forex trading outlook today - Chinese currency forecast 2012 : The Chinese Yuan exchange rate for October, 2011 averaged 6.371 CNY to USD. That's 1.7 basis points lower than the September, 2011 rate of 6.388, and 29.7 basis points lower than the October, 2010 rate of 6.668. The minor movement in the CNY/USD exchange rate from September to October provides evidence that the short term trend in CNY/USD is relatively flat. If that trend continues in the currency market, we should see an average daily rate in November, 2011 that is close to 6.35.
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