As of 16 August 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.17 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 involved in currency exchange, staying informed about exchange rates is crucial to ensure transactions are conducted at the most favorable rates. The table below provides a snapshot of the current exchange rates for various currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.50 | 1.50 |
| British Pound (GBP) | 0.77 | 0.77 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.17 | 7.17 |
| Euro (EUR) | 0.91 | 0.91 |
| Japanese Yen (JPY) | 147.66 | 147.66 |
| New Zealand Dollar (NZD) | 1.65 | 1.65 |
| Swiss Franc (CHF) | 0.87 | 0.87 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates. Keeping track of inter-bank currency rates can help individuals and businesses make informed decisions when engaging in currency exchange transactions.
For the most up-to-date exchange rates and information on Chinese Yuan and other currencies, individuals can refer to the country's top currency rates portal, which provides timely updates on currency exchange rates.
