As of 28 July 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.25 for both buying and selling rates in the open market. It's important to note that exchange rates between currencies, such as the CNY to USD rate, are subject to constant fluctuations based on global supply and demand dynamics.
For individuals or businesses looking to convert currencies, understanding the current exchange rate is crucial to ensure the best possible deal. The table below provides a snapshot of the buying and selling rates for various currencies against the Chinese Yuan:
| 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) | 7.25 | 7.25 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 154.15 | 154.15 |
| New Zealand Dollar (NZD) | 1.70 | 1.70 |
| Swiss Franc (CHF) | 0.88 | 0.88 |
It's worth noting that while open market rates provide a general indication of currency values, banks often apply slightly higher exchange rates. Therefore, individuals should stay informed about inter-bank rates to make informed decisions when exchanging currencies.
For the most up-to-date currency exchange rates, individuals can refer to the country's top currency rates portal, which regularly updates information on various currency pairs. Keeping track of these rates can help individuals secure favorable exchange rates for their currency transactions.
