Yuan at 6.718 per dollar: what a stronger yuan adds to your China order

China's official yuan reference rate, the central parity, was 6.7180 yuan per US dollar on October 23, 2026, according to the People's Bank of China. A year earlier it was 7.0918. For an importer paying a supplier in yuan, the same ¥100,000 order now costs $14,885.38 instead of $14,100.79.

For: ImportersAmazon sellersSmall businesses

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What changed

Every trading morning the People's Bank of China (PBOC) authorizes CFETS to publish the central parity of the yuan (renminbi) against major currencies. It is the official reference rate; the onshore market trades around it, and banks and payment services set their own customer rates from the market. The October 23, 2026 notice sets 1 US dollar at 6.7180 yuan, 1 euro at 7.5140 yuan and 1 Canadian dollar at 4.7804 yuan.

Here is how the official reference rate compares with earlier dates, all from PBOC notices:

Central parity rates published by CFETS as authorized by the People's Bank of China. Fewer yuan per unit means a stronger yuan against that currency.

Freight is the other big cost on a China order. The Shanghai Shipping Exchange's Shanghai Containerized Freight Index (SCFI), which tracks spot rates for containers leaving Shanghai, was 3,681.34 on October 23, against 3,679.58 a week earlier: a change of 1.76 points.

What it means for your business

What the rate change does to your landed cost depends on which currency your supplier quotes in.

If your supplier quotes in yuan, you feel the full change at payment. Here is one ¥100,000 order at the official reference rate on each date:

Our calculation: 100,000 divided by each official central parity rate. Your bank or payment service will quote its own rate, usually with a margin on top, so your actual cost will be a little higher on both dates.

Since the start of 2026 the change is smaller but still real: at 7.0288 on December 31, 2025, the same order cost $14,227.18, so it is $658.20 (4.63%) more today.

If your supplier quotes in US dollars, nothing changes on your invoice today. But for a factory that pays its wages and materials in yuan, the same dollar price is now worth less: $14,100.79 converted to ¥100,000 a year ago and converts to ¥94,729.11 today. That is worth knowing when you review an older US dollar quote.

Duty does not cushion this. US duty is assessed on the customs value of the goods, expressed in dollars, so a higher dollar cost for the same goods can mean a little more duty. Put the new figure through our landed cost calculator to see the full effect on your margin.

Who is affected

• Importers and Amazon, Etsy or eBay sellers who pay Chinese suppliers in yuan, through a bank, Alibaba.com, 1688 or a payment service.
• Buyers holding US dollar quotes that are more than a few months old: the supplier's side of the math has moved by about 5%.
• Canadian and euro-zone buyers: the change against the yuan is larger for you than for US dollar buyers (6.22% and 9.71% on a year).

What to do now

1. Ask each supplier which currency the quote is in and how long it is valid. A yuan price with a 30-day validity and a US dollar price with a 30-day validity carry different currency risk.
2. Recalculate your landed cost at today's rate before reordering: try our landed cost calculator with your real numbers.
3. Compare the rate your bank or payment service gives you with the official reference rate of the day; the gap is your conversion cost.
4. Build the change into your retail price now rather than at checkout of the next order: on a 5.6% rise in the goods cost, a product that cost you $10 now costs about $10.56.
5. We do not forecast currencies. Check the PBOC's daily notices before you pay.

General information, not legal, tax or customs advice. Rules change often: check the official sources above or a licensed customs broker before you act. SuanSupply is not affiliated with any government agency or marketplace named here.