As of 10 May 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.22 for both buying and selling, according to the open market rate. It's important to note that exchange rates between the CNY and USD are subject to constant fluctuations due to global supply and demand dynamics.
For individuals or businesses involved in currency conversion, staying informed about the latest exchange rates is crucial to ensure the best possible deal. The table below provides a snapshot of the current exchange rates for the Chinese Yuan against various other currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.22 | 7.22 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 155.39 | 155.39 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
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 the country's top currency rates portal, which offers timely updates on exchange rates. By keeping track of these rates, individuals can make more informed decisions when it comes to currency conversion.
