RMB appreciated against the yen and most other major currencies, with exchange rate fluctuations showing divergence

SellTheBounce · 2026-03-15T14:20:51+00:00

Recently, the RMB exchange rate has fluctuated significantly, with the yuan appreciating broadly against major international currencies including the US dollar, euro, and British pound, with particularly pronounced weakness in the yen. The yuan has also shown rare appreciation against the ruble, demonstrating the yuan's strong position in the foreign exchange market overall.

SellTheBounce

2026-03-15 14:20:51

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According to the latest data from Jintou Finance, the RMB exchange rate has recently shown significant fluctuations. In exchanges with major international currencies, the RMB has appreciated clearly, but performance varies among different currency pairs. The USD/RMB exchange rate is 6.8917, down 65 points, while the JPY/RMB rate is 4.3575, down 142 points, indicating a notable appreciation of the RMB.

Wide Range of RMB Appreciation, Significant Depreciation of US and European Currencies

The USD to RMB rate is 6.8917, down 65 points from previous levels. The euro has performed even more strongly, with the EUR/RMB rate at 7.9986, down 212 points, reflecting a significant appreciation of the RMB against European currencies. The GBP/RMB rate is 9.2432, down 226 points, with a larger appreciation than the euro. The Swiss franc is similar, at 8.8476, down 250 points. Overall, the RMB’s appreciation against these major developed country currencies is relatively balanced and significant.

Yen Depreciation Ranks High, Asian Currencies Show Mixed Trends

Among Asian currencies, the yen’s depreciation is prominent. The RMB/JPY rate has changed by 142 points, showing RMB appreciation while the yen faces depreciation pressure. The Hong Kong dollar remains relatively stable, with the HKD/RMB rate at 0.88075, down only 12.1 points. In contrast, the Australian dollar and Singapore dollar are rising—AUD/RMB increased by 271 points to 4.9036, and SGD/RMB increased by 46 points to 5.4091. The Canadian dollar is somewhere in between, with the CAD/RMB rate at 5.0684, down 101 points.

RMB Appreciation Trend Confirmed, Ruble as an Exception

Notably, the RMB/RUB rate has increased by 1,267 points to 11.4781, a rare appreciation phenomenon. The Malaysian Ringgit has also adjusted, with the RMB/MYR rate at 0.56915, down 43.9 points. Overall, the RMB shows an appreciation trend against most major international currencies, reflecting its relatively strong position in the forex market recently, especially in the exchange rates against the yen, euro, and pound, where RMB appreciation is particularly evident.

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