As of 7 May 2024, the Chinese Yuan to USD exchange rate stands at USD 7.21 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 conversion, staying informed about exchange rates is crucial. By keeping track of the CNY to USD rates, one can make more informed decisions when converting currencies.
Here is a snapshot of the current exchange rates for various currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.21 | 7.21 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 154.24 | 154.24 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It's important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge higher exchange rates, so individuals should compare rates to ensure they are getting the best deal.
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 make informed decisions when converting currencies.
