As of 27 October 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 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 prevailing exchange rates is crucial to ensure the best possible deal. Keeping track of the latest rates can help in making informed decisions when engaging in currency exchange transactions.
Here is a snapshot of the current exchange rates for Chinese Yuan (CNY) against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.77 | 0.77 |
| Canadian Dollar (CAD) | 1.39 | 1.39 |
| Chinese Yuan (CNY) | 7.12 | 7.12 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 152.95 | 152.95 |
| New Zealand Dollar (NZD) | 1.67 | 1.67 |
| Swiss Franc (CHF) | 0.87 | 0.87 |
It's worth noting that while open market currency exchange rates provide a general indication of the value of a currency, actual rates may vary, especially when dealing with banks. Banks often charge higher exchange rates compared to the open market, so individuals should be mindful of this when conducting currency exchanges.
For the most up-to-date information on inter-bank currency rates and to stay informed about the latest developments in the foreign exchange market, individuals can refer to the country's top currency rates portal, which regularly updates its data to reflect the current market conditions.
