December 26th USD to RMB exchange rate latest update: the midpoint price is 7.0358. How to interpret the market trend?

Beijing Time December 26, 2025, the mid-price of the RMB against the US dollar in the interbank foreign exchange market is quoted at 1 USD to 7.0358 RMB. This quote is up 34 basis points compared to the previous trading day.

At the same time, according to the complete currency basket data published by the China Foreign Exchange Trade System, 1 Euro can be exchanged for 8.2747 RMB, and 100 Japanese Yen for 4.4998 RMB.

01 Exchange Rate Basics

Understanding the USD-RMB exchange rate requires grasping several key concepts. The mid-price, also known as the “RMB exchange rate mid-price,” is authorized by the People’s Bank of China and calculated by the China Foreign Exchange Trade System as a weighted average of the quotes from market makers before the daily opening of the interbank foreign exchange market. It is regarded as the official benchmark for the RMB exchange rate on that day. For example, the 7.0358 published on December 26 is the most important reference price for that day.

In addition to the mid-price, there is also a distinction between offshore RMB (CNH) and onshore RMB (CNY). Offshore RMB is traded outside mainland China, with prices determined by international market supply and demand, and its trend is often observed through the USDCNH currency pair.

Foreign exchange trading platforms like moomoo will convert and display user account assets, profit and loss, and other data using USD as the base currency.

02 Latest Official Data

According to the latest authorized information released by the People’s Bank of China, the RMB mid-price on December 26, 2025, is as follows:

• US Dollar: 1 USD to 7.0358 RMB.
• Euro: 1 EUR to 8.2747 RMB.
• Japanese Yen: 100 JPY to 4.4998 RMB.
• Hong Kong Dollar: 1 HKD to 0.90486 RMB.

The RMB against USD mid-price is set at 7.0358, up 34 basis points (0.0034 RMB) from the previous trading day’s mid-price. The direction of basis point adjustment provides a microscopic window into monetary policy tendencies and market sentiment.

03 Market Factors Affecting Exchange Rates

Exchange rates are constantly influenced by a complex array of domestic and international factors. Historically, the monetary policy directions of major economies are among the core driving forces. For example, when the market anticipates a shift in the Federal Reserve’s monetary policy, it often triggers fluctuations in the US dollar, which in turn affects the RMB exchange rate. Market liquidity conditions are also important indicators. The financial system injects or withdraws liquidity through tools like reverse repos and lending facilitation, impacting market interest rates and currency prices. Additionally, market sentiment in key industries can indirectly influence exchange rates. For instance, high investment enthusiasm in the technology sector, especially in semiconductors, may attract cross-border capital flows, subtly affecting the exchange rate.

04 Gate Platform and Exchange Rate Dynamics

As a leading global digital asset trading platform, Gate closely monitors traditional financial market developments and provides relevant market insights to users. Gate has previously set and announced strong RMB reference exchange rates in response to market changes to counteract fluctuations in the US Dollar Index. This demonstrates the platform’s high sensitivity and rapid response capability to key changes in the traditional foreign exchange market.

For digital asset traders, understanding the USD-RMB exchange rate is practically significant. Fluctuations in the exchange rate impact the cost and returns of assets valued in the local currency. For example, on trading platforms like moomoo, profit and loss of forex contracts, overnight interest, and other data are converted into the user’s chosen display currency based on real-time exchange rates. On the Gate platform, users can trade various cryptocurrencies pegged to mainstream fiat currencies. When converting digital asset gains into fiat currency or recharging with fiat for investment, real-time exchange rates are crucial for accurate conversions. The platform typically offers competitive reference rates to facilitate cost and profit estimations for users.

05 How to Respond to Foreign Exchange Fluctuations

For ordinary investors and traders, the first step in dealing with exchange rate fluctuations is to establish a basic understanding framework. Grasping fundamental concepts like the mid-price and offshore price is essential. Additionally, professional tools can be used for observation. Besides monitoring the daily mid-price published by the central bank, investors can also track the real-time trend and market sentiment of offshore RMB through USDCNH charts and analysis tools provided by professional trading software like moomoo.

For digital asset investors trading on platforms like Gate, paying attention to market analysis published by the platform can be helpful. These analyses sometimes cover macroeconomic and exchange rate outlooks, providing multi-dimensional references for cross-market asset allocation decisions. On the trading side, if involving fiat and cryptocurrency exchanges, monitoring short-term exchange rate fluctuations can help choose more favorable timing for conversions. Some trading platforms also offer exchange rate alerts and other services to help users manage currency risk.