The exchange rate between the Chinese yuan (CNY) and the US dollar (USD) is an important topic for investors and economists due to its impact on global trade and financial markets. In 2016, the total value of CNY exchanged against USD was approximately 4,389.5 billion US dollars, making it one of the largest currencies in international trade and commerce.

One of the key factors that affects the exchange rate between CNY and USD is the strength of the Chinese economy. A strong economy can lead to increased demand for the CNY relative to other currencies, which can drive up its value against USD. On the other hand, a weak economy can lead to decreased demand for the CNY, which can result in a lower value against USD.

In 2016, China's economy continued to grow at a steady pace, with GDP increasing by 6.7% year-over-year. This strong economic performance led to increased demand for the CNY relative to other currencies, particularly those used in international trade and finance. As a result, the CNY appreciated against USD during much of 2016, reaching a high of approximately 6.92 CNY to 1 USD at the end of 2016.

However, there were also several events and factors that influenced the exchange rate between CNY and USD during 2016. One such event was the US Federal Reserve's decision to raise interest rates in December 2015, which led to increased demand for USD and a decrease in demand for other currencies, including the CNY. This resulted in a drop in the value of the CNY against USD during early 2016.

Another factor that influenced the exchange rate between CNY and USD during 2016 was the ongoing trade tensions between China and the US. The two countries have been engaged in a trade war since late 2018, with both sides imposing tariffs on each other's goods and services. This has led to increased uncertainty about the future of global trade and financial markets, which has had a negative impact on both the CNY and USD.

In conclusion, while the total value of CNY exchanged against USD in 2016 was approximately 4,389.5 billion US dollars, it is important for individuals and businesses to carefully monitor changes in the exchange rate and consider their potential impact on financial markets and global trade. By understanding how different factors can affect the value of different currencies relative to the USD, investors and economists can make more informed decisions about managing their finances and investing in global markets.