Last updated: Nov 5, 2025, 11:59 PM UTC
Context Information
Local Purchasing Power
¥1.00 ≈
- 0.3 subway rides in Beijing 🚇
- 0.1 servings of street food in Beijing 🥟
- 0.0 cups of bubble tea in Beijing 🧋
30-Day Trend
RMB to USD is 0.101% weaker than 30 days ago
7-Day Trend
Exchange rate movement over the past week
Understanding RMB to USD Exchange Rates
The Chinese Renminbi (RMB), also known as the Chinese Yuan (CNY), is the official currency of China. RMB and CNY are interchangeable terms referring to the same currency - RMB is the currency name while CNY is the ISO code. RMB/USD exchange rates are heavily influenced by People's Bank of China (PBOC) monetary policy, US-China trade relations, foreign exchange reserves management, China's economic growth, and capital flow controls. The yuan's value relative to the dollar is carefully managed by the PBOC within a controlled band, reflecting both market forces and policy objectives aimed at maintaining export competitiveness and financial stability.