# Yuan Hits Five-Year High as Exports Surge - Caixin Global

> The yuan reached a five-year high, with the CFETS RMB Index near its record level. Strong exports, with October shipments up 27.1% year on year, and a wider yield spread over US Treasuries drove the gains.

- Date: 2021-11-11 · published 2021-11-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/44270-yuan-hits-five-year-high-as-exports-surge-caixin-global
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Strong Chinese import demand supported by a firmer yuan can support feed commodity imports, while a stronger currency makes dollar-priced purchases cheaper for Chinese buyers.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-11-25 | [Yuan Rallies to One-Year High on Trade Optimism and Fed Cut Bets - Caixin Global](https://feedsoft.ai/events/22173-yuan-rallies-to-one-year-high-on-trade-optimism-and-fed-cut-bets-caixin-global.md) | -0.5% | -1.0% |
| USDCNY | 2025-05-28 | [China Pulls Back Support as Yuan Rebounds Against Dollar  - Caixin Global](https://feedsoft.ai/events/24886-china-pulls-back-support-as-yuan-rebounds-against-dollar-caixin-global.md) | -0.1% | -0.3% |
| USDCNY | 2020-02-04 | [China Adds Market Support With More Cash, Strong Yuan Fix - Caixin Global](https://feedsoft.ai/events/5133-china-adds-market-support-with-more-cash-strong-yuan-fix-caixin-global.md) | -0.6% | -0.9% |
| USDCNY | 2024-07-26 | [Yuan Snaps Losing Streak as Dollar Loses Ground - Caixin Global](https://feedsoft.ai/events/7519-yuan-snaps-losing-streak-as-dollar-loses-ground-caixin-global.md) | +0.2% | -1.2% |
| USDCNY | 2025-10-30 | [Commentary: The Yuan Forges Its Own Path - Caixin Global](https://feedsoft.ai/events/22629-commentary-the-yuan-forges-its-own-path-caixin-global.md) | +0.4% | -0.3% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-11-11/yuan-hits-five-year-high-as-exports-surge-101803223.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.