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Chinese Yuan (CNY) Exchange Rates on 24th December 2024 (24/12/2024)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2024-12-24
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.1089 CNY to GBP 9.1811 GBP to CNY
CNY CNY BGN BGN 0.257 CNY to BGN 3.8917 BGN to CNY
CNY CNY HRK HRK 0.9828 CNY to HRK 1.0175 HRK to CNY
CNY CNY CZK CZK 3.2942 CNY to CZK 0.3036 CZK to CNY
CNY CNY DKK DKK 0.9786 CNY to DKK 1.0218 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 54.3256 CNY to HUF 0.0184 HUF to CNY
CNY CNY KZT KZT 71.6519 CNY to KZT 0.014 KZT to CNY
CNY CNY LVL LVL 0.0829 CNY to LVL 12.0657 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 8.079 CNY to MKD 0.1238 MKD to CNY
CNY CNY MDL MDL 2.513 CNY to MDL 0.3979 MDL to CNY
CNY CNY NOK NOK 1.5497 CNY to NOK 0.6453 NOK to CNY
CNY CNY PLN PLN 0.5589 CNY to PLN 1.7891 PLN to CNY
CNY CNY RON RON 0.6528 CNY to RON 1.5319 RON to CNY
CNY CNY RUB RUB 14.093 CNY to RUB 0.071 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.5088 CNY to SEK 0.6628 SEK to CNY
CNY CNY CHF CHF 0.1224 CNY to CHF 8.1714 CHF to CNY
CNY CNY TRY TRY 4.8221 CNY to TRY 0.2074 TRY to CNY
CNY CNY UAH UAH 5.7214 CNY to UAH 0.1748 UAH to CNY
Updated: 2024-12-24
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY ARS ARS 139.3552 CNY to ARS 0.0072 ARS to CNY
CNY CNY BOB BOB 0.9428 CNY to BOB 1.0607 BOB to CNY
CNY CNY BRL BRL 0.8331 CNY to BRL 1.2003 BRL to CNY
CNY CNY CAD CAD 0.1967 CNY to CAD 5.0833 CAD to CNY
CNY CNY KYD KYD 0.1137 CNY to KYD 8.7952 KYD to CNY
CNY CNY CLP CLP 135.5297 CNY to CLP 0.0074 CLP to CNY
CNY CNY COP COP 601.5016 CNY to COP 0.0017 COP to CNY
CNY CNY CRC CRC 68.8358 CNY to CRC 0.0145 CRC to CNY
CNY CNY DOP DOP 8.3081 CNY to DOP 0.1204 DOP to CNY
CNY CNY SVC SVC 1.1937 CNY to SVC 0.8377 SVC to CNY
CNY CNY FJD FJD 0.3175 CNY to FJD 3.1499 FJD to CNY
CNY CNY HNL HNL 3.4633 CNY to HNL 0.2887 HNL to CNY
CNY CNY JMD JMD 21.3465 CNY to JMD 0.0468 JMD to CNY
CNY CNY MXN MXN 2.7493 CNY to MXN 0.3637 MXN to CNY
CNY CNY ANG ANG 0.2459 CNY to ANG 4.067 ANG to CNY
CNY CNY PYG PYG 1063.7452 CNY to PYG 0.0009 PYG to CNY
CNY CNY PEN PEN 0.508 CNY to PEN 1.9683 PEN to CNY
CNY CNY TTD TTD 0.9259 CNY to TTD 1.08 TTD to CNY
CNY CNY USD USD 0.137 CNY to USD 7.2991 USD to CNY
CNY CNY UYU UYU 6.0847 CNY to UYU 0.1643 UYU to CNY
CNY CNY VEF VEF 498000.8574 CNY to VEF 0 VEF to CNY
Updated: 2024-12-24
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CNY CNY AUD AUD 0.2191 CNY to AUD 4.565 AUD to CNY
CNY CNY BDT BDT 16.3037 CNY to BDT 0.0613 BDT to CNY
CNY CNY BND BND 0.1853 CNY to BND 5.3969 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 11.6534 CNY to INR 0.0858 INR to CNY
CNY CNY IDR IDR 2219.2003 CNY to IDR 0.0005 IDR to CNY
CNY CNY JPY JPY 21.4489 CNY to JPY 0.0466 JPY to CNY
CNY CNY MYR MYR 0.6152 CNY to MYR 1.6256 MYR to CNY
CNY CNY MVR MVR 2.1102 CNY to MVR 0.4739 MVR to CNY
CNY CNY NPR NPR 18.5585 CNY to NPR 0.0539 NPR to CNY
CNY CNY NZD NZD 0.2423 CNY to NZD 4.1264 NZD to CNY
CNY CNY PKR PKR 37.9722 CNY to PKR 0.0263 PKR to CNY
CNY CNY PGK PGK 0.5533 CNY to PGK 1.8075 PGK to CNY
CNY CNY PHP PHP 8.0332 CNY to PHP 0.1245 PHP to CNY
CNY CNY SCR SCR 1.909 CNY to SCR 0.5238 SCR to CNY
CNY CNY SGD SGD 0.1856 CNY to SGD 5.3887 SGD to CNY
CNY CNY KRW KRW 198.7119 CNY to KRW 0.005 KRW to CNY
CNY CNY LKR LKR 40.0568 CNY to LKR 0.025 LKR to CNY
CNY CNY TWD TWD 4.4791 CNY to TWD 0.2233 TWD to CNY
CNY CNY THB THB 4.6965 CNY to THB 0.2129 THB to CNY
Updated: 2024-12-24
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CNY CNY BHD BHD 0.0515 CNY to BHD 19.4254 BHD to CNY
CNY CNY EGP EGP 6.9664 CNY to EGP 0.1435 EGP to CNY
CNY CNY HKD HKD 1.0646 CNY to HKD 0.9393 HKD to CNY
CNY CNY ILS ILS 0.499 CNY to ILS 2.004 ILS to CNY
CNY CNY JOD JOD 0.0972 CNY to JOD 10.2924 JOD to CNY
CNY CNY KWD KWD 0.0422 CNY to KWD 23.6999 KWD to CNY
CNY CNY LBP LBP 12217.5167 CNY to LBP 0.0001 LBP to CNY
CNY CNY OMR OMR 0.0527 CNY to OMR 18.9715 OMR to CNY
CNY CNY QAR QAR 0.4973 CNY to QAR 2.0108 QAR to CNY
CNY CNY SAR SAR 0.5147 CNY to SAR 1.943 SAR to CNY
CNY CNY AED AED 0.5033 CNY to AED 1.9871 AED to CNY
CNY CNY YER YER 34.302 CNY to YER 0.0292 YER to CNY
Updated: 2024-12-24
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CNY CNY DZD DZD 18.4659 CNY to DZD 0.0542 DZD to CNY
CNY CNY KES KES 17.6134 CNY to KES 0.0568 KES to CNY
CNY CNY MUR MUR 6.4673 CNY to MUR 0.1546 MUR to CNY
CNY CNY MAD MAD 1.3731 CNY to MAD 0.7283 MAD to CNY
CNY CNY NAD NAD 2.5118 CNY to NAD 0.3981 NAD to CNY
CNY CNY NIO NIO 5.0206 CNY to NIO 0.1992 NIO to CNY
CNY CNY NGN NGN 211.8895 CNY to NGN 0.0047 NGN to CNY
CNY CNY SLL SLL 2872.8845 CNY to SLL 0.0003 SLL to CNY
CNY CNY ZAR ZAR 2.5068 CNY to ZAR 0.3989 ZAR to CNY
CNY CNY TZS TZS 330.8627 CNY to TZS 0.003 TZS to CNY
CNY CNY TND TND 0.4347 CNY to TND 2.3004 TND to CNY
CNY CNY UGX UGX 500.4308 CNY to UGX 0.002 UGX to CNY
CNY CNY XOF XOF 86.1126 CNY to XOF 0.0116 XOF to CNY
CNY CNY ZMK ZMK 1233.191 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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