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.
1000 CNY =
149.08USD
1 USD = 6.7079 CNY
Loading comparison...
Compare money transfer service fees for the best rates
CNY to USD conversion table
Common amounts at the current mid-market rate of 1 CNY = 0.1491 USD.
Mid-market rate — the midpoint banks trade at, before any provider adds a margin. What you actually receive is below.
What you actually get for 1,000 CNY
Nobody converts at the mid-market rate. At 1 CNY = 0.1491 USD, a perfect conversion of 1,000 CNY would be 149.08 USD. Here is what 5 services would really send, fee and exchange-rate margin included.
On 1,000 CNY, the gap between the best and worst option here is 0.0000 USD — the same money, converted on the same day. That difference is the fee plus the margin each service builds into its rate, and it is the only part of this page you can do anything about. How exchange-rate markups work.
Typical pricing for a bank-funded transfer, not a live quote — promotional offers and payment method can change it. Check the provider before sending. Rows marked est. use the provider's general figure, and CNY est. one measured for CNY sends but not for USD specifically. Neither is ranked cheapest.
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 that China has a $50,000 annual foreign exchange quota per person, and transfers above it 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.
Popular USD Currency Pairs
Related Guides
Exchange Rates Guide
Complete guide to exchange rates and currency conversion. Learn about mid-market rates, markups, and how to get better rates.
The 2026 US Remittance Tax
The new 1% US tax on money sent abroad, in plain English — when it started, who pays it, who is exempt, what it costs, and the one-step way to avoid it.
How Much Money Can You Send Abroad?
There is no legal cap on sending money out of the US — but some transfers get reported, and a few situations put a form in your hands. What really limits you, and what the $10,000 rule actually means.
Credit Card Processing Fees Explained
How card processing fees actually work — interchange, assessments, and processor markup — plus pricing models and ways to lower your effective rate.