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

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

US dollar to Chinese yuan renminbi exchange rate

Find the best USD/CNY exchange rate for 08 Mar 2021.

Live Rate

= ¥ 6.5294

Refreshing in: 60s | Mon, Mar 08, 10:56AM GMT

  • Cheap transfers
  • Bank-beating exchange rates
  • Safe and reliable

Send money to China with TransferWise

Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.

  • Fair service fees and mid-market rates – a major market differentiator
  • Next-day delivery for most currencies
  • Easy-to-use app
Promoted

Looking for the best exchange rate?

There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

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

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 USD = 6.5660 Inverse: 0.1523 6.3177 Inverse: 0.1583 6.2288 Inverse: 0.1605 6.1268 Inverse: 0.1632 6.2424 Inverse: 0.1602 6.5181 Inverse: 0.1534 6.9025 Inverse: 0.1449 6.3261 Inverse: 0.1581 6.7151 Inverse: 0.1489 6.9320 Inverse: 0.1443

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

May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021
1 USD = 7.1047 Inverse: 0.1408 7.0820 Inverse: 0.1412 7.0140 Inverse: 0.1426 6.9678 Inverse: 0.1435 6.8305 Inverse: 0.1464 6.7902 Inverse: 0.1473 6.6114 Inverse: 0.1513 6.5433 Inverse: 0.1528 6.4754 Inverse: 0.1544 6.4353 Inverse: 0.1554

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

Feb 26 Feb 27 Feb 28 Mar 01 Mar 02 Mar 03 Mar 04 Mar 05 Mar 06 Mar 07
1 USD = 6.4789 Inverse: 0.1543 6.4789 Inverse: 0.1543 6.4767 Inverse: 0.1544 6.4658 Inverse: 0.1547 6.4705 Inverse: 0.1545 6.4679 Inverse: 0.1546 6.4700 Inverse: 0.1546 6.4968 Inverse: 0.1539 6.4968 Inverse: 0.1539 6.4968 Inverse: 0.1539

Send money from USD to CNY

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day USD 0.00 6.5 CNY 32,500 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 6.399 CNY 31,981 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
$1 1 - 2 days USD 85.00 6.529 CNY
32,092
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 Within an hour USD 3.99 6.502 CNY 32,484 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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


More guides on Finder

  • Paysend review

    Paysend offers transfers to more than 70 countries through its app and online service.

  • Review: WireBarley international money transfers

    If you’re thinking of sending an international money transfer with WireBarley, check out our review of its exchange rates, fees and pros and cons.

  • Azimo vs. TransferWise

    We compared Azimo and TransferWise on fees, speed and exchange rates, and found some big differences. Learn what to expect and see how each one stacks up.

  • UAE Exchange review

    Learn what to expect when using UAE Exchange or one of its subsidiaries and what alternatives are available.

  • Unimoni review

    Unimoni offers fast transfers at competitive rates, but it isn’t available to US senders. Learn how it works and what alternatives are available to you.

  • Xpress Money review

    This provider offers fast transfers — but only if you live in Chicago. Learn what to expect and what other options are available across the US.

  • Exchange4free review

    Send in up to 60 currencies with bank-beating exchange rates — but not if you’re a US resident. Learn how it works and compare alternatives.

  • Global Reach review

    This company offers fast transfers with price matching — but US residents aren’t eligible to send. Learn what it offers and what alternatives you can use.

  • Azimo review

    Azimo sends to 200+ countries worldwide, but should you use it for your next money transfer? See how much it costs, how long it takes and how safe it is.

  • Hawk FX review

    Everything you need to know about Hawk FX’s exchange rates, fees and safety. Plus, a step-by-step guide through the signup process.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

2 Responses

    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

Go to site