USD/CNY Historical Monthly & Quarterly Returns
Close-to-close returns by month and quarter. Compare performance across years.
Calculated from 46 years of price history (1981–2026).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.6% | 1.3% | +0.6% | 1.0% | 0.4% | — | — | — | — | — | — | — |
| 2025 | 0.7% | +0.4% | 0.4% | +0.2% | 1.0% | 0.5% | +0.5% | 1.0% | 0.2% | 0.0% | 0.6% | 1.2% |
| 2024 | +1.0% | +0.3% | +0.5% | +0.3% | +0.0% | +0.4% | 0.7% | 1.8% | 1.0% | +1.4% | +1.7% | +0.8% |
| 2023 | 2.1% | +2.6% | 0.9% | +0.6% | +2.9% | +2.0% | 1.5% | +1.6% | +0.6% | +0.2% | 2.5% | 0.5% |
| 2022 | +0.1% | 0.8% | +0.5% | +4.2% | +1.0% | +0.4% | +0.7% | +2.2% | +3.3% | +2.6% | 2.9% | 2.7% |
| 2021 | 1.5% | +0.7% | +1.2% | 1.2% | 1.6% | +1.4% | +0.1% | 0.0% | 0.2% | 0.8% | 0.5% | 0.2% |
| 2020 | 0.4% | +0.8% | +1.3% | 0.3% | +1.0% | 1.0% | 1.3% | 1.8% | 0.8% | 1.5% | 1.7% | 0.8% |
| 2019 | 2.6% | 0.1% | +0.3% | +0.4% | +2.5% | 0.5% | +0.3% | +3.9% | 0.1% | 1.5% | 0.1% | 1.0% |
| 2018 | 3.4% | +0.7% | 0.9% | +1.0% | +1.2% | +3.2% | +2.8% | +0.4% | +0.6% | +1.5% | 0.2% | 1.2% |
| 2017 | 1.0% | 0.1% | +0.2% | +0.1% | 1.1% | 0.5% | 0.8% | 2.0% | +1.0% | 0.3% | 0.4% | 1.6% |
| 2016 | +1.3% | 0.4% | 1.5% | +0.3% | +1.6% | +1.0% | 0.1% | +0.6% | 0.1% | +1.6% | +1.7% | +0.7% |
| 2015 | +0.8% | +0.1% | 0.9% | +0.0% | 0.1% | +0.0% | +0.2% | +2.7% | 0.3% | 0.6% | +1.3% | +1.4% |
| 2014 | +0.1% | +1.4% | +1.2% | +0.7% | 0.2% | 0.7% | 0.5% | 0.5% | 0.1% | 0.4% | +0.5% | +1.0% |
| 2013 | 0.2% | +0.0% | 0.2% | 0.7% | 0.5% | +0.0% | 0.1% | 0.1% | +0.0% | 0.4% | 0.0% | 0.6% |
| 2012 | 0.1% | 0.1% | +0.1% | 0.4% | +1.1% | +0.2% | +0.1% | 0.2% | 1.0% | 0.8% | 0.2% | +0.1% |
| 2011 | +0.2% | 0.5% | 0.3% | 0.9% | 0.2% | 0.2% | 0.4% | 0.9% | +0.0% | 0.4% | 0.2% | 0.6% |
| 2010 | +0.0% | 0.0% | +0.0% | 0.0% | +0.1% | 0.7% | 0.1% | +0.5% | 1.7% | 0.3% | 0.1% | 1.1% |
| 2009 | +0.2% | +0.1% | 0.1% | 0.2% | +0.2% | +0.0% | +0.0% | 0.0% | 0.1% | +0.0% | +0.0% | 0.0% |
| 2008 | 1.7% | 1.0% | 1.4% | 0.4% | 0.7% | 1.2% | 0.3% | +0.3% | 0.1% | 0.1% | 0.2% | 0.0% |
| 2007 | 0.4% | 0.4% | 0.1% | 0.3% | 0.8% | 0.4% | 0.5% | 0.4% | 0.5% | 0.4% | 1.0% | 1.3% |
| 2006 | 0.1% | 0.3% | 0.3% | 0.0% | +0.1% | 0.3% | 0.3% | 0.2% | 0.6% | 0.3% | 0.6% | 0.4% |
| 2005 | +0.0% | 0.0% | +0.0% | +0.0% | +0.0% | 0.0% | 2.1% | 0.1% | 0.1% | 0.3% | +0.1% | 0.1% |
| 2004 | +0.0% | 0.0% | +0.0% | +0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.0% | 0.0% | +0.0% | +0.0% |
| 2003 | 0.0% | +0.0% | 0.0% | +0.0% | 0.0% | +0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.0% | 0.0% |
| 2002 | +0.0% | 0.1% | +0.1% | 0.0% | 0.1% | +0.1% | 0.0% | +0.0% | +0.0% | 0.0% | +0.0% | 0.0% |
| 2001 | +0.0% | +0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.0% | 0.0% | 0.0% | +0.0% | +0.1% | 0.0% |
| 2000 | 0.0% | +0.0% | +0.0% | 0.1% | +0.1% | 0.1% | +0.0% | +0.1% | 0.1% | 0.0% | +0.0% | +0.0% |
| 1999 | 0.0% | +0.0% | +0.0% | 0.0% | +0.0% | 0.0% | 0.0% | 0.0% | +0.0% | +0.0% | +0.0% | +0.0% |
| 1998 | +0.0% | +0.0% | 0.4% | +0.4% | +0.0% | +0.0% | +0.0% | +0.0% | 0.4% | 0.0% | +0.0% | +0.0% |
| 1997 | 0.1% | +0.0% | +0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | +0.3% | 0.0% | 0.0% | +0.0% |
| 1996 | 0.0% | +0.1% | +0.2% | 0.0% | 0.1% | 0.0% | 0.0% | 0.1% | 0.1% | 0.0% | +0.0% | 0.0% |
| 1995 | 0.1% | 0.1% | 0.1% | 0.2% | 1.2% | 0.1% | 0.0% | +0.1% | +0.1% | 0.0% | 0.0% | +0.1% |
| 1994 | +50.0% | +0.1% | +0.0% | 0.1% | 0.5% | 0.1% | 0.4% | 0.7% | 0.3% | 0.0% | 0.2% | 0.7% |
| 1993 | +0.4% | 0.6% | 0.4% | 0.4% | +0.6% | +0.6% | +0.0% | +0.5% | 0.1% | +0.0% | +0.3% | 0.1% |
| 1992 | +0.4% | +0.3% | 0.0% | +0.8% | 0.3% | 0.5% | 0.8% | 0.3% | +1.7% | +0.9% | +3.0% | +0.6% |
| 1991 | +0.0% | +0.0% | +0.0% | +1.3% | +0.9% | +0.4% | 0.2% | +0.5% | +0.1% | +0.1% | +0.3% | +0.7% |
| 1990 | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +10.6% | +0.0% |
| 1989 | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +26.9% |
| 1988 | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% |
| 1987 | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% |
| 1986 | +0.0% | +0.2% | +0.4% | 0.9% | +0.6% | 0.4% | +15.8% | +0.0% | +0.3% | +0.2% | +0.0% | +0.0% |
| 1985 | +0.5% | +0.9% | 0.5% | +1.1% | 0.3% | +1.2% | 0.0% | +1.1% | +2.0% | +7.9% | +0.0% | +0.0% |
| 1984 | +4.7% | 1.3% | +0.6% | +3.3% | +4.0% | +1.6% | +3.8% | +3.5% | +6.4% | +2.8% | +5.6% | +0.3% |
| 1983 | +1.0% | +1.4% | +1.3% | 0.4% | +0.4% | 0.5% | +0.5% | 0.4% | 0.5% | +0.2% | +0.5% | 0.4% |
| 1982 | +2.7% | +2.1% | +2.0% | 2.1% | 0.0% | +5.6% | 0.2% | +1.0% | +1.2% | +1.6% | 0.7% | 3.2% |
| 1981 | +3.6% | +1.8% | 0.1% | +4.4% | +3.5% | +0.2% | +1.9% | 0.7% | 0.0% | 0.2% | 2.9% | +1.9% |
| Avg | +1.1% | +0.2% | +0.0% | +0.2% | +0.3% | +0.2% | +0.4% | +0.2% | +0.2% | +0.3% | +0.2% | +0.4% |
| Median | +0.0% | +0.0% | +0.0% | 0.0% | +0.0% | +0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.0% | 0.0% |
| Win % | 37% | 50% | 43% | 37% | 43% | 40% | 31% | 36% | 36% | 29% | 44% | 33% |
2026
Jan0.6%
Feb1.3%
Mar+0.6%
Apr1.0%
May0.4%
Jun—
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan0.7%
Feb+0.4%
Mar0.4%
Apr+0.2%
May1.0%
Jun0.5%
Jul+0.5%
Aug1.0%
Sep0.2%
Oct0.0%
Nov0.6%
Dec1.2%
2024
Jan+1.0%
Feb+0.3%
Mar+0.5%
Apr+0.3%
May+0.0%
Jun+0.4%
Jul0.7%
Aug1.8%
Sep1.0%
Oct+1.4%
Nov+1.7%
Dec+0.8%
2023
Jan2.1%
Feb+2.6%
Mar0.9%
Apr+0.6%
May+2.9%
Jun+2.0%
Jul1.5%
Aug+1.6%
Sep+0.6%
Oct+0.2%
Nov2.5%
Dec0.5%
2022
Jan+0.1%
Feb0.8%
Mar+0.5%
Apr+4.2%
May+1.0%
Jun+0.4%
Jul+0.7%
Aug+2.2%
Sep+3.3%
Oct+2.6%
Nov2.9%
Dec2.7%
2021
Jan1.5%
Feb+0.7%
Mar+1.2%
Apr1.2%
May1.6%
Jun+1.4%
Jul+0.1%
Aug0.0%
Sep0.2%
Oct0.8%
Nov0.5%
Dec0.2%
2020
Jan0.4%
Feb+0.8%
Mar+1.3%
Apr0.3%
May+1.0%
Jun1.0%
Jul1.3%
Aug1.8%
Sep0.8%
Oct1.5%
Nov1.7%
Dec0.8%
2019
Jan2.6%
Feb0.1%
Mar+0.3%
Apr+0.4%
May+2.5%
Jun0.5%
Jul+0.3%
Aug+3.9%
Sep0.1%
Oct1.5%
Nov0.1%
Dec1.0%
2018
Jan3.4%
Feb+0.7%
Mar0.9%
Apr+1.0%
May+1.2%
Jun+3.2%
Jul+2.8%
Aug+0.4%
Sep+0.6%
Oct+1.5%
Nov0.2%
Dec1.2%
2017
Jan1.0%
Feb0.1%
Mar+0.2%
Apr+0.1%
May1.1%
Jun0.5%
Jul0.8%
Aug2.0%
Sep+1.0%
Oct0.3%
Nov0.4%
Dec1.6%
2016
Jan+1.3%
Feb0.4%
Mar1.5%
Apr+0.3%
May+1.6%
Jun+1.0%
Jul0.1%
Aug+0.6%
Sep0.1%
Oct+1.6%
Nov+1.7%
Dec+0.7%
2015
Jan+0.8%
Feb+0.1%
Mar0.9%
Apr+0.0%
May0.1%
Jun+0.0%
Jul+0.2%
Aug+2.7%
Sep0.3%
Oct0.6%
Nov+1.3%
Dec+1.4%
2014
Jan+0.1%
Feb+1.4%
Mar+1.2%
Apr+0.7%
May0.2%
Jun0.7%
Jul0.5%
Aug0.5%
Sep0.1%
Oct0.4%
Nov+0.5%
Dec+1.0%
2013
Jan0.2%
Feb+0.0%
Mar0.2%
Apr0.7%
May0.5%
Jun+0.0%
Jul0.1%
Aug0.1%
Sep+0.0%
Oct0.4%
Nov0.0%
Dec0.6%
2012
Jan0.1%
Feb0.1%
Mar+0.1%
Apr0.4%
May+1.1%
Jun+0.2%
Jul+0.1%
Aug0.2%
Sep1.0%
Oct0.8%
Nov0.2%
Dec+0.1%
2011
Jan+0.2%
Feb0.5%
Mar0.3%
Apr0.9%
May0.2%
Jun0.2%
Jul0.4%
Aug0.9%
Sep+0.0%
Oct0.4%
Nov0.2%
Dec0.6%
2010
Jan+0.0%
Feb0.0%
Mar+0.0%
Apr0.0%
May+0.1%
Jun0.7%
Jul0.1%
Aug+0.5%
Sep1.7%
Oct0.3%
Nov0.1%
Dec1.1%
2009
Jan+0.2%
Feb+0.1%
Mar0.1%
Apr0.2%
May+0.2%
Jun+0.0%
Jul+0.0%
Aug0.0%
Sep0.1%
Oct+0.0%
Nov+0.0%
Dec0.0%
2008
Jan1.7%
Feb1.0%
Mar1.4%
Apr0.4%
May0.7%
Jun1.2%
Jul0.3%
Aug+0.3%
Sep0.1%
Oct0.1%
Nov0.2%
Dec0.0%
2007
Jan0.4%
Feb0.4%
Mar0.1%
Apr0.3%
May0.8%
Jun0.4%
Jul0.5%
Aug0.4%
Sep0.5%
Oct0.4%
Nov1.0%
Dec1.3%
2006
Jan0.1%
Feb0.3%
Mar0.3%
Apr0.0%
May+0.1%
Jun0.3%
Jul0.3%
Aug0.2%
Sep0.6%
Oct0.3%
Nov0.6%
Dec0.4%
2005
Jan+0.0%
Feb0.0%
Mar+0.0%
Apr+0.0%
May+0.0%
Jun0.0%
Jul2.1%
Aug0.1%
Sep0.1%
Oct0.3%
Nov+0.1%
Dec0.1%
2004
Jan+0.0%
Feb0.0%
Mar+0.0%
Apr+0.0%
May0.0%
Jun0.0%
Jul0.0%
Aug0.0%
Sep+0.0%
Oct0.0%
Nov+0.0%
Dec+0.0%
2003
Jan0.0%
Feb+0.0%
Mar0.0%
Apr+0.0%
May0.0%
Jun+0.0%
Jul0.0%
Aug0.0%
Sep0.0%
Oct0.0%
Nov+0.0%
Dec0.0%
2002
Jan+0.0%
Feb0.1%
Mar+0.1%
Apr0.0%
May0.1%
Jun+0.1%
Jul0.0%
Aug+0.0%
Sep+0.0%
Oct0.0%
Nov+0.0%
Dec0.0%
2001
Jan+0.0%
Feb+0.0%
Mar0.0%
Apr0.0%
May0.0%
Jun0.0%
Jul+0.0%
Aug0.0%
Sep0.0%
Oct+0.0%
Nov+0.1%
Dec0.0%
2000
Jan0.0%
Feb+0.0%
Mar+0.0%
Apr0.1%
May+0.1%
Jun0.1%
Jul+0.0%
Aug+0.1%
Sep0.1%
Oct0.0%
Nov+0.0%
Dec+0.0%
1999
Jan0.0%
Feb+0.0%
Mar+0.0%
Apr0.0%
May+0.0%
Jun0.0%
Jul0.0%
Aug0.0%
Sep+0.0%
Oct+0.0%
Nov+0.0%
Dec+0.0%
1998
Jan+0.0%
Feb+0.0%
Mar0.4%
Apr+0.4%
May+0.0%
Jun+0.0%
Jul+0.0%
Aug+0.0%
Sep0.4%
Oct0.0%
Nov+0.0%
Dec+0.0%
1997
Jan0.1%
Feb+0.0%
Mar+0.0%
Apr0.0%
May0.0%
Jun0.0%
Jul0.4%
Aug0.0%
Sep+0.3%
Oct0.0%
Nov0.0%
Dec+0.0%
1996
Jan0.0%
Feb+0.1%
Mar+0.2%
Apr0.0%
May0.1%
Jun0.0%
Jul0.0%
Aug0.1%
Sep0.1%
Oct0.0%
Nov+0.0%
Dec0.0%
1995
Jan0.1%
Feb0.1%
Mar0.1%
Apr0.2%
May1.2%
Jun0.1%
Jul0.0%
Aug+0.1%
Sep+0.1%
Oct0.0%
Nov0.0%
Dec+0.1%
1994
Jan+50.0%
Feb+0.1%
Mar+0.0%
Apr0.1%
May0.5%
Jun0.1%
Jul0.4%
Aug0.7%
Sep0.3%
Oct0.0%
Nov0.2%
Dec0.7%
1993
Jan+0.4%
Feb0.6%
Mar0.4%
Apr0.4%
May+0.6%
Jun+0.6%
Jul+0.0%
Aug+0.5%
Sep0.1%
Oct+0.0%
Nov+0.3%
Dec0.1%
1992
Jan+0.4%
Feb+0.3%
Mar0.0%
Apr+0.8%
May0.3%
Jun0.5%
Jul0.8%
Aug0.3%
Sep+1.7%
Oct+0.9%
Nov+3.0%
Dec+0.6%
1991
Jan+0.0%
Feb+0.0%
Mar+0.0%
Apr+1.3%
May+0.9%
Jun+0.4%
Jul0.2%
Aug+0.5%
Sep+0.1%
Oct+0.1%
Nov+0.3%
Dec+0.7%
1990
Jan+0.0%
Feb+0.0%
Mar+0.0%
Apr+0.0%
May+0.0%
Jun+0.0%
Jul+0.0%
Aug+0.0%
Sep+0.0%
Oct+0.0%
Nov+10.6%
Dec+0.0%
1989
Jan+0.0%
Feb+0.0%
Mar+0.0%
Apr+0.0%
May+0.0%
Jun+0.0%
Jul+0.0%
Aug+0.0%
Sep+0.0%
Oct+0.0%
Nov+0.0%
Dec+26.9%
1988
Jan+0.0%
Feb+0.0%
Mar+0.0%
Apr+0.0%
May+0.0%
Jun+0.0%
Jul+0.0%
Aug+0.0%
Sep+0.0%
Oct+0.0%
Nov+0.0%
Dec+0.0%
1987
Jan+0.0%
Feb+0.0%
Mar+0.0%
Apr+0.0%
May+0.0%
Jun+0.0%
Jul+0.0%
Aug+0.0%
Sep+0.0%
Oct+0.0%
Nov+0.0%
Dec+0.0%
1986
Jan+0.0%
Feb+0.2%
Mar+0.4%
Apr0.9%
May+0.6%
Jun0.4%
Jul+15.8%
Aug+0.0%
Sep+0.3%
Oct+0.2%
Nov+0.0%
Dec+0.0%
1985
Jan+0.5%
Feb+0.9%
Mar0.5%
Apr+1.1%
May0.3%
Jun+1.2%
Jul0.0%
Aug+1.1%
Sep+2.0%
Oct+7.9%
Nov+0.0%
Dec+0.0%
1984
Jan+4.7%
Feb1.3%
Mar+0.6%
Apr+3.3%
May+4.0%
Jun+1.6%
Jul+3.8%
Aug+3.5%
Sep+6.4%
Oct+2.8%
Nov+5.6%
Dec+0.3%
1983
Jan+1.0%
Feb+1.4%
Mar+1.3%
Apr0.4%
May+0.4%
Jun0.5%
Jul+0.5%
Aug0.4%
Sep0.5%
Oct+0.2%
Nov+0.5%
Dec0.4%
1982
Jan+2.7%
Feb+2.1%
Mar+2.0%
Apr2.1%
May0.0%
Jun+5.6%
Jul0.2%
Aug+1.0%
Sep+1.2%
Oct+1.6%
Nov0.7%
Dec3.2%
1981
Jan+3.6%
Feb+1.8%
Mar0.1%
Apr+4.4%
May+3.5%
Jun+0.2%
Jul+1.9%
Aug0.7%
Sep0.0%
Oct0.2%
Nov2.9%
Dec+1.9%
Avg
Jan+1.1%
Feb+0.2%
Mar+0.0%
Apr+0.2%
May+0.3%
Jun+0.2%
Jul+0.4%
Aug+0.2%
Sep+0.2%
Oct+0.3%
Nov+0.2%
Dec+0.4%
Median
Jan+0.0%
Feb+0.0%
Mar+0.0%
Apr0.0%
May+0.0%
Jun+0.0%
Jul0.0%
Aug0.0%
Sep0.0%
Oct0.0%
Nov+0.0%
Dec0.0%
Win %
Jan37%
Feb50%
Mar43%
Apr37%
May43%
Jun40%
Jul31%
Aug36%
Sep36%
Oct29%
Nov44%
Dec33%
Frequently asked questions
What is the best performing month for USD/CNY (USDCNY) forex pair?
Historically, January is the best performing month for USD/CNY (USDCNY) forex pair with an average return of +1.13%.
What is the worst performing month for USD/CNY (USDCNY) forex pair?
Historically, March is the worst performing month for USD/CNY (USDCNY) forex pair with an average return of +0.04%.
What is the best performing quarter for USD/CNY (USDCNY) forex pair?
Historically, Q1 is the best performing quarter for USD/CNY (USDCNY) forex pair with an average return of +1.33%.
What is the worst performing quarter for USD/CNY (USDCNY) forex pair?
Historically, Q2 is the worst performing quarter for USD/CNY (USDCNY) forex pair with an average return of +0.72%.
What is the best performing year for USD/CNY (USDCNY) forex pair?
Historically, 1994 is the best performing year for USD/CNY (USDCNY) forex pair with a return of +45.60%.
What is the worst performing year for USD/CNY (USDCNY) forex pair?
Historically, 2008 is the worst performing year for USD/CNY (USDCNY) forex pair with a return of 6.59%.
Which month has the highest win rate for USD/CNY (USDCNY) forex pair?
Historically, February has the highest win rate for USD/CNY (USDCNY) forex pair — positive in 50% of years.
Which month has the lowest win rate for USD/CNY (USDCNY) forex pair?
Historically, October has the lowest win rate for USD/CNY (USDCNY) forex pair — positive in 29% of years.
Which quarter has the highest win rate for USD/CNY (USDCNY) forex pair?
Historically, Q1 has the highest win rate for USD/CNY (USDCNY) forex pair — positive in 41% of years.
Which quarter has the lowest win rate for USD/CNY (USDCNY) forex pair?
Historically, Q2 has the lowest win rate for USD/CNY (USDCNY) forex pair — positive in 35% of years.
Data & methodology
How are returns calculated?
We compare the closing price at the end of each period (month or quarter) with the closing price at the end of the previous period. The return is the percentage change. Based on historical closing prices from our data provider.
What is average vs median?
Average is the arithmetic mean of returns for each period across years. Median is the middle value. Both exclude empty cells. Use median to reduce impact of outliers.
What does the heatmap show?
Green cells indicate positive returns, red cells indicate negative returns. The darker the color, the stronger the move.
What is Win %?
Percentage of years when the period had a positive return.