The Citibank USD to CNY rate is 6.8575. This is -6% below the mid-rate. Compare Citibank currency conversion rates - Reduce FX costs.
The Citibank USD to CNY exchange rate is 6.8575. This is -6% compared to the latest USD-CNY mid-market rate 7.2950.
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.
Looking at our comparison table the best USD to CNY exchange rate is 7.2476 from Wise, -0.65% from the mid-market rate 7.2950. The next best rate is 7.1783 from Western Union, -1.6% from the mid-rate. Then WorldRemit with 7.1199 is -2.4% from the mid-rate.
Among the banks, the Chase Bank rate is 6.5657 at -10%, the Wells Fargo Bank rate is 6.5219 at -10.6%, and the Citibank rate is 6.8575 at -6% compared to the mid-rate 7.2950.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank 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.
The Citibank Dollar to Yuan comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest USD-CNY mid-rate (see Market Data below ) and the possible savings of using various providers.
Citibank's exchange rates for wire transfers are generally competitive and transparent, which makes it a good choice for customers who need to send or receive money internationally. However, it's always a good idea to compare rates and fees across different banks and financial institutions to ensure you're getting the best deal possible.
FX Order Watch: Citibank's FX Order Watch allows customers to set their own exchange rates and automatically execute foreign exchange transactions when the desired exchange rate is reached.
When you get a quote for your Citibank Wire Transfer from their website or in-app, you will see the Citibank exchange rate, but it can be difficult to then calculate how much mark-up you are being charged.
While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Sending or receiving international transfers to or from your Citibank bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
US dollar (USD) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/CNY | Change | Period |
|---|---|---|---|
18 Apr 2025 | 7.2958 | 0% ▼ | 2 Week |
01 Feb 2025 | 7.1868 | 1.5% ▲ | 3 Month |
02 May 2024 | 7.2394 | 0.8% ▲ | 1 Year |
03 May 2020 | 7.0625 | 3.3% ▲ | 5 Year |
05 May 2015 | 6.1857 | 17.9% ▲ | 10 Year |
07 May 2005 | 8.2733 | 11.8% ▼ | 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.
The USD to CNY exchange rate has recently been impacted by a mix of geopolitical tensions and economic indicators, leading to a stronger U.S. dollar amidst trade negotiations. Analysts noted that the USD has gained traction following indications from China of a willingness to engage in trade talks, with US Treasury Secretary Scott Bessent expressing confidence in reaching a potential deal. However, attention is turning to forthcoming employment data, with any significant slowdown in job creation potentially causing the dollar to decline.
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 in China plus living and doing business 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) |
The expat life in China can vary greatly depending on a number of factors, including one's location, job, and personal circumstances.
In major cities like Beijing, Shanghai, and Guangzhou, the expat community is well-established and there are many resources available for newcomers, such as expat-oriented social groups and clubs. Living in these cities can offer a good balance of modern conveniences and cultural experiences.
However, life in smaller cities or more rural areas can be more challenging, as the expat community may be smaller and there may be fewer resources available.
Working in China as an expat can be both rewarding and challenging. Some companies will provide good support to expats and may even offer language classes and relocation assistance, while others may not.
Expats in China may experience culture shock and find it difficult to adjust to certain aspects of Chinese culture, such as the strict social hierarchy and the emphasis on maintaining "face". Communication and language barriers can also be an issue, though many expats do learn to speak Chinese to varying degrees.
Expats in China also need to be aware of the different laws and regulations in the country, such as China's strict censorship laws, and be prepared to adapt to the local way of doing things.
Overall, the expat life in China can be both exciting and challenging, offering unique opportunities to experience a different culture and way of life. It is a good idea to be prepared for the different experiences you may encounter, and to have a good support system in place, whether it be friends, family or a community of expats.
Read more at our China (CNY) country guide
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The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
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The Swiss franc has experienced a significant surge, reaching a decade-high against the U.S. dollar, following President Donald Trump's announcement of increased tariffs on Chinese imports. This development has intensified market volatility and heightened demand for safe-haven assets.
Further reading on the Chinese yuan (CNY) - Guides, Reviews & News from our research team.
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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