As of 24 January 2025, the Chinese Yuan to US Dollar exchange rate stands at USD 7.24 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, understanding the current exchange rate is crucial for making informed decisions. Keeping track of the exchange rate trends can help in converting currency at the most favorable rate.
Here is a snapshot of the exchange rates for Chinese Yuan to US Dollar and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Australian Dollar (AUD) | 1.58 | 1.58 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.43 | 1.43 |
| Euro (EUR) | 0.95 | 0.95 |
| Japanese Yen (JPY) | 156.03 | 156.03 |
| New Zealand Dollar (NZD) | 1.77 | 1.77 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks often charge a higher exchange rate for currency conversion. Therefore, individuals should stay informed about the inter-bank currency rates to make cost-effective decisions.
For the latest updates on currency exchange rates, individuals can refer to the country's top currency rates portal, which provides up-to-date information on various currency pairs. Timely updates on inter-bank currency rates are also available on the website to help individuals stay informed about the latest developments in the foreign exchange market.
