As of 29 May 2024, the Chinese Yuan to USD exchange rate stands at USD 7.25 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 looking to convert currencies, understanding the current exchange rate is crucial. The table below provides a snapshot of the exchange rates for various currencies against the Chinese Yuan:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.50 | 1.50 |
| British Pound (GBP) | 0.78 | 0.78 |
| Canadian Dollar (CAD) | 1.36 | 1.36 |
| Chinese Yuan (CNY) | 7.25 | 7.25 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 157.27 | 157.27 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| 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 charge higher exchange rates, making it essential for consumers to stay informed about the latest inter-bank rates.
For the most up-to-date currency exchange rates, individuals can refer to the country's top currency rates portal, which provides timely updates on inter-bank rates. Keeping track of these rates can help individuals make informed decisions when converting currencies.
