As of 4 July 2024, the Chinese Yuan to US Dollar exchange rate stands at USD 7.27 for both buying and selling, according to the open market rate. It's important to note that exchange rates between CNY and USD are subject to constant fluctuations due to global supply and demand dynamics.
For individuals or businesses looking to convert currency, 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 Chinese Yuan to USD and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.49 | 1.49 |
| British Pound (GBP) | 0.78 | 0.78 |
| Canadian Dollar (CAD) | 1.36 | 1.36 |
| Chinese Yuan (CNY) | 7.27 | 7.27 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 161.38 | 161.38 |
| New Zealand Dollar (NZD) | 1.64 | 1.64 |
| Swiss Franc (CHF) | 0.90 | 0.90 |
It's worth noting 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 stay informed about the latest developments in the foreign exchange market.
