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Chinese Yuan (CNY) Exchange Rates on 03rd February 2023 (03/02/2023)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2023-02-03
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.1203 CNY to GBP 8.3155 GBP to CNY
CNY CNY BGN BGN 0.2675 CNY to BGN 3.7387 BGN to CNY
CNY CNY HRK HRK 1.0493 CNY to HRK 0.953 HRK to CNY
CNY CNY CZK CZK 3.2152 CNY to CZK 0.311 CZK to CNY
CNY CNY DKK DKK 1.0058 CNY to DKK 0.9943 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 52.6515 CNY to HUF 0.019 HUF to CNY
CNY CNY KZT KZT 67.8706 CNY to KZT 0.0147 KZT to CNY
CNY CNY LVL LVL 0.0901 CNY to LVL 11.0951 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 8.336 CNY to MKD 0.12 MKD to CNY
CNY CNY MDL MDL 2.7743 CNY to MDL 0.3604 MDL to CNY
CNY CNY NOK NOK 1.4721 CNY to NOK 0.6793 NOK to CNY
CNY CNY PLN PLN 0.636 CNY to PLN 1.5723 PLN to CNY
CNY CNY RON RON 0.6637 CNY to RON 1.5066 RON to CNY
CNY CNY RUB RUB 10.4473 CNY to RUB 0.0957 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.5343 CNY to SEK 0.6518 SEK to CNY
CNY CNY CHF CHF 0.1351 CNY to CHF 7.3993 CHF to CNY
CNY CNY TRY TRY 2.8041 CNY to TRY 0.3566 TRY to CNY
CNY CNY UAH UAH 5.4431 CNY to UAH 0.1837 UAH to CNY
Updated: 2023-02-03
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY ARS ARS 27.9024 CNY to ARS 0.0358 ARS to CNY
CNY CNY BOB BOB 1.0295 CNY to BOB 0.9713 BOB to CNY
CNY CNY BRL BRL 0.7533 CNY to BRL 1.3275 BRL to CNY
CNY CNY CAD CAD 0.1978 CNY to CAD 5.0547 CAD to CNY
CNY CNY KYD KYD 0.1228 CNY to KYD 8.1421 KYD to CNY
CNY CNY CLP CLP 117.1981 CNY to CLP 0.0085 CLP to CNY
CNY CNY COP COP 689.0173 CNY to COP 0.0015 COP to CNY
CNY CNY CRC CRC 81.2839 CNY to CRC 0.0123 CRC to CNY
CNY CNY DOP DOP 8.3577 CNY to DOP 0.1196 DOP to CNY
CNY CNY SVC SVC 1.2895 CNY to SVC 0.7755 SVC to CNY
CNY CNY FJD FJD 0.3228 CNY to FJD 3.0978 FJD to CNY
CNY CNY HNL HNL 3.634 CNY to HNL 0.2752 HNL to CNY
CNY CNY JMD JMD 22.5867 CNY to JMD 0.0443 JMD to CNY
CNY CNY MXN MXN 2.7675 CNY to MXN 0.3613 MXN to CNY
CNY CNY ANG ANG 0.2656 CNY to ANG 3.7649 ANG to CNY
CNY CNY PYG PYG 1082.5923 CNY to PYG 0.0009 PYG to CNY
CNY CNY PEN PEN 0.5666 CNY to PEN 1.7649 PEN to CNY
CNY CNY TTD TTD 1.0001 CNY to TTD 0.9999 TTD to CNY
CNY CNY USD USD 0.149 CNY to USD 6.7113 USD to CNY
CNY CNY UYU UYU 5.7127 CNY to UYU 0.175 UYU to CNY
CNY CNY VEF VEF 332962.6453 CNY to VEF 0 VEF to CNY
Updated: 2023-02-03
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CNY CNY AUD AUD 0.2085 CNY to AUD 4.7968 AUD to CNY
CNY CNY BDT BDT 15.6327 CNY to BDT 0.064 BDT to CNY
CNY CNY BND BND 0.1935 CNY to BND 5.1687 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 12.1853 CNY to INR 0.0821 INR to CNY
CNY CNY IDR IDR 2214.1105 CNY to IDR 0.0005 IDR to CNY
CNY CNY JPY JPY 19.1385 CNY to JPY 0.0523 JPY to CNY
CNY CNY MYR MYR 0.6317 CNY to MYR 1.583 MYR to CNY
CNY CNY MVR MVR 2.2887 CNY to MVR 0.4369 MVR to CNY
CNY CNY NPR NPR 19.3302 CNY to NPR 0.0517 NPR to CNY
CNY CNY NZD NZD 0.228 CNY to NZD 4.3858 NZD to CNY
CNY CNY PKR PKR 39.6077 CNY to PKR 0.0252 PKR to CNY
CNY CNY PGK PGK 0.5194 CNY to PGK 1.9253 PGK to CNY
CNY CNY PHP PHP 8.0286 CNY to PHP 0.1246 PHP to CNY
CNY CNY SCR SCR 1.9908 CNY to SCR 0.5023 SCR to CNY
CNY CNY SGD SGD 0.1943 CNY to SGD 5.1469 SGD to CNY
CNY CNY KRW KRW 181.5556 CNY to KRW 0.0055 KRW to CNY
CNY CNY LKR LKR 53.9363 CNY to LKR 0.0185 LKR to CNY
CNY CNY TWD TWD 4.4186 CNY to TWD 0.2263 TWD to CNY
CNY CNY THB THB 4.8761 CNY to THB 0.2051 THB to CNY
Updated: 2023-02-03
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY BHD BHD 0.0562 CNY to BHD 17.8029 BHD to CNY
CNY CNY EGP EGP 4.5008 CNY to EGP 0.2222 EGP to CNY
CNY CNY HKD HKD 1.1684 CNY to HKD 0.8559 HKD to CNY
CNY CNY ILS ILS 0.5143 CNY to ILS 1.9443 ILS to CNY
CNY CNY JOD JOD 0.1057 CNY to JOD 9.4605 JOD to CNY
CNY CNY KWD KWD 0.0454 CNY to KWD 22.0257 KWD to CNY
CNY CNY LBP LBP 2235.0431 CNY to LBP 0.0004 LBP to CNY
CNY CNY OMR OMR 0.0574 CNY to OMR 17.4325 OMR to CNY
CNY CNY QAR QAR 0.5426 CNY to QAR 1.8431 QAR to CNY
CNY CNY SAR SAR 0.5592 CNY to SAR 1.7884 SAR to CNY
CNY CNY AED AED 0.5473 CNY to AED 1.8271 AED to CNY
CNY CNY YER YER 37.3103 CNY to YER 0.0268 YER to CNY
Updated: 2023-02-03
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CNY CNY DZD DZD 20.1883 CNY to DZD 0.0495 DZD to CNY
CNY CNY KES KES 18.5656 CNY to KES 0.0539 KES to CNY
CNY CNY MUR MUR 6.6828 CNY to MUR 0.1496 MUR to CNY
CNY CNY MAD MAD 1.4994 CNY to MAD 0.6669 MAD to CNY
CNY CNY NAD NAD 2.5599 CNY to NAD 0.3906 NAD to CNY
CNY CNY NIO NIO 5.3852 CNY to NIO 0.1857 NIO to CNY
CNY CNY NGN NGN 68.6187 CNY to NGN 0.0146 NGN to CNY
CNY CNY SLL SLL 2901.8196 CNY to SLL 0.0003 SLL to CNY
CNY CNY ZAR ZAR 2.538 CNY to ZAR 0.394 ZAR to CNY
CNY CNY TZS TZS 348.2201 CNY to TZS 0.0029 TZS to CNY
CNY CNY TND TND 0.4513 CNY to TND 2.216 TND to CNY
CNY CNY UGX UGX 543.0511 CNY to UGX 0.0018 UGX to CNY
CNY CNY XOF XOF 88.7521 CNY to XOF 0.0113 XOF to CNY
CNY CNY ZMK ZMK 1341.2009 CNY to ZMK 0.0007 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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