As of 5 October 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.02 for both buying and selling, according to the open market rate. This rate is subject to fluctuations due to global supply and demand dynamics.
For individuals or businesses looking to convert currencies, understanding the current exchange rate is crucial. The table below provides a snapshot of the exchange rates for the Chinese Yuan against the US Dollar and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Chinese Yuan (CNY) | 7.02 | 7.02 |
| Australian Dollar (AUD) | 1.47 | 1.47 |
| British Pound (GBP) | 0.76 | 0.76 |
| Canadian Dollar (CAD) | 1.36 | 1.36 |
| Euro (EUR) | 0.91 | 0.91 |
| Japanese Yen (JPY) | 148.73 | 148.73 |
| New Zealand Dollar (NZD) | 1.62 | 1.62 |
| Swiss Franc (CHF) | 0.86 | 0.86 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates. Keeping track of inter-bank currency rates can help individuals and businesses make informed decisions when converting currencies.
For the most up-to-date exchange rates, individuals can refer to the country's top currency rates portal, which provides timely updates on currency exchange rates. By staying informed about exchange rate fluctuations, individuals can potentially secure the best possible rates when converting currencies.
