As of 1 October 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.03 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 in order to secure the best possible deal. Keeping track of the exchange rate trends can help in making informed decisions when it comes to currency conversion.
Here is a snapshot of the latest exchange rates for the Chinese Yuan against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.45 | 1.45 |
| British Pound (GBP) | 0.75 | 0.75 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Chinese Yuan (CNY) | 7.03 | 7.03 |
| Euro (EUR) | 0.90 | 0.90 |
| Japanese Yen (JPY) | 143.47 | 143.47 |
| New Zealand Dollar (NZD) | 1.59 | 1.59 |
| Swiss Franc (CHF) | 0.85 | 0.85 |
It's worth noting 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.
For the most up-to-date exchange rates and information on Chinese Yuan rates and other currencies, individuals can refer to the country's top currency rates portal, which provides timely updates on currency exchange rates.
