
DAGONGAAAHighest Credit Quality: "AAA" ratings denote the lowest expectation of default risk. It indicates that the issuer has exceptionally strong capacity for payment of financial commitments. Although the AAA debt protection factors may change, this capacity is highly unlikely to be adversely affected by any foreseeable event. 'AAA' is the highest issuer credit rating assigned by Dagong.

UNITED STATES
Rating AgencyLong TermForeign CurrencyDescription
MOODYAaa
S&PAA+Very strong capacity to meet financial commitments. The plus (+) sign shows relative standing within the major rating category.
FITCHAAA Highest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
DAGONGA-High Credit Quality: "A" ratings denote expectations of relatively low default risk. The capacity for payment of financial commitments is considered sufficient. However, this capacity may be more vulnerable than those of the higher ratings to adverse business or economic conditions due to any foreseeable event. The minus (-) sign shows relative standing within the major rating category.




Source: www.BuySellSignals.com