Cheapest way to send USD to China?

Wise typically leads USD→CNY corridors with margins under 1%. OFX is competitive for larger transfers above USD 5,000. Bank wires are noticeably more expensive.

Can I send money to a recipient's WeChat or Alipay?

International providers generally cannot credit Chinese mobile wallets directly due to PBoC restrictions. Bank deposit is the standard channel; the recipient can then transfer from their bank account to WeChat/Alipay domestically.

What's the USD 50,000 annual limit?

China's SAFE caps individual cross-border FX conversions at USD 50,000 equivalent per year per resident — both for outbound and inbound. Larger amounts require justification (education, medical, etc.) and SAFE approval.

Are remittances to China taxable?

Personal gifts to family in China from abroad are not subject to income tax. However, recurring or business-related transfers may trigger income tax obligations under State Administration of Taxation rules.

How long do CNY transfers take?

Most providers credit Chinese bank accounts within 1–3 business days. UnionPay-direct providers can be faster (under 24 hours). SWIFT bank wires are slowest, often 2–4 business days.

Send

USD GBP CAD SGD AED EUR AUD CHF SAR NZD

Receive

INR PHP MXN PKR BDT LKR NPR NGN THB VND KES ZAR BRL COP CNY IDR TRY MYR PLN

🇨🇳

Chinese Yuan (CNY) Live Exchange Rate & Remittance Guide

CNY · ¥ · People's Bank of China (PBoC)

1 USD =

¥6.7683

Live (cached)

About the Chinese Yuan

The Renminbi (people's currency, RMB) — with the yuan as the principal unit — was introduced in 1948. The PBoC managed the yuan through a tight peg to the USD until 2005, then under a managed float against a basket of currencies. The yuan was added to the IMF's SDR basket in 2016.

Why CNY matters for remittance

China receives roughly $51 billion in remittances annually, the third-largest globally. Major sending corridors are the US, Hong Kong (treated as cross-border), Australia, and Singapore. China also has strict outbound FX rules that limit personal capital outflows to USD 50,000 equivalent per year.

CNY cross-rates

Live

What 1 Chinese Yuan (CNY) is worth in major currencies right now, at the wholesale mid-market rate.

Currency	1 ¥ CNY =	Inverse (1 unit in CNY)
USD USA	$0.147749 USD	¥6.7683 CNY
EUR Europe	€0.128875 EUR	¥7.7595 CNY
GBP UK	£0.111859 GBP	¥8.9398 CNY
INR India	₹13.940 INR	¥0.071737 CNY
AED UAE	د.إ0.542688 AED	¥1.8427 CNY

USD rate is live from Wise's comparison API; other reference rates are derived from the latest USD-anchored mid-market table. Retail providers add a margin on top — see the comparison table on each corridor page for the rate you'll actually receive.

Compare CNY corridors

See live rates and the best providers for each pair.

USD→CNY AUD→CNY EUR→CNY SGD→CNY GBP→CNY

China remittance guide

Country profile for sending money TO China — delivery methods, regulations, recipient guidance.

🇨🇳 Send to China

CNY remittance regulations

PBoC and SAFE (State Administration of Foreign Exchange) regulate inbound remittances. Personal remittances under USD 50,000 per year per individual are uncapped; larger amounts require SAFE approval. Bank deposit is the dominant delivery method; Alipay and WeChat Pay are not supported by most international providers due to PBoC restrictions.

How to send Chinese Yuan (CNY)

Use a UnionPay-supporting provider (Wise, OFX) for direct credit to Chinese bank accounts.
ICBC, Bank of China, China Construction Bank, and Agricultural Bank are the largest networks for receiving remittances.
Be aware of the USD 50,000 annual inbound cap per individual under SAFE rules; larger amounts require additional documentation.
Cash pickup is rare in China; bank deposit is by far the dominant channel.

Currency facts

ISO 4217: 156
Sub-unit: 10 jiao = 1 yuan
Central bank: People's Bank of China (PBoC)
Daily FX volume: $280 billion/day
Symbol: ¥
52-week range (vs USD): 7.1 – 7.3

Frequently asked questions

Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.