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Chinese Yuan (CNY) Exchange Rates on 03rd May 2024 (03/05/2024)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2024-05-03
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.1102 CNY to GBP 9.0741 GBP to CNY
CNY CNY BGN BGN 0.2531 CNY to BGN 3.9506 BGN to CNY
CNY CNY HRK HRK 0.9778 CNY to HRK 1.0227 HRK to CNY
CNY CNY CZK CZK 3.2328 CNY to CZK 0.3093 CZK to CNY
CNY CNY DKK DKK 0.9613 CNY to DKK 1.0403 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 50.2203 CNY to HUF 0.0199 HUF to CNY
CNY CNY KZT KZT 60.8588 CNY to KZT 0.0164 KZT to CNY
CNY CNY LVL LVL 0.0835 CNY to LVL 11.9706 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 7.944 CNY to MKD 0.1259 MKD to CNY
CNY CNY MDL MDL 2.4265 CNY to MDL 0.4121 MDL to CNY
CNY CNY NOK NOK 1.5232 CNY to NOK 0.6565 NOK to CNY
CNY CNY PLN PLN 0.5572 CNY to PLN 1.7948 PLN to CNY
CNY CNY RON RON 0.6418 CNY to RON 1.5581 RON to CNY
CNY CNY RUB RUB 12.9192 CNY to RUB 0.0774 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.5083 CNY to SEK 0.663 SEK to CNY
CNY CNY CHF CHF 0.1266 CNY to CHF 7.8998 CHF to CNY
CNY CNY TRY TRY 4.4628 CNY to TRY 0.2241 TRY to CNY
CNY CNY UAH UAH 5.447 CNY to UAH 0.1836 UAH to CNY
Updated: 2024-05-03
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY ARS ARS 120.5676 CNY to ARS 0.0083 ARS to CNY
CNY CNY BOB BOB 0.9505 CNY to BOB 1.0521 BOB to CNY
CNY CNY BRL BRL 0.7176 CNY to BRL 1.3936 BRL to CNY
CNY CNY CAD CAD 0.1896 CNY to CAD 5.2748 CAD to CNY
CNY CNY KYD KYD 0.1146 CNY to KYD 8.7236 KYD to CNY
CNY CNY CLP CLP 132.6329 CNY to CLP 0.0075 CLP to CNY
CNY CNY COP COP 540.5411 CNY to COP 0.0018 COP to CNY
CNY CNY CRC CRC 70.1907 CNY to CRC 0.0142 CRC to CNY
CNY CNY DOP DOP 7.9977 CNY to DOP 0.125 DOP to CNY
CNY CNY SVC SVC 1.2036 CNY to SVC 0.8309 SVC to CNY
CNY CNY FJD FJD 0.3179 CNY to FJD 3.1455 FJD to CNY
CNY CNY HNL HNL 3.3987 CNY to HNL 0.2942 HNL to CNY
CNY CNY JMD JMD 21.4617 CNY to JMD 0.0466 JMD to CNY
CNY CNY MXN MXN 2.3406 CNY to MXN 0.4272 MXN to CNY
CNY CNY ANG ANG 0.2479 CNY to ANG 4.0338 ANG to CNY
CNY CNY PYG PYG 1030.7942 CNY to PYG 0.001 PYG to CNY
CNY CNY PEN PEN 0.5185 CNY to PEN 1.9287 PEN to CNY
CNY CNY TTD TTD 0.9345 CNY to TTD 1.0701 TTD to CNY
CNY CNY USD USD 0.1381 CNY to USD 7.2409 USD to CNY
CNY CNY UYU UYU 5.2733 CNY to UYU 0.1896 UYU to CNY
CNY CNY VEF VEF 500288.489 CNY to VEF 0 VEF to CNY
Updated: 2024-05-03
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CNY CNY AUD AUD 0.2115 CNY to AUD 4.7281 AUD to CNY
CNY CNY BDT BDT 15.0964 CNY to BDT 0.0662 BDT to CNY
CNY CNY BND BND 0.1877 CNY to BND 5.3262 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 11.5229 CNY to INR 0.0868 INR to CNY
CNY CNY IDR IDR 2236.1225 CNY to IDR 0.0004 IDR to CNY
CNY CNY JPY JPY 21.5386 CNY to JPY 0.0464 JPY to CNY
CNY CNY MYR MYR 0.6582 CNY to MYR 1.5193 MYR to CNY
CNY CNY MVR MVR 2.0702 CNY to MVR 0.483 MVR to CNY
CNY CNY NPR NPR 18.4705 CNY to NPR 0.0541 NPR to CNY
CNY CNY NZD NZD 0.2331 CNY to NZD 4.2905 NZD to CNY
CNY CNY PKR PKR 38.2945 CNY to PKR 0.0261 PKR to CNY
CNY CNY PGK PGK 0.5309 CNY to PGK 1.8834 PGK to CNY
CNY CNY PHP PHP 7.9553 CNY to PHP 0.1257 PHP to CNY
CNY CNY SCR SCR 1.8841 CNY to SCR 0.5307 SCR to CNY
CNY CNY SGD SGD 0.1878 CNY to SGD 5.3241 SGD to CNY
CNY CNY KRW KRW 190.0902 CNY to KRW 0.0053 KRW to CNY
CNY CNY LKR LKR 41.0139 CNY to LKR 0.0244 LKR to CNY
CNY CNY TWD TWD 4.4957 CNY to TWD 0.2224 TWD to CNY
CNY CNY THB THB 5.0989 CNY to THB 0.1961 THB to CNY
Updated: 2024-05-03
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CNY CNY BHD BHD 0.0519 CNY to BHD 19.284 BHD to CNY
CNY CNY EGP EGP 6.5807 CNY to EGP 0.152 EGP to CNY
CNY CNY HKD HKD 1.0797 CNY to HKD 0.9262 HKD to CNY
CNY CNY ILS ILS 0.5187 CNY to ILS 1.9279 ILS to CNY
CNY CNY JOD JOD 0.0979 CNY to JOD 10.2171 JOD to CNY
CNY CNY KWD KWD 0.0426 CNY to KWD 23.4957 KWD to CNY
CNY CNY LBP LBP 12320.1317 CNY to LBP 0.0001 LBP to CNY
CNY CNY OMR OMR 0.053 CNY to OMR 18.8829 OMR to CNY
CNY CNY QAR QAR 0.5028 CNY to QAR 1.9887 QAR to CNY
CNY CNY SAR SAR 0.5182 CNY to SAR 1.9296 SAR to CNY
CNY CNY AED AED 0.5072 CNY to AED 1.9714 AED to CNY
CNY CNY YER YER 34.5745 CNY to YER 0.0289 YER to CNY
Updated: 2024-05-03
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CNY CNY DZD DZD 18.5237 CNY to DZD 0.054 DZD to CNY
CNY CNY KES KES 18.6441 CNY to KES 0.0536 KES to CNY
CNY CNY MUR MUR 6.4039 CNY to MUR 0.1562 MUR to CNY
CNY CNY MAD MAD 1.3924 CNY to MAD 0.7182 MAD to CNY
CNY CNY NAD NAD 2.5684 CNY to NAD 0.3893 NAD to CNY
CNY CNY NIO NIO 5.0631 CNY to NIO 0.1975 NIO to CNY
CNY CNY NGN NGN 192.8445 CNY to NGN 0.0052 NGN to CNY
CNY CNY SLL SLL 2895.9913 CNY to SLL 0.0003 SLL to CNY
CNY CNY ZAR ZAR 2.5653 CNY to ZAR 0.3898 ZAR to CNY
CNY CNY TZS TZS 355.5885 CNY to TZS 0.0028 TZS to CNY
CNY CNY TND TND 0.4346 CNY to TND 2.3009 TND to CNY
CNY CNY UGX UGX 523.9759 CNY to UGX 0.0019 UGX to CNY
CNY CNY XOF XOF 84.5723 CNY to XOF 0.0118 XOF to CNY
CNY CNY ZMK ZMK 1243.1049 CNY to ZMK 0.0008 ZMK to CNY

Chinese Yuan (CNY)

Sign ¥
1 Chinese Yuan is subdivided into 10 jiao or 100 fen.

Hello CNY, RMB, CN¥ are all international foreign currency codes for the renminbi, the official Peoples Republic of China (PRC) currency represented with the accounting symbol, ¥. Historically the renminbi held a fixed value relative to a specified currency, typically the USD, with this value and all monetary policy within the PRC being managed by the Monetary Policy Organization within the PRC. After 2005 this fixed rate of exchange was changed and the currency is now being allowed to float within a narrowly defined range based on a collection of world currencies. The stated goal of the PRC is to slowly allow the CNY to float within an increasingly large and controlled range as they transition from a fully planned economy to a full market economy with a completely free floating currency. This is a long term goal that the PRC has established by which they plan for the CNY to eventually eclipse all other currencies in traded value and in use as an international reserve currency. As it stands in 2011 the CNY is not a highly traded currency nor is it a significant reserve currency by any standard of valuation. While stating the desire for the CNY to be respected as a viable reserve and safe haven currency, it is widely accepted as fact that the PRC is has taken substantial steps to ensure the CNY is undervalued in order to maintain exports and give the PRC a competitive advantage in international trade. This fact among other critical issues all need to be addressed before the CNY is trusted and accepted in worldwide markets.

Coins used:
frequently - ¥0.1, ¥0.5, ¥1
rarely - ¥0.01, ¥0.02, ¥0.05

Banknotes used:
frequently - ¥1, ¥5, ¥10, ¥20, ¥50, ¥100
rarely - ¥0.1, ¥0.2, ¥0.5, ¥2

Central Bank
People's Bank of China
http://www.pbc.gov.cn
The word renminbi is translated as the "people's currency" and each unit of the renminbi is called the yuan, hence the "Y" in the CNY currency code. The yuan can be split into 1/100th of Yuan units known as one f?n, with 10 fen equal to one jiao and 10 jiao equal to one yuan. In practical daily life, the f?n is rarely used with the most common small currency denomination being the jiao. All of these types of CNY denominations are issued by the Peoples Bank of China and are considered legal tender throughout the Chinese mainland excluding Macau and Hong Kong.

The PRC is cautiously making international trade using the CNY as the transacting currency available to other countries. Prior to 2009 all trade had to be completed in USD through a specific process where the USD would be converted throughout the People's Bank of China (PBC) into CNY leaving them with a transaction fee and holding USD, with the PRC company being paid in CNY. In the case of purchases from outside companies, the PBC would remit in USD and hold the CNY with the net result of never allowing USD in nor letting CNY out of the country. Starting in 2009 the PRC began to transact limited business between companies in Shanghai and Guangdong provinces and affiliated companies in Macau, Hong Kong and specific ASEAN member nations.

Citing success of this plot program the PRC began to expand the program to an additional 20 provinces and by the end of 2011 all provinces within the PRC were allowed to transact on a limited and provisional basis with their counterparts in other nations. All of this is strictly controlled and studied as the PRC takes gradual and cautious steps in setting the stage for the CNY to eventually dominate world markets.

While it had been speculated that the CNY would become the third largest reserve currency by the end of 2011, that prediction fell flat as the PRC failed to open liquidity and access to the CNY by international traders and markets. The PRC is clearly taken a slower path than most expected, no doubt as a measure of caution in order to ensure that any openness or allowance for the internationalization of the CNY will not disrupt of negatively alter the economy. This has its roots in the PRC's desire to join the legitimate international community yet their difficulty in shedding their old command and control ways of transacting business. In order for the CNY to overtake the world stage a new era of openness and verifiability will be required, liquidity of all CNY financial instruments needs to be made available, and the PRC must be able to convince the international community that they are committed to openness and progress and will not change course unexpectedly in the future. With these and other changes the CNY is positioned well to overcome the rest of the worlds currencies and become the worlds most widely held reserve currency. While the PRC is taking slow steps, they are making quicker advances in allowing countries that wish to withdraw from the EUR and USD such as Venezuela, Russia, Thailand, and Vietnam.

Recently the PRC has allowed more commodities such as gold to be traded in CNY which will inevitably lead to oil and other oil related commodities all of which further sets the stage for the CNY to quickly overcome most other currencies, possibly even the USD, within a few years. Currently the speculation is that this will make Hong Kong the hub for CNY trades and as a force in commodities as well as oil given the Hong Kong entrance in gold and silver with the Chinese Gold & Silver spot market exchange based in Hong Kong. Though no full speculation would be complete without the possibility that the PRC has it own plans to circumvent Hong Kong and establish a full commodity exchange, currency, and trading hub within the main PRC.

Other References
Wikipedia article on Renminbi

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