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Understanding the Table:
The comparison table above helps you see the total cost of your KeyBank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
KeyBank is a financial institution headquartered in Cleveland, Ohio, USA. It provides a range of banking and financial services to individuals, businesses, and commercial clients, including deposit accounts, credit cards, loans, mortgages, and wealth management services.
KeyBank serves over 1.5 million customers, including individuals, small businesses, and commercial clients. The bank is known for its focus on environmental sustainability and community development, and has committed to providing $40 billion in community investments and lending over a five-year period. KeyBank also offers a range of foreign exchange (FX) services to help clients manage their international payments and foreign currency transactions.
When you get a quote for your foreign wire transfer from KeyBank on their website, in-app or in-branch, you should make note of the KeyBank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.
Our research shows that on average, the KeyBank exchange rate markup for foreign wires is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in the USA charge this type of markup, we make it easy to see how much you can save by using a global money transfer specialist.
The KeyBank USD to CNY exchange rate is 6.5497. This is -8.7% compared to the latest USD-CNY mid-market rate 7.1750.
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 KeyBank - Dollar to Yuan comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by KeyBank and other foreign exchange providers against the latest USD-CNY mid-rate and the possible savings of using various providers.
Looking at the full USD to CNY - Send Money comparison table the provider with the best USD to CNY exchange rate is Wise at 7.1284, -0.65% from the latest mid-market rate 7.1750.
The next best is Western Union at 7.0602, -1.6% from the mid-rate.
Then WorldRemit at 7.0028, which is -2.4% from the mid-rate.
Among the banks the Chase Bank rate is 6.5425 at -8.8% the Wells Fargo Bank rate is 6.4994 at -9.4% and the Citibank rate is 6.8295 at -4.8% compared to the mid-rate 7.1750.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like KeyBank 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.
View a full list of exchange rates by selecting your Base (from) currency:
