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USD to CNY - Rate Guide

US 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/Card transactions as shown below.

 

1 USD = 7.0374 CNY

   Sell USD / Buy CNY  Switch

USD to CNY - Trading Range (90 Day)
ALERT: 60-DAY HIGHS 🔔 |
USD/CNY at 7.0374 was trading 0.7% above the 90-day average 6.9862 with a range 6.8597 to 7.0612. ALERT: USD/CNY has risen to 60-DAY HIGHS.
25-FEB 5PM-NY 10PM-LON | 26-Feb 9AM-SYD

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Quick Conversions from US Dollar to Chinese Yuan

USD

CNY

U$ 1
¥ 7.0374
U$ 5
¥ 35.19
U$ 10
¥ 70.37
U$ 20
¥ 140.75
U$ 50
¥ 351.87
U$ 100
¥ 703.74
U$ 250
¥ 1,759
U$ 500
¥ 3,519
U$ 1,000
¥ 7,037
U$ 2,000
¥ 14,075
U$ 5,000
¥ 35,187
U$ 10,000
¥ 70,374
U$ 50,000
¥ 351,870
U$ 100,000
¥ 703,740
More amounts

USD

CNY

U$ 0.1421
¥ 1
U$ 0.7105
¥ 5
U$ 1.4210
¥ 10
U$ 2.8420
¥ 20
U$ 7.1050
¥ 50
U$ 14.21
¥ 100
U$ 35.53
¥ 250
U$ 71.05
¥ 500
U$ 142.10
¥ 1,000
U$ 284.20
¥ 2,000
U$ 710.50
¥ 5,000
U$ 1,421
¥ 10,000
U$ 7,105
¥ 50,000
U$ 14,210
¥ 100,000
More amounts

To calculate specific USD/CNY amounts use our Convert USD to CNY quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 Providers Receive CNY(¥)Exchange RateFee USDTotal CostDeal Links
OFX logo
67,575 ¥
Best Overall
6.75750^3.98%
XE logo
69,494 ¥
¥1,919 more
6.949401.25%
TransferWise logo
69,945 ¥
¥2,370 more
7.0304U$510.61%
Wells Fargo Bank logo
66,105 ¥
¥1,470 less
6.6224186.07%
HSBC logo
66,057 ¥
¥1,518 less
6.6156U$156.13%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
65,654 ¥
¥1,921 less
6.6038156.71%
Bank of America International Money Transfers
Bank of America logo
65,227 ¥
¥2,348 less
6.5886U$1007.31%
U.S. Bank International Money Transfers
U.S. Bank logo
65,227 ¥
¥2,348 less
6.5886U$1007.31%
 
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:6.7575 (3.98% from mid-rate)
To Amount (CNY)67,575 ¥
Total Cost:3.98%
Time:
Rate Fetched: Tue Feb 25 2020 18:03:16 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:6.9494 (1.25% from mid-rate)
To Amount (CNY)69,494 ¥
Total Cost:1.25%
Difference:
¥1,919 CNY more than using OFX
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:U$51 USD (0.5% + U$1)
Exchange Rate:7.0304 (0.1% from mid-rate)
To Amount (CNY)69,945 ¥
Total Cost:0.61%
Difference:
¥2,370 CNY more than using OFX
Time:18:05 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→CNY
From Amount (USD)U$10,000
Fee:18
Exchange Rate:6.6224 (5.9% from mid-rate)
To Amount (CNY)66,105 ¥
Total Cost:6.07%
Difference:
¥1,470 CNY less than using OFX
Time:18:05 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:6.6156 (5.99% from mid-rate)
To Amount (CNY)66,057 ¥
Total Cost:6.13%
Difference:
¥1,518 CNY less than using OFX
Time:18:05 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:6.5750 (6.57% from mid-rate)
To Amount (CNY)65,654 ¥
Total Cost:6.71%
Difference:
¥1,921 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:6.5886 (6.38% from mid-rate)
To Amount (CNY)65,227 ¥
Total Cost:7.31%
Difference:
¥2,348 CNY less than using OFX
Time:18:05 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:6.5886 (6.38% from mid-rate)
To Amount (CNY)65,227 ¥
Total Cost:7.31%
Difference:
¥2,348 CNY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/25/2020 - View latest rates
 

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 Providers Amount CNY(¥)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
6,186.4 ¥
Best Overall
6.18640^12.09%
U.S. Bank Foreign Currency
U.S. Bank logo
6,000.8 ¥
¥186 less
6.0008014.73%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
5,941 ¥
¥245 less
6.0008U$1015.58%
Wells Fargo Bank logo
5,880.78 ¥
¥306 less
6.0008U$2016.44%
 
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:6.1864 (12.09% from mid-rate)
To Amount (CNY)6,186.4 ¥
Total Cost:12.09%
Time:
Rate Fetched: Tue Feb 25 2020 18:00:05 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:6.0008 (14.73% from mid-rate)
To Amount (CNY)6,000.8 ¥
Total Cost:14.73%
Time:18:05 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:6.1577 (12.5% from mid-rate)
To Amount (CNY)5,941 ¥
Total Cost:15.58%
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:6.0008 (14.73% from mid-rate)
To Amount (CNY)5,880.78 ¥
Total Cost:16.44%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/25/2020 - View latest rates
 

Country Guides (USD & CNY)

United StatesUnited States (USD)ChinaChina (CNY)East TimorEast Timor (USD)
EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)
ZimbabweZimbabwe (USD)

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.

US Dollar (USD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 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.

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.


How to get Best USD to CNY Exchange Rates

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).

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.

What is a good USD to CNY exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the USD to CNY exchange rate to the present day for periods going back upto 10 years.

PeriodChange*USD/CNYDate
1 Day+0.1%7.029424 Feb 2020
7 Day+0.6%6.997218 Feb 2020
30 Day+1.5%6.936726 Jan 2020
3 Month+0.1%7.029027 Nov 2019
1 Year+5.2%6.689425 Feb 2019
5 Year+12.8%6.237026 Feb 2015
10 Year+3.1%6.828327 Feb 2010

*For period to 25-Feb 21UTC when USD/CNY was 7.0374

When is the best time to exchange USD to CNY?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all USD Exchange Rates