At current exchange rates, 1.00 US Dollar (USD) is equivalent to 6.63327 Chinese Yuan Renminbi (CNY).
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In 1948, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China.
When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately 8.3 CNY to 1 USD. In 2005, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to 8.1 Renminbi per US dollar.
Traveling abroad? Learn how to exchange currency at NBC News.