RMB Volatility: CFETS Index Gains Into Month-End

Currency movement remains a practical procurement variable. When the RMB moves, suppliers may shorten quote validity, adjust payment timing assumptions, or add buffers to export pricing.

At the end of March 2026, the CFETS RMB Index was 100.87, up 2.32% from the previous month. The BIS currency basket RMB index and SDR currency basket RMB index also increased over the same period.

For sourcing projects, the operational response is straightforward: confirm the currency basis of each quotation, keep quote validity dates visible, and align supplier payment milestones before placing purchase orders.

Source: China Foreign Exchange Trade System, April 1, 2026 update.