Bank of China USD to CNY Exchange Rates & Currency Deals
USD-CNY Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your Bank of China currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
USD to CNY Market Data
US dollar (USD) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/CNY outlook remains bearish as it trades near recent lows, pressured by expected Fed rate cuts and China's economic recovery. Key drivers include: Rate gap (Fed cuts could weaken USD), risk from stable oil prices. Range likely to stay low unless stronger US data emerges
@bestfxrates
USD to CNY Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Chinese yuan across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
What is the
best Send Money conversion rate for USD to CNY?
The best USD to CNY exchange rate is 6.8533 from Wise. This is -0.8% compared to the mid-market rate 6.9087.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Chinese yuan (CNY) rates from different sources before making a conversion.
The above
Bank of China - Dollar to Yuan comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Bank of China and other foreign exchange providers against the latest USD-CNY mid-rate and the possible savings of using various providers.
How do Bank of China USD-CNY rates compare between providers?
Looking at the full
USD to CNY - Send Money comparison table the provider with the best USD to CNY exchange rate is Wise at 6.8533, -0.8% from the latest mid-market rate 6.9087.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Bank of China often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.