Title: The Latest CNY to USD and Other Currency Rates - 28 January 2024
Introduction:
Currency exchange rates play a vital role in international trade and finance. One such exchange rate that has been closely monitored is the Chinese Yuan (CNY) to US Dollar (USD). As of 28th January 2024, the buying exchange rate for 1 Chinese Yuan stands at USD 7.10, while the selling exchange rate remains the same. Let's delve deeper into these rates and explore other currency conversions as well.
CNY to USD and Other Currency Rates:
The Chinese Yuan to US Dollar exchange rate is subject to constant fluctuations due to global supply and demand. It is essential for individuals and businesses to stay informed about the current rates to make the most profitable foreign currency conversions.
Today, the buying and selling exchange rates for the CNY to USD are both reported at USD 7.10. This means that if you were to buy 1 Chinese Yuan, you would need to exchange it for USD 7.10, and vice versa if you were to sell 1 Chinese Yuan, you would receive USD 7.10 in return.
Other Currency Rates:
Apart from the CNY to USD rates, let's take a look at the exchange rates for some other major currencies as of 28th January 2024:
- Australian Dollar (AUD): Buying - AUD 1.52, Selling - AUD 1.52 - British Pound (GBP): Buying - GBP 0.79, Selling - GBP 0.79 - Canadian Dollar (CAD): Buying - CAD 1.35, Selling - CAD 1.35 - Euro (EUR): Buying - EUR 0.92, Selling - EUR 0.92 - Japanese Yen (JPY): Buying - JPY 148.19, Selling - JPY 148.19 - New Zealand Dollar (NZD): Buying - NZD 1.64, Selling - NZD 1.64 - Swiss Franc (CHF): Buying - CHF 0.86, Selling - CHF 0.86
Understanding Currency Exchange Rates:
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge a higher exchange rate for currency conversion. That's why it is crucial to stay updated on inter-bank currency rates, which we provide timely updates of on our website.
Conclusion:
In conclusion, the CNY to USD exchange rate remains at USD 7.10 for both buying and selling as of 28th January 2024. However, exchange rates are subject to continuous changes due to global market dynamics. Staying informed about currency exchange rates is crucial for making informed financial decisions and securing the most favorable conversion rates.
