# Chinese renminbi real effective exchange rate | PIER20 benchmarks

Is the renminbi expensive or cheap in real trade-weighted terms?

Chinese renminbi real effective exchange rate tracks BIS broad real effective exchange-rate index and ten-year median. It uses monthly data.

The latest data is from **June 2026**. The Real effective renminbi reading is **92.24 index**. The Ten-year median reading is **97.85 index**. The Distance from median reading is **-5.61 index**. The Real effective renminbi line is up 7.0% over the past year. It is above its long-run median of 81.16 index.

## Summary statistics (full history)

| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Real effective renminbi | 52.99 | 92.24 | 52.99 | 107.30 |
| Ten-year median | 52.99 | 97.85 | 52.99 | 99.26 |
| Distance from median | 0.00 | -5.61 | -12.25 | 24.11 |

## Last 24 readings

| Date | Real effective renminbi | Ten-year median | Distance from median |
|---|---|---|---|
| Jul 2024 | 92.23 | 99.26 | -7.03 |
| Aug 2024 | 91.80 | 99.26 | -7.46 |
| Sep 2024 | 91.67 | 99.26 | -7.59 |
| Oct 2024 | 92.55 | 99.26 | -6.71 |
| Nov 2024 | 92.16 | 99.18 | -7.02 |
| Dec 2024 | 92.26 | 98.97 | -6.71 |
| Jan 2025 | 92.64 | 98.78 | -6.14 |
| Feb 2025 | 92.22 | 98.75 | -6.53 |
| Mar 2025 | 90.55 | 98.67 | -8.12 |
| Apr 2025 | 87.67 | 98.61 | -10.94 |
| May 2025 | 86.85 | 98.54 | -11.69 |
| Jun 2025 | 86.19 | 98.44 | -12.25 |
| Jul 2025 | 86.38 | 98.39 | -12.01 |
| Aug 2025 | 86.79 | 98.36 | -11.56 |
| Sep 2025 | 87.22 | 98.33 | -11.11 |
| Oct 2025 | 87.97 | 98.31 | -10.34 |
| Nov 2025 | 88.81 | 98.28 | -9.47 |
| Dec 2025 | 89.43 | 98.23 | -8.80 |
| Jan 2026 | 89.52 | 98.15 | -8.63 |
| Feb 2026 | 90.74 | 98.10 | -7.36 |
| Mar 2026 | 91.49 | 98.07 | -6.58 |
| Apr 2026 | 91.01 | 98.00 | -6.99 |
| May 2026 | 90.84 | 97.95 | -7.11 |
| Jun 2026 | 92.24 | 97.85 | -5.61 |

## How to read this benchmark

**How to read it.** The index measures the inflation-adjusted, trade-weighted renminbi. The distance measure compares the index with its ten-year median.

## How this benchmark is used

**Why traders watch it.** Currency traders use this benchmark to compare the real renminbi with its recent range.

## Frequently asked questions

**What is the latest reading for Chinese renminbi real effective exchange rate?**

The latest data is from June 2026. The Real effective renminbi reading is 92.24 index. The Ten-year median reading is 97.85 index. The Distance from median reading is -5.61 index. The Real effective renminbi line is up 7.0% over the past year. It is above its long-run median of 81.16 index.

**How often does this benchmark update?**

The source publishes monthly data. PIER20 updates the page after each new observation. The chart shows the data date and fetch date.

**What data sources does this chart use?**

The Bank for International Settlements (BIS) publishes the data. The methodology section lists each source series.

**Where does the data come from?**

The Bank for International Settlements (BIS) publishes the source data. The source table lists each series and its exact link.

## Methodology

- Formula: BIS broad real effective exchange-rate index and ten-year median
- Frequency: Monthly
- Sources: Real effective renminbi (cny-reer) https://stats.bis.org/api/v1/data/WS_EER/M.R.B.CN; Ten-year median (cny-reer-median) https://stats.bis.org/api/v1/data/WS_EER/M.R.B.CN; Distance from median (cny-reer-distance-median) https://stats.bis.org/api/v1/data/WS_EER/M.R.B.CN. Data via the Bank for International Settlements (BIS).
- Data through: June 2026
- Last refreshed: 11 Aug 2026

Full interactive chart: https://pier20.com/benchmarks/cny-real-effective-exchange-rate
Disclaimer: research software output, not investment advice.