Chinese Yuan (CNY) to USD — China Parallel Market Rate
By the ETCurrency rates deskUpdated hourly from P2P & exchange-market dataHow we calculate rates
As of June 6, 2026, one US dollar costs about 6.83 CNY on the China parallel market, so the Chinese Yuan is worth roughly $0.14641 each. In practical terms, 1,000 CNY ≈ $146.41 and 100,000 CNY ≈ $14,641 at the street rate, versus the official People's Bank of China (PBoC) rate of about 6.79 CNY per dollar.
China manages the yuan within a daily band, so the real "gap" is between onshore and offshore rates rather than a true street market.
How much is the Chinese Yuan worth in US dollars today?
Because the parallel market prices the dollar at about 6.83 CNY, you divide any Chinese Yuan amount by that figure to get its dollar value. For example, 10,000 CNY ≈ $1,464, 50,000 CNY ≈ $7,321, and 1,000,000 CNY ≈ $146,413. At the official rate the same Chinese Yuan would convert to slightly more dollars on paper — but only if you can actually access dollars at that rate.
This is why the parallel rate matters for anyone holding Chinese Yuan: it shows the real, market-clearing dollar value rather than an official rate that may be hard to obtain.
Why the CNY to USD street rate differs from the bank
When you convert Chinese Yuan to dollars at a bank, you get the official People's Bank of China (PBoC) rate — if dollars are available. On the parallel market the dollar is dearer, driven by factors such as a tightly managed yuan, capital controls, an onshore (CNY) vs offshore (CNH) split, so each Chinese Yuan fetches fewer dollars there.
Today that difference is a very small premium of roughly 0.9%. The larger this gap, the more the official rate overstates what your Chinese Yuan is really worth in dollars.
Converting Chinese Yuan to dollars safely
Use our converter to turn any Chinese Yuan amount into USD at the live parallel rate, and compare it side by side with the official rate. Exchange-rate figures here are aggregated from P2P platforms, community reports and market monitoring, and refreshed hourly.
These rates are published for information and price-transparency only — they are not an offer to trade and are not legal or financial advice. Many countries require foreign-currency transactions to go through licensed channels, so confirm the rules in China and use reputable providers before converting any Chinese Yuan to dollars.