As of 24 November 2024, the Chinese Yuan to USD exchange rate stands at USD 7.24 for both buying and selling, according to the open market rate. Exchange rates between the Chinese Yuan and US Dollar are subject to constant fluctuations, influenced by global supply and demand dynamics.
For individuals or businesses looking to convert currency, understanding the current exchange rate is crucial in order to secure the best possible deal. Keeping track of the CNY to USD exchange rate can help in making informed decisions when engaging in currency transactions.
Here is a snapshot of the exchange rates for the Chinese Yuan against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.53 | 1.53 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.39 | 1.39 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.95 | 0.95 |
| Japanese Yen (JPY) | 154.18 | 154.18 |
| New Zealand Dollar (NZD) | 1.71 | 1.71 |
| Swiss Franc (CHF) | 0.89 | 0.89 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates for currency exchange. Staying informed about inter-bank currency rates can help individuals and businesses make more cost-effective decisions when dealing with currency conversions.
