As of 16 April 2024, the Chinese Yuan to USD exchange rate stands at USD 7.24 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 keeping track of 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 CNY to USD and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.55 | 1.55 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.94 | 0.94 |
| Japanese Yen (JPY) | 154.22 | 154.22 |
| New Zealand Dollar (NZD) | 1.69 | 1.69 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It's important to note that open market currency exchange rates may differ from those offered by banks. Banks often apply higher exchange rates, so individuals should compare rates to ensure they are getting the best deal.
For the latest updates on inter-bank currency rates and comprehensive currency exchange information, individuals can refer to the country's top currency rates portal. Staying informed about exchange rates can help individuals navigate the currency market effectively and make informed financial decisions.
