As of 18 June 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.25 for both buying and selling, according to the open market rate. It's important to note that exchange rates between currencies, such as CNY to USD, 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. Keeping track of the latest rates can help in making informed decisions when it comes to currency exchange.
Here is a snapshot of the exchange rates for various currencies against the Chinese Yuan and the US Dollar:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.50 | 1.50 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.25 | 7.25 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 157.83 | 157.83 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| Swiss Franc (CHF) | 0.88 | 0.88 |
It's worth noting that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates. Therefore, staying informed about inter-bank rates can help individuals and businesses secure more favorable exchange rates.
For the most up-to-date exchange rates and information on CNY to USD and other currency pairs, individuals can refer to the country's top currency rates portal, which provides timely updates on currency exchange rates.
