As of 19 October 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.10 for both buying and selling, according to the open market rate. It's important to note that exchange rates between the Chinese Yuan and the US Dollar 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 in order to secure the best possible deal. The table below provides a snapshot of the exchange rates for the Chinese Yuan against the US Dollar and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Chinese Yuan (CNY) | 7.10 | 7.10 |
| Australian Dollar (AUD) | 1.49 | 1.49 |
| British Pound (GBP) | 0.77 | 0.77 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 149.52 | 149.52 |
| New Zealand Dollar (NZD) | 1.65 | 1.65 |
| Swiss Franc (CHF) | 0.87 | 0.87 |
It's worth noting that while open market currency exchange rates provide a general indication of the market rate, banks often charge a slightly higher rate for currency exchange services. Therefore, individuals should stay informed about the latest inter-bank currency rates to make informed decisions when converting currencies.
