US Dollar to Chinese Yuan Renminbi Exchange Rate
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US Dollar
The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
| Currency: | US Dollar |
| Currency Symbol: | $ |
| Sub unit: | cents |
| Bank notes: | $1, $5, $10, $20, $50, $100 |
| Coins: | 1c, 5c, 10c, 25c, 50c |
Chinese Yuan Renminbi
The yuan renminbi is the official currency of China. With the second highest economy in the world, China the top exporter and second-largest importer in the world. While the IMT approved the yuan as a major world currency in 2015, a recent steep drop in value has jeopardized it being used as a reserve currency.
| Currency: | Chinese Yuan Renminbi |
| Currency Symbol: | ¥ |
| Sub unit: | yuán (元,圆), jiǎo (角), fēn (分) |
| Bank notes: | ¥0.1, ¥0.5, ¥1, ¥0.2, ¥2, ¥5, ¥10, ¥20, ¥50, ¥100 |
| Coins: | ¥0.1, ¥0.5, ¥1 |
US Dollar to the Chinese Yuan Renminbi for the last 10 years
| Jan 2010 | Jan 2011 | Jan 2012 | Jan 2013 | Jan 2014 | Jan 2015 | Jan 2016 | Jan 2017 | Jan 2018 | Jan 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 6.8276 Inverse: 0.1465 | 6.5844 Inverse: 0.1519 | 6.3322 Inverse: 0.1579 | 6.2276 Inverse: 0.1606 | 6.0610 Inverse: 0.1650 | 6.1980 Inverse: 0.1613 | 6.5787 Inverse: 0.1520 | 6.8716 Inverse: 0.1455 | 6.4067 Inverse: 0.1561 | 6.7788 Inverse: 0.1475 |
How does the US dollar trade against the Chinese yuan renminbi historically?
From January 1994 to May 2006, the US dollar traded at around 8 CNY. Between 2000 and mid-2006, its value fluctuated within a margin of less than 0.30 CNY — from 8 CNY to 8.27 CNY. The US dollar fell under the 8 CNY mark to trade at 7.998 CNY in June 2006. The Chinese yuan then began to gain ground, and by the end of 2006 the US dollar was valued at 7.812 CNY.
Signs of China’s improving economy were plain to see by 2006. By 2008, the US subprime crisis had affected our economy, but the Chinese economy showed no sign of slowing. While the dollar remained over the 7 CNY mark until March 2008, it was valued at 6.992 CNY in April 2008.
A recovering economy saw the US dollar stabilize against most major currencies. While the Chinese yuan continued its upward trend, the pace was not particularly noteworthy. In April 2008, it continued to rise in value against the US dollar, and by May 2011 the US dollar traded at slightly less than 6.5 CNY. Signs of economic stabilization were visible by December 2012, at which point the dollar valued at 6.286 CNY.
The slow upward trend of the Chinese yuan continued for a few more months, and the US dollar traded at 6.098 CNY in January 2014. By then, the US economy was buoyed by a rise in consumer confidence and consumption as well as an increase in the employment rate. After a spell of dominance, the CNY fell by around 2%, with the dollar trading at 6.129 CNY in December 2014.
An early 2015 Goldman Sachs report predicted strong growth in the economy through 2017, which led to the US dollar gaining ground against most currencies. By April 2015 the dollar was valued at 6.095 CNY, around which it stayed until July 2015. In August 2015, the Chinese yuan increased in value slightly to trade against the dollar at 6.317 CNY.
US Dollar to the Chinese Yuan Renminbi for the last 10 months
| Mar 2019 | Apr 2019 | May 2019 | Jun 2019 | Jul 2019 | Aug 2019 | Sep 2019 | Oct 2019 | Nov 2019 | Dec 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 6.7181 Inverse: 0.1489 | 6.7259 Inverse: 0.1487 | 6.9003 Inverse: 0.1449 | 6.8771 Inverse: 0.1454 | 6.8725 Inverse: 0.1455 | 7.0960 Inverse: 0.1409 | 7.1317 Inverse: 0.1402 | 7.0656 Inverse: 0.1415 | 7.0335 Inverse: 0.1422 | 6.9958 Inverse: 0.1429 |
US Dollar to the Chinese Yuan Renminbi for the last 10 days
| Jan 12 | Jan 13 | Jan 14 | Jan 15 | Jan 16 | Jan 17 | Jan 18 | Jan 19 | Jan 20 | Jan 21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 6.9193 Inverse: 0.1445 | 6.8937 Inverse: 0.1451 | 6.9013 Inverse: 0.1449 | 6.8908 Inverse: 0.1451 | 6.8791 Inverse: 0.1454 | 6.8597 Inverse: 0.1458 | 6.8597 Inverse: 0.1458 | 6.8597 Inverse: 0.1458 | 6.8669 Inverse: 0.1456 | 6.9059 Inverse: 0.1448 |
Send money from USD to CNY
Market rate for common transfer amounts USD to CNY
| US Dollars (USD) | Chinese Yuan Renminbi (CNY) |
|---|---|
| $1 | 0 |
| $100 | 0 |
| $500 | 0 |
| $1000 | 0 |
| $1500 | 0 |
| $2500 | 0 |
| $5000 | 0 |
Ask an Expert
how do I collect the yuan from an online conversion from USD
Hi Sylvia,
Thanks for getting in touch with finder. I hope all is well with you. :)
You can collect your converted Yuan money depending on the options provided by your provider. Most providers would send you the money to your bank account while others may send it to your doorsteps. To confirm, it would be a good idea to directly check with your provider to learn more about how you will receive your converted money.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua