The live mid-market USD-CNY exchange rate is 7.1434. Compare currency conversion rates - Reduce FX costs.
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The best USD to CNY exchange rate is 7.1005 from XE. This is -0.6% compared to the mid-market rate 7.1434.
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 Dollar to Yuan comparison table above 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 (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.
Date | USD/CNY | Change | Period |
---|---|---|---|
24 Oct 2024 | 7.1197 | 0.3% ▲ | 2 Week |
09 Aug 2024 | 7.1667 | 0.3% ▼ | 3 Month |
08 Nov 2023 | 7.2803 | 1.9% ▼ | 1 Year |
09 Nov 2019 | 6.9958 | 2.1% ▲ | 5 Year |
10 Nov 2014 | 6.1250 | 16.6% ▲ | 10 Year |
12 Nov 2004 | 8.2754 | 13.7% ▼ | 20 Year |
Here are some popular conversion amounts for USD to CNY (US dollar to Chinese yuan)*.
*Converted at the current USDCNY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts and currency market updates indicate a complex outlook for the USD to CNY exchange rate. Following Donald Trump's victory, the US dollar (USD) has surged to a 90-day high near 7.1762 CNY, driven largely by expectations of a low-tax, pro-business environment aimed at boosting US growth and potentially increasing inflation. Economists note that this backdrop is likely to keep the Federal Reserve's interest rates higher for longer, supporting the dollar further. As traders eye the Fed’s upcoming rate decision, the USD remains buoyed by sentiment, with FX analysts observing a 1.0% increase against its three-month average.
Read our full review of recent USD to CNY forecasts.
There are several ways to save on exchange rates when converting US dollar to Chinese yuan:
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.
Read our Currency guide to China - a practical currency and money guide to travel, living and doing business in China with the Chinese yuan.
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.
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 Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
United States (USD) | China (CNY) |
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In general, prices for basic necessities such as food, clothing, and transportation are lower in China compared to many Western countries. However, the cost of living in major cities like Beijing and Shanghai is higher due to higher rental costs and the higher prices of imported goods. Here are some estimates for common expenses in China: * Rent for a one-bedroom apartment in the city center: $300-$700 per month * Meal at a mid-range restaurant: $5-$20 * Local transportation: $0.50-$3 per trip * Utilities (electricity, heating, water, garbage): $30-$60 per month * Internet: $20-$50 per month Keep in mind that these are just estimates and your actual costs may be higher or lower depending on your specific circumstances. ### Can foreigners buy property in China? Foreigners are generally allowed to buy property in China, although there are some restrictions in place. Foreigners are generally not allowed to buy agricultural land or forests, and there may be additional restrictions on the purchase of certain types of property in certain areas. In general, the process for buying property in China is similar to the process in other countries. You will need to find a suitable property, make an offer, and negotiate the terms of the sale with the seller. You will also need to sign a sales contract and pay a deposit. After the sale is complete, you will need to register the property in your name at the local land registry office. It is important to note that the property market in China can be volatile, and it is advisable to do your due diligence and seek legal and financial advice before making a purchase. It is also important to be aware of any additional taxes or fees that may apply to the purchase of property in China. ![Shanghai "longtang" alleyway](https://bestexchangerates.com/wp-content/uploads/2018/06/shanghai_longtang.jpg) ### Is it difficult doing business in China? Doing business in China can be challenging, as the business environment in China is unique and different from other countries. One of the major challenges of doing business in China is the cultural differences, such as the strict social hierarchy and the emphasis on personal relationships. Building relationships and understanding the culture is essential for doing business in China. Language and communication can also be a challenge for foreigners doing business in China. It is helpful to have someone on the team who speaks Chinese or to hire a translator, especially for contract negotiations or meetings with government officials. 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It is worth to get professional guidance from experts or lawyer to help navigate the complex regulations and cultural differences.
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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