RMB to USD Converter

RMB/USD = 0.1548348853

RMB to USD converter to compare Chinese Yuan and US Dollars on todays exchange rate. 1 RMB is being exchanged for 0.1548 USD on today on November 05, 2024. The currency ticker for this pair and its todays exchange rate is denoted as RMB/USD = 0.1548 in currency trading. In this comparison, RMB is the base currency and USD is the quote or counter currency. Refer the below RMB to USD conversion table for quick reference or enter the valid numerical value and click on the CONVERT button to check how much is X Chinese Yuan in US Dollars (RMB/USD = ?) today?

RMB to USD Conversion helps us to convert Chinese Yuan Renminbi to US Dollars from any amount using up to date exchange rates.
It is necessary to follow the next steps:

1. Enter an amount of RMB in the box. This value must be a positive real number;
2. Press the "CONVERT" button to make the computation;
3. RMB to USD conversion will calculate the amount of US Dollars which correspond to the given amount of RMB.

Input : A positive real numbers and the currency symbol RMB after that.
Output : A positive real number and the currency symbol USD after that.

RMB to USD Historical Data

The Renminbi or short RMB, also known as Chinese Yuan, is the official currency of the Republic of China. The Renminbi means "The Money of the People". The Renminbi is the official name for the currency, while the Yuan is a unit of the currency. The currency code for the Renminbi is CNY and the currency symbol is the $ \yen$. The name for $\frac1{10}$ unit is jiao while the name for $\frac{1}{100}$ unit is fen The Renminbi is on a fixed exchange rate. A fixed exchange rate means that a country ties its currency to another currency. The Renminbi is tied to the US Dollar because the USA is China's biggest trading partner. The US Dollar is an official currency of USA, and it is also the currency most used in the USA and China transactions. It's kept the Yuan in a 2 percent trading band around a "reference rate". This is around 0.1548 Dollar to a Yuan. The following tables and graph show the official RMB/USD exchange rate since 1999. Financial visualization is used in the program package Mathematica to understand how RMB/USD pair changes over time.

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The following tables and graph show the official USD/RMB exchange rate since 1999.



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How to Convert RMB to USD

If we are a traveler passing through China, getting cash exchanged into RMB is a priority. Note that travelers can only be allowed to carry the equivalent of 5,000 or 20,000 RMB into or out of China. The following question is naturally raised: where to exchange money in China? The three main places to exchange foreign currency in China are the bank, bank ATMs, the airport exchange kiosks and the black market. The quickest and easiest way to get money in China is to use the China bank ATMs. The exchange rate is good, but there fees, both from the Chinese bank and from the home bank.
Have in mind that the Transferwise and Paypal dont use the RMB, and if you're not Chinese, the Alipay doesn't allow foreign transfers.

About 3 million Chinese people visit the USA per year. The main question for them is: how to exchange RMB for US Dollars in the USA? The main places to exchange RMB in the USA are international airports across the USA or the bank. Card payments are very commonly used in the USA. There are a couple of restrictions for cardholders:

• Withdrawals are limited to $15,000 (RMB 100,000) per year;
• Card payments cannot exceed 10,000 RMB per day.