As of 31 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 conversion, staying informed about exchange rates is crucial to ensure the best possible deal. The table below provides 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) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.23 | 7.23 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 156.96 | 156.96 |
| New Zealand Dollar (NZD) | 1.64 | 1.64 |
| 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, with banks typically charging higher rates. This emphasizes the significance of staying updated on inter-bank currency rates to make informed decisions regarding currency exchange.
For the latest updates on currency exchange rates, individuals can refer to the country's top currency rates portal, which provides timely information to assist in navigating the complexities of currency conversion.
