As of 16 May 2024, the Chinese Yuan to USD 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, staying informed about exchange rates is crucial to ensure optimal conversions. The table below provides a snapshot of the current exchange rates for Chinese Yuan to USD and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.49 | 1.49 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.36 | 1.36 |
| Chinese Yuan (CNY) | 7.22 | 7.22 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 154.29 | 154.29 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| Swiss Franc (CHF) | 0.90 | 0.90 |
It's important to note that open market currency exchange rates may differ from those offered by banks, which often charge higher rates. Keeping track of inter-bank rates can help individuals make informed decisions when exchanging currencies.
For the most up-to-date exchange rates, individuals can refer to the country's top currency rates portal, which provides timely updates on currency fluctuations. By staying informed about exchange rates, individuals can make the most of their currency conversions and transactions.
