The HSBC USD to CNY rate is 6.8085. This is -5.8% below the mid-rate. Compare HSBC currency conversion rates - Reduce FX costs.
The HSBC USD to CNY exchange rate is 6.8085. This is -5.8% compared to the latest USD-CNY mid-market rate 7.2254.
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.
Looking at our comparison table the best USD to CNY exchange rate is 7.1784 from Wise, -0.65% from the mid-market rate 7.2254. The next best rate is 7.1097 from Western Union, -1.6% from the mid-rate. Then WorldRemit with 7.0519 is -2.4% from the mid-rate.
Among the banks, the Chase Bank rate is 6.5917 at -8.8%, the Wells Fargo Bank rate is 6.5484 at -9.4%, and the Citibank rate is 6.8807 at -4.8% compared to the mid-rate 7.2254.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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.
The HSBC Dollar to Yuan comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest USD-CNY mid-rate (see Market Data below ) and the possible savings of using various providers.
Here we review HSBC's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check how you can save money when you send and spend abroad.
HSBC, also known as the Hongkong and Shanghai Banking Corporation, is a multinational investment bank and financial services company based in London, UK. HSBC operates in over 60 countries and territories, including the UK, Hong Kong, China, Canada, the US, Australia, and throughout Europe, the Middle East, and Asia. The bank is well-known for its retail banking services, investment banking, and wealth management services, and has a large and diverse customer base.
In terms of foreign exchange rates, HSBC offers competitive rates for international money transfers and foreign currency exchange services. Customers can transfer money overseas in a range of currencies, and the bank offers real-time exchange rate quotes and low transfer fees. HSBC also offers foreign currency accounts and multi-currency accounts, allowing customers to hold and manage multiple currencies in a single account.
HSBC's foreign exchange rates are competitive with other major banks and financial institutions, and the bank has a strong reputation for providing reliable and secure services. However, it is always recommended that customers compare exchange rates and fees across different FX providers to ensure they are getting the best value for their money.
When you get a quote for your Global Money Transfer from HSBC on their website or in-app, you can also see the HSBC exchange rate, but it can be difficult to then calculate how much you are being charged.
HSBC does not publish their exchange rates publicly which is frustrating. However, our research shows that on average, HSBC profit margin for foreign exchange rates is somewhere between 2.8 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks add this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
US dollar (USD) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/CNY | Change | Period |
|---|---|---|---|
28 Apr 2025 | 7.2950 | 1% ▼ | 2 Week |
11 Feb 2025 | 7.3077 | 1.1% ▼ | 3 Month |
12 May 2024 | 7.0908 | 1.9% ▲ | 1 Year |
13 May 2020 | 7.0924 | 1.9% ▲ | 5 Year |
15 May 2015 | 6.1831 | 16.9% ▲ | 10 Year |
17 May 2005 | 8.2754 | 12.7% ▼ | 20 Year |
Here are some popular conversion amounts for USD to CNY (US dollar to Chinese yuan)*.
*Converted at the current USDCNY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts for the USD to CNY exchange rate are influenced by a complex landscape of economic policies, trade tensions, and geopolitical factors. Analysts note that the US dollar gained momentum following the Federal Reserve's recent decision to hold interest rates steady. This pause suggests that the Fed is cautious about the economic impact of ongoing trade tariffs, which has, in turn, supported the US dollar's strength against the Chinese yuan.
Read our full review of recent USD to CNY forecasts.
There are several ways to save on exchange rates when converting US dollar to Chinese yuan:
Generally speaking, if you are buying Chinese yuan with US dollar, then it's better for the USD/CNY exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to China — a practical currency and money guide to travel in China plus living and doing business with the Chinese yuan.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/CNY to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | China (CNY) |
The expat life in China can vary greatly depending on a number of factors, including one's location, job, and personal circumstances.
In major cities like Beijing, Shanghai, and Guangzhou, the expat community is well-established and there are many resources available for newcomers, such as expat-oriented social groups and clubs. Living in these cities can offer a good balance of modern conveniences and cultural experiences.
However, life in smaller cities or more rural areas can be more challenging, as the expat community may be smaller and there may be fewer resources available.
Working in China as an expat can be both rewarding and challenging. Some companies will provide good support to expats and may even offer language classes and relocation assistance, while others may not.
Expats in China may experience culture shock and find it difficult to adjust to certain aspects of Chinese culture, such as the strict social hierarchy and the emphasis on maintaining "face". Communication and language barriers can also be an issue, though many expats do learn to speak Chinese to varying degrees.
Expats in China also need to be aware of the different laws and regulations in the country, such as China's strict censorship laws, and be prepared to adapt to the local way of doing things.
Overall, the expat life in China can be both exciting and challenging, offering unique opportunities to experience a different culture and way of life. It is a good idea to be prepared for the different experiences you may encounter, and to have a good support system in place, whether it be friends, family or a community of expats.
Read more at our China (CNY) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
^ Scroll back up to ^
^
