Exchange Rate Calculator

The exchange rate between the Chinese Yuan (CNY) and the Japanese Yen (JPY) has experienced notable fluctuations over the past year, influenced by various economic policies and market dynamics. Understanding these movements is crucial for businesses and investors engaged in the Asian markets.

Historical Exchange Rate Trends

In 2024, the CNY/JPY exchange rate exhibited significant volatility. The highest recorded rate was 22.231 JPY per CNY on July 3, 2024, while the lowest was 19.829 JPY per CNY on September 16, 2024. The average exchange rate for the year stood at 21.087 JPY per CNY. (exchange-rates.org)

Between September 20, 2024, and March 19, 2025, the exchange rate ranged from a low of 20.255 JPY per CNY on March 10, 2025, to a high of 21.642 JPY per CNY on January 29, 2025, with an average rate of 21.079 JPY per CNY during this period. (exchange-rates.org)

Factors Influencing Exchange Rate Movements

Several key factors have contributed to the fluctuations in the CNY/JPY exchange rate:

• Monetary Policy Divergence: The Bank of Japan (BOJ) and the People's Bank of China (PBOC) have pursued differing monetary policies. The BOJ's rate hikes have bolstered the yen, while the PBOC's rate cuts have pressured the yuan downwards. (reuters.com)

• Economic Performance: China's economic struggles have led to policy easing by the PBOC to stimulate growth, impacting the yuan's value. Conversely, Japan's economic indicators have supported a stronger yen. (reuters.com)

• Trade Relations: The intensifying U.S.-China trade dispute has added uncertainty to the yuan's stability, influencing its exchange rate against the yen. (reuters.com)

Recent Developments

As of March 20, 2025, the CNY/JPY exchange rate was 20.5439, reflecting a slight decrease of 0.08% from the previous day. (investing.com) This recent trend indicates a stabilization in the exchange rate, possibly due to market adjustments to the ongoing monetary policies and economic conditions in both countries.

Implications for Stakeholders

Understanding the dynamics of the CNY/JPY exchange rate is essential for businesses and investors operating in the Asian markets. The divergence in monetary policies between China and Japan suggests that the yuan and yen may continue to move independently, affecting trade and investment decisions. Additionally, the broader impact on other Asian currencies, which have historically been influenced by the dollar/yuan relationship, now face uncertainty on whether they will follow the yen's or yuan's trajectory. (reuters.com)

Conclusion

The CNY/JPY exchange rate has been shaped by a complex interplay of monetary policies, economic performance, and international trade relations. Stakeholders should closely monitor these factors to make informed decisions in the evolving economic landscape.