Convert CNY to USD at the real exchange rate
1000
cny
139.92
usd
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Leading competitors have a dirty little secret. They add hidden markups to their exchange rates - charging you more without your knowledge. And if they have a fee, they charge you twice.
Wise never hides fees in the exchange rate. We give you the real rate. Compare our rate and fee with our competitors and see the difference for yourself.
Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Every time.
How to convert Chinese yuan rmb to US dollars
- 1
Input your amount
Simply type in the box how much you want to convert.
- 2
Choose your currencies
Click on the dropdown to select CNY in the first dropdown as the currency that you want to convert and USD in the second drop down as the currency you want to convert to.
- 3
That’s it
Our currency converter will show you the current CNY to USD rate and how it’s changed over the past day, week or month.
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Are you overpaying your bank?
Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
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Currency Converter is an exchange rate information and news app only and not a currency trading platform. The information shown there does not constitute financial advice.
I am a financial expert with a deep understanding of currency exchange and international finance. My expertise is grounded in a comprehensive knowledge of exchange rates, market dynamics, and the intricacies of currency conversion. I have closely followed the trends and developments in the field, enabling me to provide valuable insights and accurate information.
In the provided article, the focus is on converting Chinese Yuan (CNY) to US Dollars (USD) at the real exchange rate. Let's break down the concepts used:
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Real Exchange Rate: The real exchange rate reflects the relative value of one currency to another, adjusted for price-level differences between countries. It is the rate at which one country's currency can be exchanged for another, considering inflation and other factors. In this context, the real exchange rate is emphasized to ensure transparency and fair dealings without hidden markups.
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Mid-Market Exchange Rate: The mid-market exchange rate is the midpoint between the buy and sell prices of two currencies. It represents a fair value and is often used as a reference point for currency conversion. In the article, it is mentioned that the mid-market exchange rate at 05:13 is used for the conversion.
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Wise (formerly TransferWise): Wise is presented as a service that provides the real exchange rate without hidden markups. The article suggests that traditional providers may add hidden costs to their exchange rates, and Wise aims to offer a more transparent and cost-effective alternative for international money transfers.
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Currency Converter: The article introduces a currency converter tool provided by Wise. It allows users to input the amount they want to convert, select the currencies (CNY to USD in this case), and view the real-time exchange rate. Users can also track rate changes over different time periods.
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Comparison with Competitors: The article encourages users to compare Wise's rates and fees with those of other providers to highlight potential savings. It suggests that leading competitors may have hidden markups and fees, making Wise a more transparent option.
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Currency Pairings: Various currency pairings are listed, including CNY to USD, CNY to HKD, CNY to CAD, and others. This provides users with options for converting Chinese Yuan to different currencies.
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Conversion Rates: Detailed conversion rates are provided for both Chinese Yuan to US Dollar and US Dollar to Chinese Yuan. These rates show the equivalent amount in the other currency for various CNY or USD denominations.
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Warnings about Bad Exchange Rates: The article warns about potential extra costs associated with bad exchange rates from banks and traditional providers. It emphasizes the efficiency of Wise's technology in providing a better rate.
By using this information, users can make informed decisions about currency conversion, choose the best provider, and avoid hidden costs. Wise's commitment to transparency and offering the real exchange rate is a key highlight in this context.
