Market Data

What the 6.7766 Yuan-to-Dollar Rate Actually Measures for U.S. Buyers

A plain-English guide to the CNY/USD exchange rate: how the Fed's H.10 quote works, why it's priced as yuan-per-dollar, and which forces push it up or down.

The Chinese yuan trades at 6.7766 yuan per U.S. dollar as of Jul 10, 2026, with no prior-year reading archived yet, under the Federal Reserve's H.10 reference series, meaning one dollar buys about 6.78 yuan, and a CNY 1,000,000 supplier invoice converts to roughly $147,567. For procurement managers new to sourcing from China, this is the single number that links every yuan-denominated cost to a dollar budget.

Yuan per dollar: which way is up

Like the yen, the yuan is quoted as units per dollar, so the number reads backwards from the euro convention: a higher quote means a stronger dollar and a weaker yuan, which makes yuan-priced Chinese goods cheaper for U.S. buyers; a lower quote means the yuan is strengthening and those invoices cost more. Conversions run by division for imports, CNY 1,000,000 divided by the rate gives $147,567, and by multiplication going the other way: a $100,000 purchase order represents about 677,660 yuan of supplier revenue. Getting the direction right matters more than getting the decimal right; a spreadsheet that treats a rising quote as bad news for the buyer has the sign flipped.

Chinese yuan, Jul 10, 2026 (Federal Reserve H.10): 6.7766 CNY per USD. Archived daily readings ranged from 6.7562 on Jun 16, 2026 to 6.8106 on Jun 24, 2026.

A managed float: the PBOC daily fix

The yuan does not float freely. Each trading morning the People's Bank of China publishes a central parity rate, the "daily fix", and onshore trading is permitted only within a narrow band around it. That machinery makes the yuan structurally calmer than the euro or the yen: Beijing leans against moves it considers destabilizing, using the fix, state-bank dollar sales, and capital controls. There are really two yuans, the onshore CNY traded in Shanghai under the band, and the offshore CNH traded freely in Hong Kong, and when the two diverge, it signals market pressure the fix is resisting. The Fed's H.10 series tracks the onshore rate, which is the one that governs what Chinese suppliers actually receive.

What U.S. buyers actually pay

Most Chinese suppliers invoice in dollars, which tempts buyers to ignore the yuan entirely. That is a mistake: the supplier's costs, labor, materials, energy, are in yuan, so the exchange rate sets their margin on every dollar-priced order. When the quote rises, dollar-invoiced suppliers get a windfall in yuan terms, and a well-prepared buyer can negotiate part of it back; when it falls, suppliers will push for price increases whether or not the buyer follows the currency. The series is currently holding steady. Either way, the rate belongs in the same file as the supplier's quote, it is the context that tells you whether a requested price change is cost-driven or opportunistic.

Even when the invoice is in dollars, the yuan is in the price.

Worked example: the CNY 1,000,000 invoice

A CNY 1,000,000 tooling invoice converts to $147,567 at the current 6.7766 rate. A one-tenth-yuan move in the quote shifts that bill by about $2,146, with the direction set by which way the rate breaks. Small per-invoice, but across a year of yuan-linked spend the sensitivity compounds, which is why the rate deserves a date stamp on every quote, even the dollar-denominated ones.

Feed the converted invoice, ocean freight, duty, and tariffs into the landed cost calculator to see the true delivered cost of a China order. Run your own numbers

Published 2026-07-13.