The OFX USD to CNY rate is 7.0469. This is -3.3% below the mid-rate. Compare OFX currency conversion rates - Reduce FX costs.
The OFX USD to CNY exchange rate is 7.0469. This is -3.3% compared to the latest USD-CNY mid-market rate 7.2870.
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 7.2396 from Wise, -0.65% from the mid-market rate 7.2870. The next best rate is 7.1704 from Western Union, -1.6% from the mid-rate. Then WorldRemit with 7.1121 is -2.4% from the mid-rate.
Among the banks, the Chase Bank rate is 6.6461 at -8.8%, the Wells Fargo Bank rate is 6.6024 at -9.4%, and the Citibank rate is 6.9376 at -4.8% compared to the mid-rate 7.2870.
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 like OFX or platforms that offer rates closer to the mid-market rate.
The table below shows OFX US dollar (USD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | OFX Send Money Rate | Cost% |
|---|---|---|---|
| USD - AED | 3.6731 | 3.6547 | -0.5%* |
| USD - AUD | 1.5669 | 1.5591 | -0.5%* |
| USD - BND | 1.3143 | 1.2511 | -4.8% |
| USD - CAD | 1.3869 | 1.38 | -0.5%* |
| USD - CHF | 0.8304 | 0.8262 | -0.51%* |
| USD - CNY | 7.2870 | 7.0469 | -3.3% |
| USD - CZK | 21.97 | 21.86 | -0.5%* |
| USD - DKK | 6.5750 | 6.5421 | -0.5%* |
| USD - EUR | 0.8807 | 0.8763 | -0.5%* |
| USD - FJD | 2.2595 | 2.1445 | -5.1% |
| USD - GBP | 0.7505 | 0.7467 | -0.51%* |
| USD - HKD | 7.7564 | 7.7176 | -0.5%* |
| USD - HUF | 357.74 | 355.95 | -0.5%* |
| USD - IDR | 16,856 | 15.808 | - |
| USD - ILS | 3.6207 | 3.6026 | -0.5%* |
| USD - INR | 85.43 | 82.39 | -3.6% |
| USD - JPY | 143.37 | 142.65 | -0.5%* |
| USD - KRW | 1,439.2 | 0.988 | - |
| USD - KWD | 0.3066 | 0.3051 | -0.49%* |
| USD - LKR | 299.63 | 289.0149 | -3.5% |
| USD - MAD | 9.2755 | 8.9286 | -3.7% |
| USD - MGA | 4,453.9 | 3.86 | - |
| USD - MXN | 19.61 | 19.51 | -0.51%* |
| USD - MYR | 4.3740 | 4.3521 | -0.5%* |
| USD - NOK | 10.44 | 10.39 | -0.48%* |
| USD - NZD | 1.6786 | 1.6702 | -0.5%* |
| USD - OMR | 0.3850 | 0.3738 | -2.9% |
| USD - PEN | 3.6728 | 3.5441 | -3.5% |
| USD - PGK | 4.0804 | 3.8818 | -4.9% |
| USD - PHP | 56.27 | 55.99 | -0.5%* |
| USD - PKR | 281.37 | 272.3181 | -3.2% |
| USD - PLN | 3.7601 | 3.7413 | -0.5%* |
| USD - SAR | 3.7511 | 3.6262 | -3.3% |
| USD - SBD | 8.3300 | 7.474 | -10.3% |
| USD - SCR | 14.26 | 13.1496 | -7.8% |
| USD - SEK | 9.7024 | 9.6539 | -0.5%* |
| USD - SGD | 1.3147 | 1.3081 | -0.5%* |
| USD - THB | 33.57 | 33.4 | -0.51%* |
| USD - TOP | 2.4078 | 2.2111 | -8.2% |
| USD - TRY | 38.41 | 38.22 | -0.49%* |
| USD - TWD | 32.55 | 31.1261 | -4.4% |
| USD - VND | 26,021 | 24552.6026 | - |
| USD - VUV | 118.72 | 110.532 | -6.9% |
| USD - WST | 2.8000 | 2.4791 | -11.5% |
| USD - XOF | 577.72 | 557.2272 | -3.5% |
| USD - XPF | 105.10 | 101.4481 | -3.5% |
| USD - ZAR | 18.83 | 18.74 | -0.48%* |
* BER discount rate that we have negotiated with OFX. To obtain these special rates, click through to OFX from our above exchange rate comparison tool.
The OFX Dollar to Yuan comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest USD-CNY mid-rate (see Market Data below ) and the possible savings of using various providers.
OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.
OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.
OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.
When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.
Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.
Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.
OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.
When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.
For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.
US dollar (USD) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/CNY | Change | Period |
|---|---|---|---|
11 Apr 2025 | 7.2922 | 0.1% ▼ | 2 Week |
25 Jan 2025 | 7.2441 | 0.6% ▲ | 3 Month |
25 Apr 2024 | 7.2396 | 0.7% ▲ | 1 Year |
26 Apr 2020 | 7.0819 | 2.9% ▲ | 5 Year |
28 Apr 2015 | 6.1855 | 17.8% ▲ | 10 Year |
30 Apr 2005 | 8.2732 | 11.9% ▼ | 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 for the USD to CNY exchange rate reflect a complex interplay of trade tensions and economic fundamentals. The US dollar (USD) has recently shown signs of volatility, initially rallying amidst hopes of de-escalation in trade disputes, particularly with China. This optimism was somewhat tempered by mixed market sentiment and concerns surrounding the potential for recession in the US, as highlighted by analysts discussing President Trump’s tariffs. The imposition of a 10% tariff on numerous exporters, particularly targeting China, led to speculation that the USD gained support due to safe-haven demand amidst rising geopolitical tensions.
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.
Read more at our China (CNY) country guide
News2025-04-14
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.
News2025-04-11
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
^ Scroll back up to ^
^
