As of 2 May 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.24 for both buying and selling rates in the open market. This rate is subject to fluctuations due to global supply and demand dynamics.
For individuals or businesses involved in currency conversion, understanding the current exchange rate is crucial to ensure the best possible deal. Keeping track of the CNY to USD exchange rate can help in making informed decisions when converting currencies.
Here is a snapshot of the exchange rates for Chinese Yuan against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.53 | 1.53 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 155.69 | 155.69 |
| New Zealand Dollar (NZD) | 1.69 | 1.69 |
| Swiss Franc (CHF) | 0.92 | 0.92 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates. Therefore, staying informed about inter-bank currency rates can help individuals and businesses make more cost-effective currency exchange decisions.
