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CNY/USD Exchange Rate

CNY 1.00 = USD Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.

Daily Currency Market Commentary
Daily currency news provided by OzForex

After six years of unprecedented monetary stimulus the US Federal Reserve announced overnight that its quantitative easing program would come to end whilst retaining its existing language surrounding future interest rates rises stating that rates would not rise for “a considerable time” after the end of QE. With the accompanying statement painting an improved employment outlook, overall the tone and the markets reaction were substantially more hawkish than what had been anticipated. Rallying across the board the US dollar is stronger against all of its major counterparts with US Stocks and US treasuries declining. Opening stronger against the Yen this morning at a rate of 108.936 the Euro has struggled opening a full one percent lower at 1.2633. In addition developments which have the clout to further move the US dollar investors will now be eyeing advanced GDP figures scheduled for release this evening.
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Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

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