As of 20 November 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.25 for both buying and selling, according to the open market rate. It's important to note that exchange rates between currencies, such as CNY to USD, are subject to constant fluctuations based on 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 deal. Keeping track of the latest rates can help in making informed decisions when it comes to currency exchange.
Here is a snapshot of the exchange rates for various currencies against the Chinese Yuan:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.54 | 1.54 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.40 | 1.40 |
| Chinese Yuan (CNY) | 7.25 | 7.25 |
| Euro (EUR) | 0.95 | 0.95 |
| Japanese Yen (JPY) | 155.30 | 155.30 |
| New Zealand Dollar (NZD) | 1.70 | 1.70 |
| Swiss Franc (CHF) | 0.88 | 0.88 |
It's worth noting that while open market rates provide a general indication of exchange rates, banks often charge slightly higher rates for currency exchange. Staying informed about inter-bank rates can help individuals and businesses make more cost-effective decisions when dealing with currency conversions.
For the most up-to-date information on currency exchange rates, individuals can refer to the country's top currency rates portal, which regularly updates inter-bank rates to provide accurate and timely information to users.
