As of 31 July 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.22 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 exchange rate trends can help in converting currency at the most favorable rate.
Here is a snapshot of the exchange rates for Chinese Yuan to US Dollar and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.53 | 1.53 |
| British Pound (GBP) | 0.78 | 0.78 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Chinese Yuan (CNY) | 7.22 | 7.22 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 149.73 | 149.73 |
| New Zealand Dollar (NZD) | 1.68 | 1.68 |
| Swiss Franc (CHF) | 0.88 | 0.88 |
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 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 movements can help individuals and businesses make informed decisions when dealing with foreign currencies.
