As of 4 September 2024, the Chinese Yuan to USD exchange rate stands at USD 7.11 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 involved in currency exchange, understanding the current exchange rate is crucial for making informed decisions. Keeping track of the CNY to USD exchange rate can help in converting currency at the most favorable rate.
Here is a snapshot of the exchange rates for various currencies against the Chinese Yuan and the US Dollar:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.49 | 1.49 |
| British Pound (GBP) | 0.76 | 0.76 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Chinese Yuan (CNY) | 7.11 | 7.11 |
| Euro (EUR) | 0.90 | 0.90 |
| Japanese Yen (JPY) | 143.33 | 143.33 |
| New Zealand Dollar (NZD) | 1.62 | 1.62 |
| 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. Therefore, individuals should stay informed about inter-bank currency rates to ensure they are getting the best deal.
For the latest updates on currency exchange rates, individuals can refer to the country's top currency rates portal, which provides up-to-date information on exchange rates. By staying informed about exchange rates, individuals can make more informed decisions when converting currencies.
