Business Desk 27 Feb , 2024 01:03 AM GMT
Exchange rate: CNY to USD is 7.20 for buying and selling.
Rates fluctuate due to global supply and demand dynamics.
Comparing rates can help individuals get the best deal.
Exchange rate: CNY to USD is 7.20 for buying and selling.
As of 26 February 2024, the Chinese Yuan to USD exchange rate stands at USD 7.20 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 looking to convert currencies, understanding the current exchange rate is crucial. By keeping track of the CNY to USD rates, one can make informed decisions to get the best value for their money.
Here is a snapshot of the exchange rates for various currencies against the Chinese Yuan:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.53 | 1.53 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Chinese Yuan (CNY) | 7.20 | 7.20 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 150.56 | 150.56 |
| New Zealand Dollar (NZD) | 1.62 | 1.62 |
| Swiss Franc (CHF) | 0.88 | 0.88 |
It's important to note that open market currency exchange rates may differ from those offered by banks. Banks often charge higher exchange rates, so individuals should compare rates to ensure they are getting the best deal.
For the most up-to-date information on inter-bank currency rates, individuals can refer to the country's top currency rates portal. This portal provides timely updates on exchange rates, helping individuals stay informed about the latest developments in the foreign exchange market.
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