# Major RMB Exchange Rate Indices All Rise Last Week; Yuan May Continue Moderate Appreciation

> CFETS yuan index rose 0.36 to 103.77 for the week ending October 30, its highest since July 2022, and the BIS index hit a record high. The PBOC midpoint has risen 213 basis points since late September, and analysts expect moderate appreciation to continue in November at a slower pace.

- Date: 2026-11-02 · published 2026-11-03T00:23:30.039Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/76727-major-rmb-exchange-rate-indices-all-rise-last-week-yuan-may-continue-moderate
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Sustained yuan strength and strong exporter settlement support Chinese import purchasing power for feed ingredients, while a slower pace of gains reduces the currency's pull on commodity demand.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-08-30 | [Yuan Appreciation: RMB strengthens when US index continues to fall - CGTN](https://feedsoft.ai/events/69676-yuan-appreciation-rmb-strengthens-when-us-index-continues-to-fall-cgtn.md) | -1.1% | +0.7% |
| USDCNY | 2022-09-29 | [China's yuan unlikely to continue rapid depreciation -state media](https://feedsoft.ai/events/7213-china-s-yuan-unlikely-to-continue-rapid-depreciation-state-media.md) | -1.2% | +0.3% |
| USDCNY | 2018-11-16 | [Is a Chinese yuan appreciation on the way? - CGTN](https://feedsoft.ai/events/62267-is-a-chinese-yuan-appreciation-on-the-way-cgtn.md) | +0.1% | -0.6% |
| USDCNY | 2018-04-01 | [Regulator warns Chinese not to ‘gamble’ on yuan exchange rate \| South China Morning Post](https://feedsoft.ai/events/65714-regulator-warns-chinese-not-to-gamble-on-yuan-exchange-rate-south-china-morning.md) | +0.5% | +1.0% |
| USDCNY | 2021-05-27 | [Yuan’s Blockbuster Week Draws PBOC Attention, Appreciation Bets - Bloomberg](https://feedsoft.ai/events/47316-yuan-s-blockbuster-week-draws-pboc-attention-appreciation-bets-bloomberg.md) | +0.2% | +1.2% |

## Sources

- cnfin.com: https://www.cnfin.com/hb-lb/detail/20261102/4489739_1.html

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