USD to CNY Exchange Rate
LIVEUS Dollar to Chinese Yuan (Renminbi)
Currency Converter
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Exchange rate: 1 USD = 7.25 CNY (approximate)
About USD/CNY
The USD/CNY currency pair represents the exchange rate between the US Dollar and the Chinese Yuan (also known as Renminbi or RMB). This is a major emerging market currency pair influenced by the People's Bank of China's managed float policy, US-China trade relations, capital flows, and global economic conditions. The CNY is not fully freely traded and is subject to Chinese government intervention. The offshore version (CNH) trades more freely than the onshore CNY. This pair is crucial for global trade and investment.
Quick Facts
Currency Pair:
USD/CNY
Base Currency:
US Dollar (USD)
Quote Currency:
Chinese Yuan (CNY/RMB)
Central Bank:
People's Bank of China
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
What is the difference between renminbi and yuan?
Renminbi (RMB) is the official name of China's currency, while the yuan (CNY) is the unit in which prices and the exchange rate are quoted. The terms are often used interchangeably in casual usage.
Is the yuan a free-floating currency?
No. The People's Bank of China (PBoC) manages the yuan, setting a daily reference rate and allowing it to trade only within a permitted band around that fix, so it is not fully free-floating.
What is the difference between CNY and CNH?
CNY refers to the onshore yuan traded inside mainland China, while CNH is the offshore yuan traded in markets such as Hong Kong. The two can differ slightly because they operate under different rules.