As of 18 August 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.17 for both buying and selling, according to the open market rate. It's important to note that exchange rates between currencies, such as CNY to USD, are subject to constant fluctuations based on global supply and demand dynamics.
For individuals or businesses looking to convert currencies, understanding the prevailing exchange rates is crucial to ensure the best possible deal. Keeping track of the latest rates can help in making informed decisions when engaging in currency exchange transactions.
Here is a snapshot of the current exchange rates for various currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.50 | 1.50 |
| British Pound (GBP) | 0.77 | 0.77 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.17 | 7.17 |
| Euro (EUR) | 0.91 | 0.91 |
| Japanese Yen (JPY) | 147.93 | 147.93 |
| New Zealand Dollar (NZD) | 1.65 | 1.65 |
| Swiss Franc (CHF) | 0.87 | 0.87 |
It's worth noting that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates for currency exchange services. Staying informed about inter-bank currency rates can help individuals and businesses make more cost-effective decisions when dealing with currency conversions.
For the most up-to-date exchange rates and information on Chinese Yuan and other currencies, individuals can refer to the country's top currency rates portal, which provides timely updates on currency exchange rates.
