As of 6 July 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.27 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 currencies, understanding the current exchange rate is crucial. 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 |
|---|---|---|
| Australian Dollar (AUD) | 1.48 | 1.48 |
| British Pound (GBP) | 0.78 | 0.78 |
| Canadian Dollar (CAD) | 1.36 | 1.36 |
| Chinese Yuan (CNY) | 7.27 | 7.27 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 160.74 | 160.74 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| Swiss Franc (CHF) | 0.90 | 0.90 |
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 Chinese Yuan. Banks typically charge a higher exchange rate compared to the open market.
For the most up-to-date information on inter-bank currency rates, individuals can refer to reliable sources such as the country's top currency rates portal. Keeping track of these rates can help individuals make informed decisions when converting currencies.
