Sunday, December 4, 2011

What is the current exchange rate in China banks between the US dollar and RMB?

1 CNY = 0.146396 USD


1 USD = 6.83080 CNY





CNY = Chinese Yuan Renminbi


USD = United States dollar





http://www.xe.com





EDIT: I haven't been to a bank here in China lately, but the exchange rate is what it is. However, there can be a small service charge, depending upon your location. If you change money at a hotel, the fee will be larger. If you change it at a large bank, it will be less. If you withdraw money from your US based credit card via a non-affiliated ATM then the service fee can be quite hefty. Addition to the foreign exchange fee, your bank can charge a non-use ATM fee as well as the bank in China. I know on the rare occasion that I have to use a Bank of China ATM for my US bank back home, I get charge a flat $10.00 (68 yuan) fee plus the foreign conversion fee my own bank charges. This has nothing to do with the actual exchange rate.





EDIT 2: The actual exchange rate doesn't fluctuate by much unless there's been a big government announcement for such. The website listed above maintains pretty much an up-to-the-minute exchange rate data base. What it doesn't have though, is those pesky fees that can be charged by various institutions and money changers.|||I went to the Bank of China 2 days ago... But what does that have to do with the exchange rate. You ask this question about exchange rate??? You have... or... are on a Computer... There must be 50 websites that you can easily look up Exchange rates.





http://www.google.com/search?hl=en%26amp;safe=鈥?/a>





GEEEEEZ!|||It depends on where you exchange your US dollars into RMB. If you do it in China, the rate is 6.82.|||My sister is working in the Bank of China. 1 USD = 6.8 RMB, but every day the exchange rate is a bit different.


http://local.chinadiscover.net/china-tou鈥?/a>|||I'd answer this question but by the time I've answered it, it's already changed... I just roughly calculate 1 usd to 7 rmb. that way you can use it for most practical reasons in your brain. 6.83 to be more exact.|||You can go on line and check each day. The reason I say this is because it changes every day. I can give an approx exchange but it will vary. $150 dollars will but 1000 RMB. but that is approx. We send money every three months to my wife's mother and she gets different amount each time. You will also pay different fee for the exchange. some banks do not charge a fee but in the airport the people set up tp exchange money do it for a fee. We send the money by western union and they have an exchange rate less than the going rate another way they make money.

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