Today's yuan exchange rate
According to Lao Dong, on March 27, the yuan (CNY) increased in value against the US Dollar as the People's Bank of China (PBOC) continued to strictly control the central exchange rate every day. This move comes as US President Donald Trump shows flexibility in reducing tariffs on China.
The latest updated exchange rate of the yuan against the US Dollar (USD/CNY) is currently fluctuating around 7.262 CNY/USD, 71 basis points higher than the previous session, but still 1.19% lower than the central exchange rate set by the PBOC.
Domestically, the CNY exchange rate against VND is currently fluctuating around 3,521 VND; meaning 1 USD can be exchanged for about 3,500 VND.
The yuan still faces risks
Although it has increased in value, the outlook for the yuan has not been really positive due to risks from trade tensions with the US.
According to BBC, Trump has announced to continue imposing tariffs on all imported cars, adding pressure on the financial market. At the same time, he also left open the possibility of a tax cut to reach an agreement with ByteDance - TikTok's parent company - to complete the sale of this application to an American business.
According to Reuters, despite positive signals from the PBOC, the Chinese economy still faces many challenges. Industrial profits in the first two months of 2025 continued to decline due to downward pressure and the impact of the trade war. Analysts say China will need more economic stimulus measures to support businesses and boost consumption.
Investors are also closely monitoring the deadline of February 2 - when the US can impose a new counterpart tax. Some experts warn that changes in trade regulations between the two countries could cause further long-term instability.
* Information on exchange rates is for reference only and may change from time to time.
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