![]() ![]() dollars by the bank processing the payment, not the date the foreign currency payment is received by the IRS. dollars is based on the date the foreign currency is converted to U.S. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. tax payments in a foreign currency, the exchange rate used by the IRS to convert the foreign currency into U.S. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. ![]() ![]() While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. Q: Is the Dollar going up or down against the Yuan A: Todays exchange rate (7.1752) is higher compared to yesterdays rate (7.1614). Currently 100 US dollars is equivalent to 712.49 Chinese yuan. This has prompted more interest rate hikes around the world, as central bankers try to increase the value of their own currencies. to the Chinese Central Bank for currency swap, which is the exchange of a loan. We may receive compensation from our partners for placement of their products or services. Compared to a month ago, the Chinese yuan renminbi is getting weaker against the US dollar. The US dollar has risen by almost 15 against some of the world’s most traded currencies this year. Since then, it has been using a basket of currencies dominated by the US. While we are independent, the offers that appear on this site are from companies from which receives compensation. All international money transfer servicesį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. ![]()
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