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Chinese Yuan (CNY) Exchange Rates on 21st November 2024 (21/11/2024)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2024-11-21
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.1091 CNY to GBP 9.1653 GBP to CNY
CNY CNY BGN BGN 0.256 CNY to BGN 3.907 BGN to CNY
CNY CNY HRK HRK 0.9849 CNY to HRK 1.0153 HRK to CNY
CNY CNY CZK CZK 3.3097 CNY to CZK 0.3021 CZK to CNY
CNY CNY DKK DKK 0.9761 CNY to DKK 1.0245 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 53.6272 CNY to HUF 0.0186 HUF to CNY
CNY CNY KZT KZT 68.6477 CNY to KZT 0.0146 KZT to CNY
CNY CNY LVL LVL 0.0835 CNY to LVL 11.9731 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 8.0503 CNY to MKD 0.1242 MKD to CNY
CNY CNY MDL MDL 2.515 CNY to MDL 0.3976 MDL to CNY
CNY CNY NOK NOK 1.5256 CNY to NOK 0.6555 NOK to CNY
CNY CNY PLN PLN 0.5674 CNY to PLN 1.7624 PLN to CNY
CNY CNY RON RON 0.6513 CNY to RON 1.5354 RON to CNY
CNY CNY RUB RUB 13.8778 CNY to RUB 0.0721 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.5205 CNY to SEK 0.6577 SEK to CNY
CNY CNY CHF CHF 0.1219 CNY to CHF 8.2036 CHF to CNY
CNY CNY TRY TRY 4.7624 CNY to TRY 0.21 TRY to CNY
CNY CNY UAH UAH 5.6983 CNY to UAH 0.1755 UAH to CNY
Updated: 2024-11-21
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CNY CNY ARS ARS 138.4548 CNY to ARS 0.0072 ARS to CNY
CNY CNY BOB BOB 0.957 CNY to BOB 1.045 BOB to CNY
CNY CNY BRL BRL 0.7976 CNY to BRL 1.2538 BRL to CNY
CNY CNY CAD CAD 0.1928 CNY to CAD 5.186 CAD to CNY
CNY CNY KYD KYD 0.1152 CNY to KYD 8.6831 KYD to CNY
CNY CNY CLP CLP 134.4607 CNY to CLP 0.0074 CLP to CNY
CNY CNY COP COP 607.0626 CNY to COP 0.0016 COP to CNY
CNY CNY CRC CRC 70.1772 CNY to CRC 0.0142 CRC to CNY
CNY CNY DOP DOP 8.3348 CNY to DOP 0.12 DOP to CNY
CNY CNY SVC SVC 1.2091 CNY to SVC 0.827 SVC to CNY
CNY CNY FJD FJD 0.3133 CNY to FJD 3.1916 FJD to CNY
CNY CNY HNL HNL 3.4921 CNY to HNL 0.2864 HNL to CNY
CNY CNY JMD JMD 21.9043 CNY to JMD 0.0457 JMD to CNY
CNY CNY MXN MXN 2.8025 CNY to MXN 0.3568 MXN to CNY
CNY CNY ANG ANG 0.2491 CNY to ANG 4.0152 ANG to CNY
CNY CNY PYG PYG 1082.2553 CNY to PYG 0.0009 PYG to CNY
CNY CNY PEN PEN 0.5244 CNY to PEN 1.9068 PEN to CNY
CNY CNY TTD TTD 0.9356 CNY to TTD 1.0688 TTD to CNY
CNY CNY USD USD 0.1381 CNY to USD 7.2424 USD to CNY
CNY CNY UYU UYU 5.9075 CNY to UYU 0.1693 UYU to CNY
CNY CNY VEF VEF 501604.7442 CNY to VEF 0 VEF to CNY
Updated: 2024-11-21
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CNY CNY AUD AUD 0.2119 CNY to AUD 4.7185 AUD to CNY
CNY CNY BDT BDT 16.5141 CNY to BDT 0.0606 BDT to CNY
CNY CNY BND BND 0.1856 CNY to BND 5.3882 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 11.6581 CNY to INR 0.0858 INR to CNY
CNY CNY IDR IDR 2200.7436 CNY to IDR 0.0005 IDR to CNY
CNY CNY JPY JPY 21.4129 CNY to JPY 0.0467 JPY to CNY
CNY CNY MYR MYR 0.6166 CNY to MYR 1.6219 MYR to CNY
CNY CNY MVR MVR 2.1347 CNY to MVR 0.4685 MVR to CNY
CNY CNY NPR NPR 18.6529 CNY to NPR 0.0536 NPR to CNY
CNY CNY NZD NZD 0.2349 CNY to NZD 4.2574 NZD to CNY
CNY CNY PKR PKR 38.4164 CNY to PKR 0.026 PKR to CNY
CNY CNY PGK PGK 0.5563 CNY to PGK 1.7976 PGK to CNY
CNY CNY PHP PHP 8.1394 CNY to PHP 0.1229 PHP to CNY
CNY CNY SCR SCR 1.8808 CNY to SCR 0.5317 SCR to CNY
CNY CNY SGD SGD 0.1854 CNY to SGD 5.3947 SGD to CNY
CNY CNY KRW KRW 193.0034 CNY to KRW 0.0052 KRW to CNY
CNY CNY LKR LKR 40.2059 CNY to LKR 0.0249 LKR to CNY
CNY CNY TWD TWD 4.4992 CNY to TWD 0.2223 TWD to CNY
CNY CNY THB THB 4.7887 CNY to THB 0.2088 THB to CNY
Updated: 2024-11-21
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CNY CNY BHD BHD 0.052 CNY to BHD 19.2145 BHD to CNY
CNY CNY EGP EGP 6.8664 CNY to EGP 0.1456 EGP to CNY
CNY CNY HKD HKD 1.0746 CNY to HKD 0.9306 HKD to CNY
CNY CNY ILS ILS 0.516 CNY to ILS 1.9379 ILS to CNY
CNY CNY JOD JOD 0.0979 CNY to JOD 10.2135 JOD to CNY
CNY CNY KWD KWD 0.0425 CNY to KWD 23.551 KWD to CNY
CNY CNY LBP LBP 12376.2195 CNY to LBP 0.0001 LBP to CNY
CNY CNY OMR OMR 0.0532 CNY to OMR 18.811 OMR to CNY
CNY CNY QAR QAR 0.5039 CNY to QAR 1.9844 QAR to CNY
CNY CNY SAR SAR 0.5184 CNY to SAR 1.9289 SAR to CNY
CNY CNY AED AED 0.5072 CNY to AED 1.9718 AED to CNY
CNY CNY YER YER 34.5084 CNY to YER 0.029 YER to CNY
Updated: 2024-11-21
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CNY CNY DZD DZD 18.4566 CNY to DZD 0.0542 DZD to CNY
CNY CNY KES KES 17.8955 CNY to KES 0.0559 KES to CNY
CNY CNY MUR MUR 6.4191 CNY to MUR 0.1558 MUR to CNY
CNY CNY MAD MAD 1.3805 CNY to MAD 0.7244 MAD to CNY
CNY CNY NAD NAD 2.5065 CNY to NAD 0.399 NAD to CNY
CNY CNY NIO NIO 5.0853 CNY to NIO 0.1966 NIO to CNY
CNY CNY NGN NGN 232.0491 CNY to NGN 0.0043 NGN to CNY
CNY CNY SLL SLL 2895.3694 CNY to SLL 0.0003 SLL to CNY
CNY CNY ZAR ZAR 2.5012 CNY to ZAR 0.3998 ZAR to CNY
CNY CNY TZS TZS 366.2265 CNY to TZS 0.0027 TZS to CNY
CNY CNY TND TND 0.4362 CNY to TND 2.2926 TND to CNY
CNY CNY UGX UGX 509.9707 CNY to UGX 0.002 UGX to CNY
CNY CNY XOF XOF 85.8833 CNY to XOF 0.0116 XOF to CNY
CNY CNY ZMK ZMK 1242.8453 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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