As of 4 May 2024, the Chinese Yuan to USD exchange rate stands at USD 7.24 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, understanding the current exchange rate is crucial to ensure the best possible deal. Keeping track of the CNY to USD exchange rate can help in making informed decisions when converting currencies.
Here is a snapshot of the exchange rates for various currencies against the Chinese Yuan:
| 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) | 7.24 | 7.24 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 153.05 | 153.05 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.90 | 0.90 |
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge higher exchange rates, making it essential to stay informed about the latest inter-bank currency rates.
For the most up-to-date exchange rates and currency information, refer to the country's top currency rates portal. Regularly monitoring exchange rates can help individuals and businesses make informed decisions when dealing with foreign currencies.
