As of 26 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 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 buying and selling rates for various currencies in comparison to the Chinese Yuan:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.48 | 1.48 |
| British Pound (GBP) | 0.76 | 0.76 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Chinese Yuan (CNY) | 7.12 | 7.12 |
| Euro (EUR) | 0.90 | 0.90 |
| Japanese Yen (JPY) | 144.50 | 144.50 |
| New Zealand Dollar (NZD) | 1.61 | 1.61 |
| Swiss Franc (CHF) | 0.85 | 0.85 |
It's worth noting that while open market currency exchange rates provide a general indication of the market rate, banks often charge a higher exchange rate for currency conversions. Therefore, staying informed about inter-bank currency rates can help individuals make more informed decisions when exchanging currencies.
For the most up-to-date exchange rates and information on Chinese Yuan rates and other currencies, individuals can refer to the country's top currency rates portal, which provides timely updates on currency exchange rates.
