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Convert 7970 Chinese Yuan (CNY) to Canadian Dollar (CAD)

Exchange rates used for currency conversion updated on November 01st 2024 ( 11/01/2024 )

Below you will find the latest exchange rates for exchanging Chinese Yuan (CNY) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution. The Chinese Yuan (CNY) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.

If you need to SWAP these currencies go to Canadian Dollar (CAD) to Chinese Yuan (CNY) page.

7970 CNY = 1558.135 CAD

The currency exchange rate, calculated between Chinese Yuan and Canadian Dollar on 11/01/2024 is 1 CNY = 0.1955 CAD - AVERAGE intraday quotes were used for this currency conversion.

Convert 7970 CNY / 7970 CAD to major currencies

CNY to CAD Exchange Rate History Chart

Last 7 days History

Date CNY CAD
2024-10-31 7970 CNY = 40762.24133 CAD
2024-10-30 7970 CNY = 40803.39861 CAD
2024-10-29 7970 CNY = 40982.32086 CAD
2024-10-28 7970 CNY = 40889.83952 CAD
2024-10-27 7970 CNY = 40853.09843 CAD
2024-10-26 7970 CNY = 40853.09843 CAD
2024-10-25 7970 CNY = 41002.28638 CAD
One year History

About Chinese Yuan (CNY)

CNY represents the Peoples Republic of China (PRC), Chinese peoples currency known as the renminbi and denominated in yuan. It is controlled by the Monetary Policy Authority within the PRC and has until recently not been allowed to be circulated outside of mainland China. Recent developments and gradual changed in PRC policies toward more open markets and less central planning are slowly distributing the yuan for use worldwide. This is a clear plan setting the stage for the PRC target of the CNY overtaking all currencies worldwide in the future.

About Canadian Dollar (CAD)

The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.

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