As of 7 March 2024, the Chinese Yuan to USD exchange rate stands at USD 7.19 for both buying and selling, according to the open market rate. This rate is subject to fluctuations due to global supply and demand dynamics.
For individuals or businesses involved in currency conversion, staying informed about exchange rates is crucial. By monitoring the CNY to USD rates, one can make informed decisions to secure the best possible conversion rates.
Here is a snapshot of the current exchange rates for various currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.78 | 0.78 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Chinese Yuan (CNY) | 7.19 | 7.19 |
| Euro (EUR) | 0.91 | 0.91 |
| Japanese Yen (JPY) | 147.89 | 147.89 |
| New Zealand Dollar (NZD) | 1.62 | 1.62 |
| Swiss Franc (CHF) | 0.88 | 0.88 |
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge higher exchange rates, making it essential to compare rates before converting currencies.
For the latest updates on inter-bank currency rates, individuals can refer to the country's top currency rates portal. Staying informed about exchange rate movements can help individuals and businesses make informed decisions when engaging in currency exchange transactions.
