The current rate of exchange varies according of the way you have the money to be changed.  If you have an electronic transfer at  the bank, you will get the best rate (about 6.21 today).  If you have $ 100 US dollar bills, you will get the second best.  And if you have a bunch of $ 20, $10, $ 5 and $ 1 then you will get one maybe 0.02 lower than the second one.  Of course, for small amounts is not significant, but for large amounts it does count.

Many do feel abroad that the yuan is still undervalued.  What they do not seem to agree is by how much.  The bast numbers I have seen place the value from 30 to 40 % lower within the next 5 years.  I do not believe China will go that far, rememberit does depends on exports to survive.

I think (my opinion) it's undervalued but I can only guess at a more accurate value. Maybe 5:1 RMB to USD?

I think the RMB will appreciate gradually against the dollar because that's the CCP policy and they don't float the RMB, they control it.

the dominant world currency may be their goal, no exports of gold since 2009, buying alot of gold, but until people can trust their markets here , i dont think people will rush to the rmb, if they had a singapore system here , maybe they could control more , but they have to get the saudis to change the rule of buying oil only in dollars first, then the dollar is toast. the problem then would be what currency can you trust. singapore, switzerland, canada, maybe australia, tough choices.

There is a lot we don't know about China's economy, and the value of the Yuan is only one of those things. We also don't know the real value of its economy in terms of GDP or its annual growth rate. We know what they say it is, the question is whether or not we take them at their word. Having spent some time in the smaller cities in China, I don't know that I do. China is essentially divided into thousands of political fiefdoms where the mayor and the heads of whatever industry or industries are important to that particular area have a lot of autonomy, even when enforcing established law or reporting production quotas. Fareed Zakaria, for instance, has argued that because power is essentially shared between a central authority and regional authorities that the Chinese system is in a way like the federal systems used by governments in North America, except that that model can be applied to industry as well. So when the government in Beijing hands down production quotas and its expectations for expenses for its state owned enterprises, it, and by extension the rest of the world, trusts that they are being met. I think that its incredibly likely that these people, who are some of the most corrupt people in the country, may be misrepresenting the figures that they turn it, especially when they have an incentive to do so. Its impossible to even know how often this happens because China is incapable of conducting a comprehensive audit of its own books. And that's why China would be a bad candidate for the reserve currency simply because it would mean that China would have to open up its books entirely, and that's something that they can't do. Really, for the next couple decades, the dollar is remains the best choice for the world's reserve currency.

I suspect that it's still undervalued, but who really knows.

I really hope that China continues to let the RMB gradually appreciate against the USD (That's about the only positive thing I have going for me here: my earnings will be worth more in the future. *fingers crossed*).

However, I worry that  in wake of its current economic troubles, China may be tempted to fall back on a cheap yuan again, even though it probably goes against its long-term interests.

(not an economist)

We don't know about china economy and china liabilities and municipality liabilities and also china gov control fluctuation currency yuan, so we can only guess and i think that yuan not go up appreciate with euro.