USD to CNY remains volatile, recently peaking at 7.1298 amid mixed economic signals. Analysts note the US dollar's strength, driven by solid employment data, while the CNY gains traction from PBOC measures. Watch for upcoming US inflation reports and trade talks, as these will shape future dynamics

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What is the best Send Money conversion rate for USD to CNY?

The best USD to CNY exchange rate is 7.0056 from Western Union. This is -1.6% compared to the mid-market rate 7.1195.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Chinese yuan (CNY) rates from different sources before making a conversion.

The above Dollar to Yuan comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-CNY mid-rate and the possible savings of using various providers. 

How do USD-CNY rates compare between providers?

Looking at the full USD to CNY - Send Money comparison table the provider with the best USD to CNY exchange rate is Western Union at 7.0056, -1.6% from the latest mid-market rate 7.1195.

The next best is Wise at 7.0046, -1.6% from the mid-rate.

Then OFX at 6.8684, which is -3.5% from the mid-rate.

Among the banks the Chase Bank rate is 6.4628 at -9.2% the Wells Fargo Bank rate is 6.4414 at -9.5% and the Citibank rate is 6.7689 at -4.9% compared to the mid-rate 7.1195.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

Compare USD to CNY Transfer Rates