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
| Apr 2010 | Apr 2011 | Apr 2012 | Apr 2013 | Apr 2014 | Apr 2015 | Apr 2016 | Apr 2017 | Apr 2018 | Apr 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 6.8263 Inverse: 0.1465 | 6.5440 Inverse: 0.1528 | 6.3094 Inverse: 0.1585 | 6.2152 Inverse: 0.1609 | 6.2040 Inverse: 0.1612 | 6.1573 Inverse: 0.1624 | 6.4794 Inverse: 0.1543 | 6.8858 Inverse: 0.1452 | 6.3040 Inverse: 0.1586 | 6.7177 Inverse: 0.1489 |
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
| Jun 2019 | Jul 2019 | Aug 2019 | Sep 2019 | Oct 2019 | Nov 2019 | Dec 2019 | Jan 2020 | Feb 2020 | Mar 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 6.9083 Inverse: 0.1448 | 6.8937 Inverse: 0.1451 | 7.0506 Inverse: 0.1418 | 7.1487 Inverse: 0.1399 | 7.1484 Inverse: 0.1399 | 6.9983 Inverse: 0.1429 | 7.0353 Inverse: 0.1421 | 6.9454 Inverse: 0.1440 | 7.0016 Inverse: 0.1428 | 6.9466 Inverse: 0.1440 |
US Dollar to the Chinese Yuan Renminbi for the last 10 days
| Mar 26 | Mar 27 | Mar 28 | Mar 29 | Mar 30 | Mar 31 | Apr 01 | Apr 02 | Apr 03 | Apr 04 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 7.0741 Inverse: 0.1414 | 7.0964 Inverse: 0.1409 | 7.0964 Inverse: 0.1409 | 7.0964 Inverse: 0.1409 | 7.1003 Inverse: 0.1408 | 7.0824 Inverse: 0.1412 | 7.1003 Inverse: 0.1408 | 7.0842 Inverse: 0.1412 | 7.0923 Inverse: 0.1410 | 7.0923 Inverse: 0.1410 |
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