1 USD to CNY - Convert US Dollar to Chinese Yuan

Over the last 7 days, the USD to CNY exchange rate moved between 6.5959 and 6.7928. The average rate for the week was 6.7020, with a volatility of 1.01%. The US Dollar strengthened against the Chinese Yuan by 0.3% during this period.

Looking at the 30-day window, the USD/CNY pair traded in a range of 6.5820 to 6.9924. The monthly average was 6.8147 with 1.55% volatility. This downward movement of 2.4% suggests significant momentum in the USD/CNY exchange rate.

The current mid-market exchange rate is 1 USD = 6.7883 CNY, updated as of June 4, 2026, 2:18 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

US Dollar to Chinese Yuan Exchange Rate

USD/CNY is one of the most geopolitically significant exchange rates in the world. China is the second largest economy and America's largest goods trading partner. The yuan's value affects everything from the price of electronics and clothing in US stores to the trade deficit figures that shape Washington's economic policy.

The Managed Float

Unlike freely floating currencies, the yuan operates under a managed float system. The People's Bank of China sets a daily midpoint rate each morning, and the yuan is allowed to trade within a 2% band around that rate. This gives the PBOC significant control. When capital outflows accelerate or trade tensions rise, the central bank can set the midpoint stronger than the market expects, effectively putting a floor under the yuan. Critics, particularly in the US, have periodically accused China of keeping the yuan artificially weak to boost exports, though the reality is more complex than that narrative suggests.

What Drives the USD/CNY Rate

PBOC daily midpoint settings, US-China trade relations, Chinese economic data (GDP, PMI, exports), capital flow controls, and Fed policy are the main drivers. Trade tariffs, sanctions, and diplomatic tensions between the two countries add a political layer that does not exist in most other currency pairs.

What a Conversion Really Costs

China maintains capital controls that limit how much yuan can be moved in and out of the country. Banks charge 1-3% on USD/CNY conversions. Inside China, the rate at bank branches is typically close to the official midpoint. For offshore conversions (USD/CNH, the offshore yuan), spreads are slightly wider at 0.5-2%.

How to Get the Best USD to CNY Rate

For transfers to China, check the mid-market rate on this page and compare with your provider. Inside China, major bank branches offer the best rates. Note that there are annual limits on how much foreign currency Chinese citizens can purchase.