As of 20 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 latest rates, one can make informed decisions to get the best value for their money.
Here is a snapshot of the exchange rates for the Chinese Yuan against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.53 | 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) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 150.27 | 150.27 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| 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 rates for currency exchange services. Keeping an eye on inter-bank rates can help individuals and businesses make more cost-effective currency conversions.
Stay informed with the latest updates on currency exchange rates to make the most of your international transactions.
