USD to CNY Exchange Rate Today
USD to CNY conversion for American businesses importing from China, tracking PBOC daily reference rates, and navigating the $50,000 annual conversion limit. Essential for Shenzhen manufacturing, Shanghai operations, and yuan trade settlements.
1000 USD =
6,692.70CNY
1 CNY = 0.1494 USD
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Compare money transfer service fees for the best rates
USD to CNY conversion table
Common amounts at the current mid-market rate of 1 USD = 6.69 CNY.
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 USD
Nobody converts at the mid-market rate. At 1 USD = 6.69 CNY, a perfect conversion of 1,000 USD would be 6,693 CNY. Here is what 6 services would really send, fee and exchange-rate margin included.
On 1,000 USD, the gap between the best and worst option here is 217.69 CNY — 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 to a bank account, not a live quote — promotional offers and payment method can change it. Check the provider before sending. Where we price a service from its own recent quotes, its row uses the fee and rate margin from that quote. Some services we price from their own quotes are not in this table, because their quote for this pair depends on a payment or delivery choice or we hold none for it, so “cheapest” is among the services shown. Each is priced on its own calculator.
Frequently Asked Questions
How does China's managed float system work for USD/CNY?
Each morning at 9:15 AM Beijing time, PBOC sets a daily central parity rate, allowing the yuan to trade within a 2% band around it. On October 11, 2026, the mid-market rate was 1 USD = 6.69 CNY. This 'managed float' differs from free-floating currencies: PBOC intervenes to prevent excessive volatility. The fixing reflects previous day's closing, basket currencies, and counter-cyclical adjustment factor. US businesses sourcing from Shenzhen or Shanghai must adapt to this system's unique constraints.
Why does China control the Yuan's value?
PBOC maintains a managed float to support China's export economy: a weaker yuan makes Chinese goods cheaper globally. This control helps China's massive manufacturing sector (electronics, textiles, machinery) stay competitive, manages inflation from imports, and prevents destabilizing capital flight. US frequently accuses China of currency manipulation, making USD/CNY central to trade negotiations and tariff discussions.
What's the best way to send Dollars to China?
Use international banks with Chinese operations like Citibank or HSBC, Chinese banks' US branches (Bank of China, ICBC), Wise or OFX for transfers (note China has restrictions), or business payment platforms like Alipay Global or WeChat Pay International. For manufacturing payments, use trade finance services. Be aware of $50,000 annual conversion limit per Chinese recipient and documentation requirements.
What strategies work for timing USD-CNY conversions?
American importers benefit when the dollar strengthens, reducing costs for Guangdong electronics or Zhejiang textiles. Unlike freely-traded pairs, USD/CNY moves in measured steps due to PBOC management. Companies with recurring China payments use layered hedging, converting portions at several target rates to average costs. Expatriates in Beijing or Shanghai often split large conversions across quarters rather than timing politically-influenced swings. Trade negotiation announcements create temporary spikes worth monitoring.
Are there restrictions on sending USD to China?
Yes, significant ones. Chinese individuals can only convert $50,000 equivalent per year for personal use. Need valid documentation (study, travel, medical). Businesses have separate quotas and extensive paperwork. China distinguishes onshore yuan (CNY, strictly controlled) from offshore yuan (CNH, trades freely in Hong Kong). Use authorized banks, never informal channels. Regulations change frequently, so verify current rules.
Popular CNY Currency Pairs
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