# China Foreign Exchange Trade System: Offshore and onshore yuan spot exchange rates appreciated against the US dollar in October

> China’s Foreign Exchange Trade System reported that both offshore and onshore yuan spot rates appreciated against the US dollar in October. By October 30, CNH had gained 0.84% and CNY 0.75% from the previous month-end; the CFETS yuan index also rose 0.55%.

- Date: 2026-11-10 · published 2026-11-10T06:24:53.464Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/91297-china-foreign-exchange-trade-system-offshore-and-onshore-yuan-spot-exchange
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan can lower the local-currency cost of imported feed grains and ingredients, potentially supporting Chinese import demand. The exchange-rate move alone implies only a modest price influence.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-01-05 | [China’s offshore yuan surges most against dollar in a year](https://feedsoft.ai/events/73180-china-s-offshore-yuan-surges-most-against-dollar-in-a-year.md) | +0.1% | -1.0% |
| USDCNY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.1% | -0.3% |
| USDCNY | 2017-01-05 | [China's Offshore Yuan is Bossing the US Dollar Around Today](https://feedsoft.ai/events/10253-china-s-offshore-yuan-is-bossing-the-us-dollar-around-today.md) | +0.1% | -1.0% |
| USDCNY | 2023-11-22 | [Offshore Chinese Yuan Gains Over 1,600 Pips Against US Dollar in Past Week](https://feedsoft.ai/events/33394-offshore-chinese-yuan-gains-over-1-600-pips-against-us-dollar-in-past-week.md) | -0.1% | +0.0% |
| USDCNY | 2024-01-05 | [Exclusive: China's state banks act to stem yuan slide onshore and offshore -sources](https://feedsoft.ai/events/32357-exclusive-china-s-state-banks-act-to-stem-yuan-slide-onshore-and-offshore.md) | +0.1% | +0.5% |

## Sources

- zhitongcaijing.com: https://www.zhitongcaijing.com/content/detail/1520863.html

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