How to Convert USD to RMB

by Andrew Cross ; Updated July 27, 2017
A yuan is the Chinese counterpart to the American dollar.

USD is the internationally accepted symbol for the U.S. dollar, which is the legal tender in the United States of America and outlying islands and territories. RMB is the symbol for Renminbi, also known as the Chinese yuan. One yuan is divided into 100 fen. The amount of money you get when converting your dollar into yuan depends on the current exchange rate, which is determined by the International Monetary Fund.

Step 1

Visit a major bank branch, airport exchange center or money transfer outlet, such as Western Union. Advise the personnel that you wish to transfer a specific number of U.S. dollars into Chinese yuan.

Step 2

Withdraw the necessary amount of money from your bank account, write a check or hand over the appropriate amount of cash in U.S. dollars.

Step 3

Multiply the amount of money you handed over by the conversion rate. Chinese yuan have six significant digits when compared to the U.S. dollar. At the time of publication, the conversion rate was 6.4631. This means that rounding my be necessary upon receiving money, or you may be advised to hand over some combination of dollars and cents.

Step 4

Subtract the service fee from the result of Step 3. This is the amount of money you will receive in Chinese yuan.

About the Author

Andrew Cross began writing professionally in 2007 and now works full-time at a Chicago-based public relations agency. He has also served as a reporter, editor, columnist and freelance public relations consultant for several agencies and publications. Cross holds a Bachelor of Arts in public relations from Illinois State University.

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