Note: In Chinese “Renminbi” (RMB) means “People’s Currency”
Exchange Rate as of 5-2-2017 posted at www.xe.com
$1 USD = ABOUT 6.89 yuan RMB
$100 US dollars = ABOUT 689 yuan RMB
1 yuan = ABOUT 14 US cents
1 yuan = 10 jiao; 1 jiao = 10 fen.
A yuan is often called a kuai (that’s like saying a dollar is a buck) and a jiao is often called a mao (no reason that I know of!)
* special thanks to Judy Gautier, an “old China hand” who prepared this for one of her teams a few years back.