As of 20 July 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.27 for both buying and selling rates in the open market. It's important to note that exchange rates between currencies, such as the CNY to USD rate, 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. The table below provides a snapshot of the buying and selling rates for various currencies against the Chinese Yuan:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.50 | 1.50 |
| British Pound (GBP) | 0.77 | 0.77 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Chinese Yuan (CNY) | 7.27 | 7.27 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 157.49 | 157.49 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.89 | 0.89 |
It's worth noting that while open market rates provide a general indication of currency values, banks often apply slightly higher exchange rates. Therefore, individuals should stay informed about inter-bank rates to make informed decisions when exchanging currencies.
For the most up-to-date exchange rates and currency information, individuals can refer to the country's top currency rates portal, which regularly updates its data to reflect the latest market trends. By staying informed about exchange rates, individuals can make more informed decisions when converting currencies.
