As of 2 October 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.04 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. Keeping track of the exchange rate can help in making informed decisions when converting currency.
Here is a snapshot of the exchange rates for Chinese Yuan to US Dollar and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Chinese Yuan (CNY) | 7.04 | 7.04 |
| Australian Dollar (AUD) | 1.45 | 1.45 |
| British Pound (GBP) | 0.75 | 0.75 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Euro (EUR) | 0.91 | 0.91 |
| Japanese Yen (JPY) | 146.56 | 146.56 |
| New Zealand Dollar (NZD) | 1.60 | 1.60 |
| Swiss Franc (CHF) | 0.85 | 0.85 |
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks often charge higher exchange rates, so individuals should compare rates before making currency exchanges.
For the most up-to-date information on inter-bank currency rates, individuals can refer to the country's top currency rates portal. This portal provides timely updates on exchange rates, helping individuals stay informed about currency fluctuations.
