3 Month CNY Swap Rate: Current & Historical
The 3 month CNY swap rate is the fixed rate exchanged for the 7-day repo fixing over the next 3 months, quoted annualised. Check the current rate, its one-year chart and daily history, with downloads straight to Excel.
CNY · 3M · CNY
52-wk range
1.40% – 1.63%
Last update:
Recent daily closes
| Date | Rate | Daily change |
|---|---|---|
| Live | – | |
| 27 Jul 2026 | 1.44% | +1 bp |
| 24 Jul 2026 | 1.43% | -1 bp |
| 23 Jul 2026 | 1.44% | 0 bp |
| 22 Jul 2026 | 1.44% | 0 bp |
| 21 Jul 2026 | 1.44% | 0 bp |
| 20 Jul 2026 | 1.44% | 0 bp |
| 17 Jul 2026 | 1.44% | 0 bp |
| 16 Jul 2026 | 1.44% | 0 bp |
| 15 Jul 2026 | 1.44% | 0 bp |
| 14 Jul 2026 | 1.44% | 0 bp |
Rates built from interdealer broker and exchange quotes. Read how we build these rates.
This is yesterday's close
See the live 3 month CNY swap rate
- Live mids, refreshed every minute
- Full 3 month daily history to Excel
- Every CNY tenor, 3 months to 10 years
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Live 3 month CNY in Excel & API
If you're on this page more than once a month, you don't need a rate, you need a feed. One function, always-live curves, straight in your model.
// Excel: live 7D REPO swap rate in a cell =BlueGamma.SWAP_RATE("7D REPO", start_date, maturity_date, "1Y") # API: the same rate, one GET away GET api.bluegamma.io/v1/swap_rate ?index=7D REPO&start_date=2D&maturity_date=3M x-api-key: your_api_key
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FAQs
The 3 month CNY swap rate is the fixed interest rate, quoted annualised, that market participants exchange for the 7-day repo fixing over the next 3 months. It is set in the interdealer swap market and moves continuously with expectations for People's Bank of China policy.
The rate shown on this page is the previous Chinese business day's close; the live rate is available in the BlueGamma app.
Three common reasons:
- Timing: this page shows the previous Chinese business day's mid-market close, while banks quote off the live curve, which moves through the day.
- Spread: the mid-market rate is the raw interbank level. A bank's quote adds a credit and execution charge, and on a loan a lending margin on top.
- Conventions: a quote using a different payment frequency or day count will differ slightly from the annual/annual rate shown here.
If you are comparing a quote against the market, compare it with the live mid rate at the time of the quote.
Almost entirely the expected path of CNY over the next 3 months. There is very little term premium at this maturity, so the rate sits close to the average overnight fixing the market expects between now and the maturity date.
That makes the short end a clean read on near-term People's Bank of China policy: when the market prices a cut inside the next 3 months, the 3 month CNY swap rate trades below today's CNY fixing, and above it when a hike is priced.
This page shows the last 12 months of daily closes, the 52-week range and dated lookbacks.
The BlueGamma app carries the full daily history for every CNY tenor, alongside 20+ other currencies, with downloads straight to Excel.
BlueGamma takes quotes directly from leading inter-dealer brokers and exchanges, bootstraps them into ready-to-use curves, and validates the output for consistency on a regular basis.
The rates shown on this page are the previous Chinese business day’s close. Live rates, refreshed every minute, are available in the BlueGamma app with a free trial.
More on CNY
CNY Swap Rates for All Tenors
The full rates table: every liquid CNY tenor with one-week, one-month and one-year history.
CNY 7D REPO Forward Curve
Where the market prices the 7-day repo rate going next, charted and downloadable.
Chinese Government Bond Yields
The CGB curve alongside the swap curve, for spread work.
More from BlueGamma
Or browse the full swap rate catalogue, covering all 86 rates across 33 currencies.