Story perspectives

Yuan Hits Year-High Against Dollar, Forecasts Rise

12/23/2025

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Summary

Story summary

The yuan has recently strengthened, achieving its highest offshore rate against the US dollar in over a year.
Forecasts predict the yuan could reach 6.8 by 2026.
Cross-border yuan settlements totaled 13 trillion yuan (US$1.85 trillion) in the first three quarters of 2025, marking an 11% year-on-year increase.
Despite this growth, the yuan's global presence remains limited, with daily transactions averaging 700 billion yuan compared to nearly US$2 trillion for the US dollar.
Yuan-denominated debt issuance constitutes only 0.8% of the global market share, and its reserve allocation share has decreased to 2.1%.

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Story summary

The yuan has recently strengthened, achieving its highest offshore rate against the US dollar in over a year.
Forecasts predict the yuan could reach 6.8 by 2026.
Cross-border yuan settlements totaled 13 trillion yuan (US$1.85 trillion) in the first three quarters of 2025, marking an 11% year-on-year increase.
Despite this growth, the yuan's global presence remains limited, with daily transactions averaging 700 billion yuan compared to nearly US$2 trillion for the US dollar.
Yuan-denominated debt issuance constitutes only 0.8% of the global market share, and its reserve allocation share has decreased to 2.1%.