US Dollar to Chinese Yuan Renminbi Exchange Rate

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= ¥ 6.7174

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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

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 6.6715 Inverse: 0.1499 6.3620 Inverse: 0.1572 6.2624 Inverse: 0.1597 6.0916 Inverse: 0.1642 6.1182 Inverse: 0.1634 6.3576 Inverse: 0.1573 6.7815 Inverse: 0.1475 6.6498 Inverse: 0.1504 6.9434 Inverse: 0.1440 7.0657 Inverse: 0.1415

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

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 6.9958 Inverse: 0.1429 6.9367 Inverse: 0.1442 7.0045 Inverse: 0.1428 7.0964 Inverse: 0.1409 7.0864 Inverse: 0.1411 7.1693 Inverse: 0.1395 7.0784 Inverse: 0.1413 7.0171 Inverse: 0.1425 6.9129 Inverse: 0.1447 6.8287 Inverse: 0.1464

US Dollar to the Chinese Yuan Renminbi for the last 10 days

Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27
1 USD = 6.6976 Inverse: 0.1493 6.6822 Inverse: 0.1497 6.6767 Inverse: 0.1498 6.6511 Inverse: 0.1504 6.6846 Inverse: 0.1496 6.6868 Inverse: 0.1495 6.6868 Inverse: 0.1495 6.6868 Inverse: 0.1495 6.7123 Inverse: 0.1490 6.7055 Inverse: 0.1491

Send money from USD to CNY

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$1 Same day USD 0.00 6.687 CNY 33,436 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
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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


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2 Responses

  1. Default Gravatar
    sylviaOctober 8, 2018

    how do I collect the yuan from an online conversion from USD

    • Avatarfinder Customer Care
      JoshuaOctober 13, 2018Staff

      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

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