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USD/CNY - Convert Compare Save

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.

 

This resource page for the United States Dollar to Chinese Yuan exchange rate, has news, forecasts and USD to CNY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

USD/CNY Exchange Rates - How to Compare & Save

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
68,205 CNY
Best Overall
6.82050^3.88%
XE logo
70,073 CNY
1,868 CNY
7.007301.25%
Wells Fargo Bank logo
66,721 CNY
1,484 CNY
6.6841185.97%
HSBC logo
66,673 CNY
1,532 CNY
6.6773$156.04%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
66,266 CNY
1,939 CNY
6.6654156.61%
Bank of America International Money Transfers
Bank of America logo
65,835 CNY
2,370 CNY
6.65$1007.22%
U.S. Bank International Money Transfers
U.S. Bank logo
65,835 CNY
2,370 CNY
6.65$1007.22%
 
OFX: Foreign Transfer USD→CNY
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:6.8205 (3.88% from mid-rate)
CNY amount:68,205 CNY
Total Cost:3.88%
Time:
Rate Fetched: Sun Aug 25 2019 04:03:14 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE: Foreign Transfer USD→CNY
USD amount:$10,000 USD
Fee:
Exchange Rate:7.0073 (1.25% from mid-rate)
CNY amount:70,073 CNY
Total Cost:1.25%
Difference:
1,868 CNY more than using OFX
Time:6:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→CNY
USD amount:$10,000 USD
Fee:18
Exchange Rate:6.6841 (5.8% from mid-rate)
CNY amount:66,721 CNY
Total Cost:5.97%
Difference:
1,484 CNY less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→CNY
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:6.6773 (5.9% from mid-rate)
CNY amount:66,673 CNY
Total Cost:6.04%
Difference:
1,532 CNY less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→CNY
USD amount:$10,000 USD
Fee:15
Exchange Rate:6.6363 (6.48% from mid-rate)
CNY amount:66,266 CNY
Total Cost:6.61%
Difference:
1,939 CNY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→CNY
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:6.6500 (6.29% from mid-rate)
CNY amount:65,835 CNY
Total Cost:7.22%
Difference:
2,370 CNY less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→CNY
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:6.6500 (6.29% from mid-rate)
CNY amount:65,835 CNY
Total Cost:7.22%
Difference:
2,370 CNY less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/25/2019 - 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
U.S. Bank Foreign Currency
U.S. Bank logo
6,642.2 CNY
Compare
6.642206.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
6,576 CNY
66 CNY
6.6422$107.33%
Wells Fargo Bank logo
6,509.36 CNY
133 CNY
6.6422$208.27%
Travelex Online US logo
6,244 CNY
398 CNY
6.2440^12.01%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→CNY
USD amount:$1,000 USD
Fee:0
Exchange Rate:6.6422 (6.4% from mid-rate)
CNY amount:6,642.2 CNY
Total Cost:6.4%
Time:6:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→CNY
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:6.2090 (12.5% from mid-rate)
CNY amount:6,576 CNY
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→CNY
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:6.6422 (6.4% from mid-rate)
CNY amount:6,509.36 CNY
Total Cost:8.27%
Time:6:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→CNY
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:6.244 (12.01% from mid-rate)
CNY amount:6,244 CNY
Total Cost:12.01%
Time:
Rate Fetched: Sun Aug 25 2019 04:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

USD to CNY interbank exchange rate = 7.096

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on USD/CNY exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

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

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