Chinese Yuan (CNY) Exchange Rates on 10th December 2019 (10/12/2019)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2019-12-10
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CNY GBP 0.1079 CNY to GBP 9.2695 GBP to CNY
CNY BGN 0.2513 CNY to BGN 3.98 BGN to CNY
CNY HRK 0.9559 CNY to HRK 1.0462 HRK to CNY
CNY CZK 3.2812 CNY to CZK 0.3048 CZK to CNY
CNY DKK 0.9599 CNY to DKK 1.0418 DKK to CNY
CNY HUF 42.5173 CNY to HUF 0.0235 HUF to CNY
CNY KZT 55.0121 CNY to KZT 0.0182 KZT to CNY
CNY LVL 0.086 CNY to LVL 11.6342 LVL to CNY
CNY LTL 0.4196 CNY to LTL 2.3833 LTL to CNY
CNY MKD 7.9173 CNY to MKD 0.1263 MKD to CNY
CNY MDL 2.4794 CNY to MDL 0.4033 MDL to CNY
CNY NOK 1.2969 CNY to NOK 0.771 NOK to CNY
CNY PLN 0.5492 CNY to PLN 1.8209 PLN to CNY
CNY RON 0.614 CNY to RON 1.6286 RON to CNY
CNY RUB 9.0483 CNY to RUB 0.1105 RUB to CNY
CNY SEK 1.3499 CNY to SEK 0.7408 SEK to CNY
CNY CHF 0.1408 CNY to CHF 7.1038 CHF to CNY
CNY TRY 0.8216 CNY to TRY 1.2171 TRY to CNY
CNY UAH 3.3807 CNY to UAH 0.2958 UAH to CNY
Updated: 2019-12-10
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CNY ARS 8.545 CNY to ARS 0.117 ARS to CNY
CNY BOB 0.9857 CNY to BOB 1.0145 BOB to CNY
CNY BRL 0.5885 CNY to BRL 1.6993 BRL to CNY
CNY CAD 0.1884 CNY to CAD 5.3084 CAD to CNY
CNY KYD 0.1188 CNY to KYD 8.4178 KYD to CNY
CNY CLP 111.121 CNY to CLP 0.009 CLP to CNY
CNY COP 486.6153 CNY to COP 0.0021 COP to CNY
CNY CRC 80.6818 CNY to CRC 0.0124 CRC to CNY
CNY DOP 7.5365 CNY to DOP 0.1327 DOP to CNY
CNY SVC 1.2473 CNY to SVC 0.8017 SVC to CNY
CNY FJD 0.309 CNY to FJD 3.2364 FJD to CNY
CNY HNL 3.5098 CNY to HNL 0.2849 HNL to CNY
CNY JMD 19.9732 CNY to JMD 0.0501 JMD to CNY
CNY MXN 2.7351 CNY to MXN 0.3656 MXN to CNY
CNY ANG 0.2445 CNY to ANG 4.0906 ANG to CNY
CNY PYG 918.2241 CNY to PYG 0.0011 PYG to CNY
CNY PEN 0.4817 CNY to PEN 2.0762 PEN to CNY
CNY TTD 0.9631 CNY to TTD 1.0383 TTD to CNY
CNY USD 0.1421 CNY to USD 7.0374 USD to CNY
CNY UYU 5.3929 CNY to UYU 0.1854 UYU to CNY
CNY VEF 1.4192 CNY to VEF 0.7046 VEF to CNY
Updated: 2019-12-10
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CNY AUD 0.2079 CNY to AUD 4.8101 AUD to CNY
CNY BDT 12.0879 CNY to BDT 0.0827 BDT to CNY
CNY BND 0.1938 CNY to BND 5.159 BND to CNY
CNY INR 10.111 CNY to INR 0.0989 INR to CNY
CNY IDR 1991.4181 CNY to IDR 0.0005 IDR to CNY
CNY JPY 15.4305 CNY to JPY 0.0648 JPY to CNY
CNY MYR 0.5913 CNY to MYR 1.6913 MYR to CNY
CNY MVR 2.1954 CNY to MVR 0.4555 MVR to CNY
CNY NPR 16.2443 CNY to NPR 0.0616 NPR to CNY
CNY NZD 0.2166 CNY to NZD 4.6167 NZD to CNY
CNY PKR 22.0911 CNY to PKR 0.0453 PKR to CNY
CNY PGK 0.4853 CNY to PGK 2.0608 PGK to CNY
CNY PHP 7.2207 CNY to PHP 0.1385 PHP to CNY
CNY SCR 1.9472 CNY to SCR 0.5135 SCR to CNY
CNY SGD 0.1932 CNY to SGD 5.1753 SGD to CNY
CNY KRW 169.0672 CNY to KRW 0.0059 KRW to CNY
CNY LKR 25.8293 CNY to LKR 0.0387 LKR to CNY
CNY TWD 4.329 CNY to TWD 0.231 TWD to CNY
CNY THB 4.3127 CNY to THB 0.2319 THB to CNY
Updated: 2019-12-10
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CNY BHD 0.0536 CNY to BHD 18.6581 BHD to CNY
CNY EGP 2.2933 CNY to EGP 0.4361 EGP to CNY
CNY HKD 1.1122 CNY to HKD 0.8991 HKD to CNY
CNY ILS 0.4932 CNY to ILS 2.0277 ILS to CNY
CNY JOD 0.1007 CNY to JOD 9.9257 JOD to CNY
CNY KWD 0.0431 CNY to KWD 23.1806 KWD to CNY
CNY LBP 215.5279 CNY to LBP 0.0046 LBP to CNY
CNY OMR 0.0547 CNY to OMR 18.2747 OMR to CNY
CNY QAR 0.5173 CNY to QAR 1.933 QAR to CNY
CNY SAR 0.5329 CNY to SAR 1.8766 SAR to CNY
CNY AED 0.5219 CNY to AED 1.9159 AED to CNY
CNY YER 35.5743 CNY to YER 0.0281 YER to CNY
Updated: 2019-12-10
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CNY DZD 17.0229 CNY to DZD 0.0587 DZD to CNY
CNY KES 14.4543 CNY to KES 0.0692 KES to CNY
CNY MUR 5.1874 CNY to MUR 0.1928 MUR to CNY
CNY MAD 1.373 CNY to MAD 0.7283 MAD to CNY
CNY NAD 2.0817 CNY to NAD 0.4804 NAD to CNY
CNY NIO 4.8087 CNY to NIO 0.208 NIO to CNY
CNY NGN 51.5059 CNY to NGN 0.0194 NGN to CNY
CNY SLL 1385.4553 CNY to SLL 0.0007 SLL to CNY
CNY ZAR 2.0765 CNY to ZAR 0.4816 ZAR to CNY
CNY TZS 326.4855 CNY to TZS 0.0031 TZS to CNY
CNY TND 0.4056 CNY to TND 2.4654 TND to CNY
CNY UGX 525.2816 CNY to UGX 0.0019 UGX to CNY
CNY XOF 84.2884 CNY to XOF 0.0119 XOF to CNY
CNY ZMK 1279.0536 CNY to ZMK 0.0008 ZMK to CNY

Chinese Yuan (CNY)

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

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
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 Live Currency Converter for CNY

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