Chinese Yuan (CNY/IRR) Posts New All-Time High
The Chinese Yuan (CNY/IRR) hit an unprecedented 298,700 IRR against the Iranian Rial on August 23, 2026, marking a new all-time high. This significant move r...
The Chinese Yuan (CNY/IRR) hit an unprecedented 298,700 IRR against the Iranian Rial on August 23, 2026, marking a new all-time high. This significant move represents a substantial daily gain, extending a streak of consecutive upward sessions and resetting the currency's peak valuation.
Interactive price chart
Event Details
On August 23, the Chinese Yuan reached a high of 298,700 IRR, surpassing the previous all-time record of 289,400 IRR. The session opened at 294,900 IRR, a notable gap up from the prior day's close of 286,700 IRR. Closing at 297,500 IRR, the currency posted a 3.77% daily return with a 2.52% intraday range.
Technical Context
The new record high occurred within a "Bullish" trend, with price above its 20, 50, and 200-day Simple Moving Averages. The Relative Strength Index (RSI) at 73.91 indicates overbought conditions. Strong upward momentum is signaled by the price moving above the upper Bollinger Band, a CCI of 229.83, and a positive, expanding MACD histogram.
Historical Context
The previous all-time high of 289,400 IRR, recorded on July 31 and August 1, 2026, was surpassed by 9,300 IRR. This session also marks the fifth consecutive day of gains for the Chinese Yuan, with its 297,500 IRR closing price being the highest in the last 30 days.
Conclusion
The Chinese Yuan's ascent to a new all-time high of 298,700 IRR on August 23, 2026, represents a significant revaluation. This record, achieved with a 3.77% daily return and a five-day upward streak, establishes a new extreme for the currency in the Iran free market.
Live rates
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