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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

	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

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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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