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About this currency pair
Chinese Yuan (CNY) — a major international currency
The Chinese yuan is the onshore currency used in mainland China and is central to trade, manufacturing, ecommerce, travel and supply-chain pricing. CNY conversions are widely used by importers, exporters, online sellers and travelers comparing Chinese prices with USD, EUR and other Asian currencies.
US Dollar (USD) — the official currency of the United States and a major global currency
The US dollar is the currency of the United States and a central reference point for global prices. Beyond domestic spending, it is widely used in international trade, commodities, online subscriptions, travel, remittances, financial markets and business contracts. USD conversions are common because many prices outside the United States are compared with, quoted in or settled against dollars.