United States Dollar to Chinese Yuan - Convert Compare Save
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Compare USD/CNY Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for USD/CNY International Money Transfers. Costs are calculated against the amount when USD is converted to CNY at mid-rate.
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64,827 CNY
Best Overall
6.4827
0^
3.31%
Bank Transfers - Online & Phone, Foreign Currency Accounts
The below table shows a snapshot 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.
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Right now the USD/CNY interbank exchange rate is 6.7044.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Chinese Yuan to United States Dollar.
This USD/CNY Converter calculates equivalent United States Dollar to Chinese Yuan amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
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
20 Apr 2019
6.7044
Latest
13 Apr 2019
6.7042
1 Week
0%
21 Mar 2019
6.6990
1 Month
+0.08%
22 Oct 2018
6.9475
6 Months
-3.5%
20 Apr 2018
6.2953
1 Year
+6.5%
20 Apr 2017
6.8824
2 Years
-2.59%
21 Apr 2014
6.2142
5 Years
+7.89%
22 Apr 2009
6.8306
10 Years
-1.85%
Why 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.
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.
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
In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.
The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.
Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.
Chinese Yuan (CNY) - Market news and forecasts
In early 2019, the yuan has appreciated away from long-term lows established in the fourth quarter of last year. By March-13, the yuan held year-to-date gains of 2.5 percent and 4 percent against the dollar (¥6.708) and euro (¥7.574) respectively, and these amounts increase to 4 and 7 percent if current rates are compared with fourth-quarter lows.
The main news piece for yuan investors remains the US-China trade spat, for which negotiations are still taking place. The massive tariffs that might be imposed (or remain) on Chinese goods makes them expensive to American buyers, which lessens their appeal and necessitates a weaker yuan, especially so if Beijing instructs the PBOC to intentionally weaken the currency to offset the impacts of tariffs (in March, the PBOC denied it would devalue the yuan to boost exports, or strengthen it to ease trade tensions).
For now, the yuan will continue trading between ¥6.65 to ¥6.90 to the dollar, a Natwest analyst said in March.
Nomura argued that the yuan was already overvalued against the dollar and would weaken "in the medium to long term," although it couldn’t offer any precise exchange rate targets.
China