Best USD to CNY exchange rate for today | finder.com

US Dollar to Chinese Yuan Renminbi Exchange Rate

Live Rate

= ¥ 7.0860

Refreshing in: 60s | Wed, Sep 18, 06:25PM GMT

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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

    Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Sep 2015 Sep 2016 Sep 2017 Sep 2018
    1 USD = 6.8271 Inverse: 0.1465 6.7241 Inverse: 0.1487 6.3857 Inverse: 0.1566 6.3166 Inverse: 0.1583 6.1254 Inverse: 0.1633 6.1474 Inverse: 0.1627 6.3712 Inverse: 0.1570 6.6727 Inverse: 0.1499 6.5543 Inverse: 0.1526 6.8707 Inverse: 0.1455

    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

    Nov 2018 Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019
    1 USD = 6.9380 Inverse: 0.1441 6.8951 Inverse: 0.1450 6.7763 Inverse: 0.1476 6.7732 Inverse: 0.1476 6.7131 Inverse: 0.1490 6.6882 Inverse: 0.1495 6.9186 Inverse: 0.1445 6.9256 Inverse: 0.1444 6.8762 Inverse: 0.1454 7.0339 Inverse: 0.1422

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

    Sep 08 Sep 09 Sep 10 Sep 11 Sep 12 Sep 13 Sep 14 Sep 15 Sep 16 Sep 17
    1 USD = 7.1157 Inverse: 0.1405 7.1220 Inverse: 0.1404 7.1128 Inverse: 0.1406 7.1168 Inverse: 0.1405 7.0793 Inverse: 0.1413 7.0795 Inverse: 0.1413 7.0794 Inverse: 0.1413 7.0794 Inverse: 0.1413 7.0673 Inverse: 0.1415 7.0919 Inverse: 0.1410

    Send money from USD to CNY

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 1 1 - 2 days USD 0.00 7.055 CNY
    35,274
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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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