As of 4 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. 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 to ensure the best possible conversion value. Keeping track of the CNY to USD exchange rate can help in making informed decisions when dealing with international transactions.
Here is a snapshot of the exchange rates for the Chinese Yuan against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.52 | 1.52 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 151.57 | 151.57 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.90 | 0.90 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher exchange rates. Keeping an eye on inter-bank currency rates can help individuals and businesses make more cost-effective currency conversions.
For the most up-to-date exchange rates, individuals can refer to the country's top currency rates portal, which provides timely updates on currency exchange rates. Staying informed about exchange rate fluctuations can help in making informed decisions when dealing with international currencies.
