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 =
6,721.80CNY
1 CNY = 0.1488 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 = 6.72 CNY.
| USD | CNY |
|---|---|
| 1 USD | 6.72 CNY |
| 5 USD | 33.61 CNY |
| 10 USD | 67.22 CNY |
| 25 USD | 168.05 CNY |
| 50 USD | 336.09 CNY |
| 100 USD | 672.18 CNY |
| 500 USD | 3,361 CNY |
| 1,000 USD | 6,722 CNY |
| 5,000 USD | 33,609 CNY |
| CNY | USD |
|---|---|
| 1 CNY | 0.1488 USD |
| 5 CNY | 0.7438 USD |
| 10 CNY | 1.49 USD |
| 25 CNY | 3.72 USD |
| 50 CNY | 7.44 USD |
| 100 CNY | 14.88 USD |
| 500 CNY | 74.38 USD |
| 1,000 CNY | 148.77 USD |
| 5,000 CNY | 743.85 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 USD
Nobody converts at the mid-market rate. At 1 USD = 6.72 CNY, a perfect conversion of 1,000 USD would be 6,722 CNY. Here is what 13 services would really send, fee and exchange-rate margin included.
| Service | Their rate | Fee | You get |
|---|---|---|---|
| Paysendcheapest | 6.71 | 1.99 USD | 6,693 CNY |
| Revolut | 6.70 | 1.51 USD | 6,692 CNY |
| Instarem | 6.68 | — | 6,681 CNY |
| MoneyGram | 6.69 | 1.49 USD | 6,680 CNY |
| XE | 6.65 | — | 6,655 CNY |
| Remitly | 6.66 | 1.99 USD | 6,643 CNY |
| WorldRemit | 6.62 | 1.99 USD | 6,605 CNY |
| Western Union | 6.62 | 1.99 USD | 6,605 CNY |
| Wise | 6.72 | 17.89 USD | 6,602 CNY |
| Ria Money Transfer | 6.60 | — | 6,598 CNY |
| Taptap Send | 6.55 | — | 6,553 CNY |
| Xoom | 6.55 | 1.50 USD | 6,543 CNY |
| OFX | 6.52 | 5.00 USD | 6,483 CNY |
On 1,000 USD, the gap between the best and worst option here is 210.67 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, not a live quote — promotional offers and payment method can change it. Check the provider before sending.
Frequently Asked Questions
How does China's managed float system work for USD/CNY?
PBOC sets a daily central parity rate each morning at 9:15 AM Beijing time, allowing the yuan to trade within a 2% band (approximately ¥6.5-7.3 range per dollar). 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 managed float to support China's export economy—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 above ¥7.0, 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 ¥6.8, ¥7.0, and ¥7.2 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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