USD to CNY mid-rate = 6.9004
Right now the USD/CNY market mid-rate is 6.9004 and represents ideally how many Chinese Yuan you can get for one United States Dollar.
You can calculate equivalent United States Dollar to Chinese Yuan currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for USD to CNY transfers or buying CNY travel money.
USD / CNY Converter
6.9004 Chinese Yuan
Compare how much you can save on
USD/CNY exchange rates for:
| CNY Country Guides |
|---|
 China |
United States Dollar to Chinese Yuan (USD-CNY) - 10 Year History
The below table shows the historic variation in the USD/CNY exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 16 Dec 2018 | 6.9076 | Latest | |
| 09 Dec 2018 | 6.8757 | 1 Week | +0.46% |
| 16 Nov 2018 | 6.9381 | 1 Month | -0.44% |
| 19 Jun 2018 | 6.4884 | 6 Months | +6.46% |
| 16 Dec 2017 | 6.6109 | 1 Year | +4.49% |
| 16 Dec 2016 | 6.9527 | 2 Years | -0.65% |
| 17 Dec 2013 | 6.0877 | 5 Years | +13.47% |
| 18 Dec 2008 | 6.8326 | 10 Years | +1.1% |
Best Rates for USD/CNY Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from USD to CNY.
Foreign Transfers - Exchange Rate Comparison
| Foreign Transfer Providers Ratings & Reviews | Amount CNY(¥) | Exchange Rate | Fee USD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
   Great rates and platform for personal, business and online sellers. Get local currency accounts in GBP, EUR, CAD, USD, AUD, NZD, JPY and CNY. More | 68,706 CNY Top Provider | 6.8706 | 0 | 0.4% | Bank Transfers - Online & Phone | 1-2 days | |
 OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More | 66,832 CNY ¥1,874 less | 6.6832 | 0^ | 3.12% | Bank Transfers - Online & Phone | 1-2 days | |
Banks - Average Rate     Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More | 64,997 CNY ¥3,709 less | 6.5377 | 15 | 5.78% | Online, Branch, Bank Transfers | 2-3 days |
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Travel Money - Exchange Rate Comparison
| Travel Money Providers Ratings & Reviews | Amount CNY(¥) | Exchange Rate | Fee USD | Total Cost | Currency Services | Delivery Speed | Deal Links |
|---|---|---|---|---|---|---|---|
Banks - Average Rate Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More | 6,458 CNY ¥0.4 less | 6.5237 | $10 | 6.38% | Branch | - | |
 Get great travel money rates from Travelex when you order online. More | 6,222.5 CNY ¥236 less | 6.2225 | 0^ | 9.8% | Online order, Branch pickup, Home delivery | 2-3 days |
OrderWhy can't I just get the USD/CNY market rate I see on Google or in the Media?
The USD/CNY mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / CNY was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
The closer your final exchange rate is to the market USD/CNY midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good USD to CNY exchange rate
- Know the latest USD/CNY market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for United States Dollar and Chinese Yuan
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs CNY, you should pay attention to both United States Dollar and Chinese Yuan news and forecasts.
United States Dollar (USD) - Market news and forecasts
14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.
The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.
Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.
The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.
For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.
Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.
Chinese Yuan (CNY) - Market news and forecasts
4-December-18: A number of important economic developments in 2018 have worked to reduce demand for the yuan. Throughout October and November, China’s currency traded at or near to long-term lows at exchange rates near 6.95 to the dollar.
Chief among negative developments was Washington’s agenda of trade protectionism. Massive tariffs imposed on Chinese goods in 2018 make such goods more expensive to American buyers, which lessens their appeal and necessitates a weaker yuan.
Fortunately, at December’s G20 summit in Argentina, US and Chinese leaders agreed to a 3-month suspension on planned increases to tariffs. In the days that followed this trade truce, the yuan climbed to an 11-week high of 6.831.
A tumbling Chinese stock market hasn’t helped the yuan either. While US stocks were slightly higher year-to-date at the time of this report, the Shanghai Composite index was down 20 percent! Investors, therefore, no longer want to buy into Chinese companies and have one less reason to exchange local currency into yuan.
A Mizuho analyst told Bloomberg in early December that he did not see much room for yuan strength given uncertainties over future trade negotiations. Therefore, the yuan may still weaken to the symbolic 7.0 level.
