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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:
+c, 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

	Aug 2010	Aug 2011	Aug 2012	Aug 2013	Aug 2014	Aug 2015	Aug 2016	Aug 2017	Aug 2018	Aug 2019
1 USD =	6.7706 Inverse: 0.1477	6.4427 Inverse: 0.1552	6.3743 Inverse: 0.1569	6.1300 Inverse: 0.1631	6.1630 Inverse: 0.1623	6.2095 Inverse: 0.1610	6.6514 Inverse: 0.1503	6.7320 Inverse: 0.1485	6.8343 Inverse: 0.1463	7.0506 Inverse: 0.1418

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

	Oct 2019	Nov 2019	Dec 2019	Jan 2020	Feb 2020	Mar 2020	Apr 2020	May 2020	Jun 2020	Jul 2020
1 USD =	7.1484 Inverse: 0.1399	6.9983 Inverse: 0.1429	7.0353 Inverse: 0.1421	6.9655 Inverse: 0.1436	6.9985 Inverse: 0.1429	6.9370 Inverse: 0.1442	7.0923 Inverse: 0.1410	7.0625 Inverse: 0.1416	7.1157 Inverse: 0.1405	7.0664 Inverse: 0.1415

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

	Jul 27	Jul 28	Jul 29	Jul 30	Jul 31	Aug 01	Aug 02	Aug 03	Aug 04	Aug 05
1 USD =	6.9959 Inverse: 0.1429	7.0008 Inverse: 0.1428	7.0018 Inverse: 0.1428	7.0088 Inverse: 0.1427	6.9752 Inverse: 0.1434	6.9752 Inverse: 0.1434	6.9752 Inverse: 0.1434	6.9809 Inverse: 0.1432	6.9737 Inverse: 0.1434	6.9356 Inverse: 0.1442

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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

Exchange rates from USD to other currencies

View all USD currency pair exchange rates

Adrienne Fuller

Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.

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2 Responses

sylviaOctober 8, 2018

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

Reply
- finder 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
  
  Reply

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