CNY to USD Exchange Rate Today
Convert Chinese Yuan to US Dollars with live CNY/USD rates for US education, American investments, or cross-border payments. Navigate PBOC regulations effectively.
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Sending 1,000.00 CNY → USD
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Mid-Market Rate
After Fees
Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
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Frequently Asked Questions
What is the current CNY to USD exchange rate?
The Chinese Yuan to US Dollar rate typically ranges between $0.14-0.15 per ¥1 CNY (or about ¥6.5-7.3 per $1). People's Bank of China (PBOC) manages the rate within a daily trading band. The rate reflects US-China trade relations, Federal Reserve vs PBOC policy differences, and China's economic growth targets.
Why does PBOC control the CNY/USD rate?
China maintains a managed float to support its export economy and prevent excessive volatility. PBOC sets a daily midpoint rate and allows 2% deviation. This control helps Chinese exporters stay competitive, manages inflation from imports, and prevents rapid capital outflows. It's why yuan doesn't fluctuate as freely as euro or yen.
What's the best way to send CNY to USA?
Use international banks like ICBC or Bank of China (official channels for large amounts), Wise or OFX for transfers (better rates than banks, 1-2% fees), or Alipay/WeChat Pay international transfers (convenient but check limits). Note China has $50,000 annual foreign exchange quota per person—transfers above need documentation.
When should I convert Yuan to Dollars?
Shanghai families sending students to Harvard or Stanford benefit when yuan strengthens below 6.8 per dollar, reducing $70K tuition by ¥140K versus 7.2. PBOC sets daily fixing at 9:15 AM Beijing; deviations beyond 2% trigger intervention. Chinese students in US (350,000+ enrolled) convert tuition before August/January semesters. US property buyers in California or New York watch for yuan strength; rate improvement from $0.14 to $0.145 generates $5K on ¥1M annuallyvestment. China's $50K annual conversion limit requires families to use multiple quotas or offshore structures.
Are there restrictions on CNY to USD conversions?
Yes. Chinese citizens face $50,000 equivalent per year limit for personal foreign exchange. Need valid reasons (education, travel, medical) and documentation. Businesses have separate quotas. Offshore yuan (CNH) trades more freely in Hong Kong than onshore yuan (CNY) in mainland China.