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USD to CNY - Rate Guide

United States Dollar to Chinese Yuan exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD/CNY update & alerts

1 USD = 7.0388 CNY

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USD to CNY - Trading Range (90 Day)
14-DAY HIGH (7d)
USD/CNY 90-DAY TREND: At 7.0343 USD to CNY is trading 0.5% below the average 7.0725 with a range 6.9786 to 7.1486. There are no current alerts.
10 Dec, 2019 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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USD/CNY Exchange Rates and Providers Compared

This guide to the United States Dollar to Chinese Yuan exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to CNY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our USD/CNY Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/CNY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to CNY International Money Transfers

  

Foreign Transfer ProvidersReceive CNY(¥)Exchange RateFee USDTotal CostDeal Links
OFX logo
¥67,820
Best Overall
6.7820^3.65%
XE logo
¥69,508
¥1,688 more
6.950801.25%
Wells Fargo Bank logo
¥66,344
¥1,476 less
6.6464185.75%
HSBC logo
¥66,296
¥1,524 less
6.6396U$155.81%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
¥65,892
¥1,928 less
6.6278156.39%
Bank of America International Money Transfers
Bank of America logo
¥65,464
¥2,356 less
6.6125U$1007%
U.S. Bank International Money Transfers
U.S. Bank logo
¥65,464
¥2,356 less
6.6125U$1007%
 
OFX logo
OFX: Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:6.7820 (3.65% from mid-rate)
To Amount (CNY) ¥67,820
Total Cost:3.65%
Time:
Rate Fetched: Wed Dec 11 2019 18:03:14 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:
Exchange Rate:6.9508 (1.25% from mid-rate)
To Amount (CNY) ¥69,508
Total Cost:1.25%
Difference:
¥1,688 CNY more than using OFX
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:18
Exchange Rate:6.6464 (5.57% from mid-rate)
To Amount (CNY) ¥66,344
Total Cost:5.75%
Difference:
¥1,476 CNY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:6.6396 (5.67% from mid-rate)
To Amount (CNY) ¥66,296
Total Cost:5.81%
Difference:
¥1,524 CNY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:15
Exchange Rate:6.5989 (6.25% from mid-rate)
To Amount (CNY) ¥65,892
Total Cost:6.39%
Difference:
¥1,928 CNY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:6.6125 (6.06% from mid-rate)
To Amount (CNY) ¥65,464
Total Cost:7%
Difference:
¥2,356 CNY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:6.6125 (6.06% from mid-rate)
To Amount (CNY) ¥65,464
Total Cost:7%
Difference:
¥2,356 CNY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/11/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount CNY(¥)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
¥6,206.9
Best Overall
6.20690^11.82%
U.S. Bank Foreign Currency
U.S. Bank logo
¥6,020.7
¥186 less
6.0207014.46%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
¥5,960
¥247 less
6.0207U$1015.32%
Wells Fargo Bank logo
¥5,900.29
¥307 less
6.0207U$2016.17%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→CNY
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:6.2069 (11.82% from mid-rate)
To Amount (CNY) ¥6,206.9
Total Cost:11.82%
Time:
Rate Fetched: Wed Dec 11 2019 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→CNY
From Amount (USD)U$1,000
Fee:0
Exchange Rate:6.0207 (14.46% from mid-rate)
To Amount (CNY) ¥6,020.7
Total Cost:14.46%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→CNY
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:6.1590 (12.5% from mid-rate)
To Amount (CNY) ¥5,960
Total Cost:15.32%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→CNY
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:6.0207 (14.46% from mid-rate)
To Amount (CNY) ¥5,900.29
Total Cost:16.17%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/11/2019 - See full table

USD and CNY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the USD vs CNY, you should pay attention to the recent market trends for both currencies.

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

Read more in the article USD Forecasts.

 

Chinese Yuan (CNY)

In early August the offshore yuan surged to a decade high of 7.05 per US dollar, breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Increasingly, the yuan is being used as a barometer for progress made on US-China trade talks.

Trade tensions have ramped up again since May when President Trump announced higher tariffs on Chinese goods, after China retaliated with tariffs of its own, and then after Trump placed Huawei on the "entity list," thereby making it impossible for the tech giant to do business with US firms.

Why can't I just get the USD/CNY market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / CNY was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all USD Exchange Rates