When will the closing value for the US dollar to Chinese renminbi (aka yuan) exchange rate reach or exceed 7.70?

The Chinese yuan's value to the US dollar has slipped in 2024 and observers speculate the country could allow its currency to further depreciate (Yahoo [Bloomberg], US News & World Report). The outcome will be determined using data as reported by Google Finance (Google Finance, set to "6M"). Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here. To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.