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    Best USD to CNY Exchange Rates

    The best USD to CNY rate is 7.0728, and is the current mid-market exchange rate. We help you compare US dollar to Chinese yuan rates and costs to this live market rate.

    In this Dollar to yuan (USD/CNY) rate guide:

    Compare exchange rates - USD to CNY

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Chinese yuan (CNY) rates from different sources before making a conversion.

    The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on Dollar to yuan currency rates and the possible savings of using various providers.


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    @bestfxrates : USD/CNY holds at 7.1313, under the 3-month average, post recent USD resilience. FX analysts eye gradual dollar shift as Fed's rate cuts loom. HSBC sees CNY easing to 7.20 by '24 amid China's cautious policy. Market view wary of China's recovery hurdles, suggesting more stimulus ahead. #USDCNY #Forex #MarketUpdate

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    USD to CNY Market Data

    US dollar (USD) to Chinese yuan (CNY) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 USD =
    7.0728We compare provider deals to this wholesale mid-market rate. Read more
    USD to CNY is at 90-day lows near 7.0738, 2.5% below its 3-month average of 7.2572, having traded in a very stable 3.8% range from 7.0738 to 7.3438
    Sell USD   →   Buy CNY
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      1 CNY = 0.1414 USD
    90-DAY LOW
    1-DAY -0.8%
    14 Nov 2023
    2.3% 2 Week
    30 Aug 2023
    2.8% 3 Month
    28 Nov 2022
    1.7% 1 Year
    29 Nov 2018
    2% 5 Year
    30 Nov 2013
    16.1% 10 Year
    03 Dec 2003
    14.4% 20 Year
    USD/CNY historic rates & change to 28-Nov-2023

    Forecasts for USD to CNY

    USDCNY chart
    90-DAY LOW
    1-DAY -0.8%

    According to a recent Reuters Poll of Forex Strategists, the outlook for the USD against major currencies remains strong through the end of the year, bolstered by a steadfast U.S. economy and high Treasury yields. Nonetheless, there is an expectation of a modest weakening next year as the Federal Reserve could be nearing its first rate cut. Despite the resilience of the dollar, influenced by the concerns over global growth and the situation in China, FX analysts are preparing for a gradual shift in the dollar's trajectory as monetary policy changes. Nevertheless, geopolitical and economic uncertainties maintain a potential to affect market movements significantly.

    Read our full USD to CNY forecasts analysis

    USD to CNY flags

    How to get a good USD to CNY exchange rate

    There are several ways to save on exchange rates when converting US dollar to Chinese yuan:

    1. Shop around for the best USD/CNY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/CNY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and CNY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Chinese yuan with US dollar, then it's better for the USD/CNY exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the US dollar rise against the Chinese yuan?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add USD/CNY to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to China - a practical currency and money guide to travel, living and doing business in China with the Chinese yuan.


    Country Currency Guides

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    The expat life in China can vary greatly depending on a number of factors, including one's location, job, and personal circumstances.

    Read more at our China (CNY) country guide


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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