As of 7 June 2024, the Chinese Yuan to USD exchange rate stands at USD 7.25 for both buying and selling, according to the open market rate. Exchange rates between the Chinese Yuan and the US Dollar are subject to constant fluctuations due to global supply and demand dynamics.
For individuals or businesses looking to convert currencies, understanding the current exchange rate is crucial. This information can help in making informed decisions to secure the best possible rate.
Here is a snapshot of the exchange rates for the Chinese Yuan against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.50 | 1.50 |
| British Pound (GBP) | 0.78 | 0.78 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.25 | 7.25 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 155.70 | 155.70 |
| New Zealand Dollar (NZD) | 1.61 | 1.61 |
| Swiss Franc (CHF) | 0.89 | 0.89 |
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge higher exchange rates for currencies. Keeping track of inter-bank currency rates can help individuals and businesses stay informed about the latest developments in the foreign exchange market.
