As of 18 September 2024, the Chinese Yuan to USD exchange rate stands at USD 7.08 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 CNY to USD exchange rate can help in making informed decisions when it comes to currency conversion.
Here is a snapshot of the exchange rates for various currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.48 | 1.48 |
| British Pound (GBP) | 0.76 | 0.76 |
| Canadian Dollar (CAD) | 1.36 | 1.36 |
| Chinese Yuan (CNY) | 7.08 | 7.08 |
| Euro (EUR) | 0.90 | 0.90 |
| Japanese Yen (JPY) | 142.68 | 142.68 |
| New Zealand Dollar (NZD) | 1.61 | 1.61 |
| 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 typically charge a higher exchange rate on currencies, so individuals should be aware of this when conducting currency transactions.
For the most up-to-date exchange rates, individuals can refer to the country's top currency rates portal, which provides timely updates on inter-bank currency rates. Staying informed about exchange rate fluctuations can help individuals make informed decisions when it comes to currency exchange.
