As of 23 August 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.12 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 due to global supply and demand dynamics.
For individuals or businesses looking to convert currency, understanding the current exchange rate is crucial in order to get the best value for their money. 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 the Chinese Yuan against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.47 | 1.47 |
| British Pound (GBP) | 0.76 | 0.76 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Chinese Yuan (CNY) | 7.12 | 7.12 |
| Euro (EUR) | 0.89 | 0.89 |
| Japanese Yen (JPY) | 144.37 | 144.37 |
| New Zealand Dollar (NZD) | 1.60 | 1.60 |
| Swiss Franc (CHF) | 0.85 | 0.85 |
It's worth noting that open market currency exchange rates may differ from those offered by banks, which typically charge higher rates for currency exchange. Staying informed about inter-bank rates can help individuals and businesses make more cost-effective decisions when dealing with currency exchange.
