As of 11 May 2024, the Chinese Yuan to USD exchange rate stands at USD 7.23 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) | 1.51 | 1.51 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.23 | 7.23 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 155.79 | 155.79 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates. Keeping track of inter-bank currency rates can help individuals make informed decisions when exchanging currencies.
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. Timely updates on inter-bank currency rates are also available on the website, ensuring that individuals have access to accurate and current information for their currency exchange needs.
