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Chinese Yuan (CNY) Exchange Rates on 11th December 2023 (11/12/2023)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2023-12-11
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.111 CNY to GBP 9.0101 GBP to CNY
CNY CNY BGN BGN 0.2528 CNY to BGN 3.9559 BGN to CNY
CNY CNY HRK HRK 0.9797 CNY to HRK 1.0207 HRK to CNY
CNY CNY CZK CZK 3.157 CNY to CZK 0.3168 CZK to CNY
CNY CNY DKK DKK 0.964 CNY to DKK 1.0374 DKK to CNY
CNY CNY HUF HUF 49.1436 CNY to HUF 0.0203 HUF to CNY
CNY CNY KZT KZT 63.9292 CNY to KZT 0.0156 KZT to CNY
CNY CNY LVL LVL 0.0842 CNY to LVL 11.882 LVL to CNY
CNY CNY MKD MKD 7.9497 CNY to MKD 0.1258 MKD to CNY
CNY CNY MDL MDL 2.4781 CNY to MDL 0.4035 MDL to CNY
CNY CNY NOK NOK 1.5189 CNY to NOK 0.6584 NOK to CNY
CNY CNY PLN PLN 0.5605 CNY to PLN 1.784 PLN to CNY
CNY CNY RON RON 0.6424 CNY to RON 1.5566 RON to CNY
CNY CNY RUB RUB 12.7993 CNY to RUB 0.0781 RUB to CNY
CNY CNY SEK SEK 1.4585 CNY to SEK 0.6856 SEK to CNY
CNY CNY CHF CHF 0.1225 CNY to CHF 8.1664 CHF to CNY
CNY CNY TRY TRY 4.0318 CNY to TRY 0.248 TRY to CNY
CNY CNY UAH UAH 5.1181 CNY to UAH 0.1954 UAH to CNY
Updated: 2023-12-11
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY ARS ARS 50.7307 CNY to ARS 0.0197 ARS to CNY
CNY CNY BOB BOB 0.9628 CNY to BOB 1.0386 BOB to CNY
CNY CNY BRL BRL 0.684 CNY to BRL 1.4619 BRL to CNY
CNY CNY CAD CAD 0.1893 CNY to CAD 5.2837 CAD to CNY
CNY CNY KYD KYD 0.1161 CNY to KYD 8.612 KYD to CNY
CNY CNY CLP CLP 121.3475 CNY to CLP 0.0082 CLP to CNY
CNY CNY COP COP 555.1189 CNY to COP 0.0018 COP to CNY
CNY CNY CRC CRC 73.539 CNY to CRC 0.0136 CRC to CNY
CNY CNY DOP DOP 7.938 CNY to DOP 0.126 DOP to CNY
CNY CNY SVC SVC 1.2419 CNY to SVC 0.8052 SVC to CNY
CNY CNY FJD FJD 0.3113 CNY to FJD 3.2119 FJD to CNY
CNY CNY HNL HNL 3.4365 CNY to HNL 0.291 HNL to CNY
CNY CNY JMD JMD 21.6857 CNY to JMD 0.0461 JMD to CNY
CNY CNY MXN MXN 2.4169 CNY to MXN 0.4138 MXN to CNY
CNY CNY ANG ANG 0.2511 CNY to ANG 3.9823 ANG to CNY
CNY CNY PYG PYG 1024.3246 CNY to PYG 0.001 PYG to CNY
CNY CNY PEN PEN 0.5236 CNY to PEN 1.9099 PEN to CNY
CNY CNY TTD TTD 0.9464 CNY to TTD 1.0566 TTD to CNY
CNY CNY USD USD 0.1391 CNY to USD 7.1873 USD to CNY
CNY CNY UYU UYU 5.4453 CNY to UYU 0.1836 UYU to CNY
CNY CNY VEF VEF 494223.4932 CNY to VEF 0 VEF to CNY
Updated: 2023-12-11
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY AUD AUD 0.2123 CNY to AUD 4.7102 AUD to CNY
CNY CNY BDT BDT 15.327 CNY to BDT 0.0652 BDT to CNY
CNY CNY BND BND 0.1866 CNY to BND 5.3604 BND to CNY
CNY CNY INR INR 11.6019 CNY to INR 0.0862 INR to CNY
CNY CNY IDR IDR 2172.4565 CNY to IDR 0.0005 IDR to CNY
CNY CNY JPY JPY 20.256 CNY to JPY 0.0494 JPY to CNY
CNY CNY MYR MYR 0.6513 CNY to MYR 1.5354 MYR to CNY
CNY CNY MVR MVR 2.1358 CNY to MVR 0.4682 MVR to CNY
CNY CNY NPR NPR 18.5889 CNY to NPR 0.0538 NPR to CNY
CNY CNY NZD NZD 0.2277 CNY to NZD 4.3913 NZD to CNY
CNY CNY PKR PKR 39.5362 CNY to PKR 0.0253 PKR to CNY
CNY CNY PGK PGK 0.5195 CNY to PGK 1.9251 PGK to CNY
CNY CNY PHP PHP 7.736 CNY to PHP 0.1293 PHP to CNY
CNY CNY SCR SCR 1.7722 CNY to SCR 0.5643 SCR to CNY
CNY CNY SGD SGD 0.1869 CNY to SGD 5.3498 SGD to CNY
CNY CNY KRW KRW 183.5332 CNY to KRW 0.0054 KRW to CNY
CNY CNY LKR LKR 45.6059 CNY to LKR 0.0219 LKR to CNY
CNY CNY TWD TWD 4.384 CNY to TWD 0.2281 TWD to CNY
CNY CNY THB THB 4.9651 CNY to THB 0.2014 THB to CNY
Updated: 2023-12-11
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY BHD BHD 0.0525 CNY to BHD 19.0375 BHD to CNY
CNY CNY EGP EGP 4.3076 CNY to EGP 0.2322 EGP to CNY
CNY CNY HKD HKD 1.0865 CNY to HKD 0.9203 HKD to CNY
CNY CNY ILS ILS 0.5154 CNY to ILS 1.9402 ILS to CNY
CNY CNY JOD JOD 0.0987 CNY to JOD 10.1301 JOD to CNY
CNY CNY KWD KWD 0.0429 CNY to KWD 23.3081 KWD to CNY
CNY CNY LBP LBP 2094.2246 CNY to LBP 0.0005 LBP to CNY
CNY CNY OMR OMR 0.0536 CNY to OMR 18.6431 OMR to CNY
CNY CNY QAR QAR 0.5066 CNY to QAR 1.974 QAR to CNY
CNY CNY SAR SAR 0.5219 CNY to SAR 1.9163 SAR to CNY
CNY CNY AED AED 0.511 CNY to AED 1.9571 AED to CNY
CNY CNY YER YER 34.8288 CNY to YER 0.0287 YER to CNY
Updated: 2023-12-11
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY DZD DZD 18.7415 CNY to DZD 0.0534 DZD to CNY
CNY CNY KES KES 21.3294 CNY to KES 0.0469 KES to CNY
CNY CNY MUR MUR 6.14 CNY to MUR 0.1629 MUR to CNY
CNY CNY MAD MAD 1.4115 CNY to MAD 0.7085 MAD to CNY
CNY CNY NAD NAD 2.6408 CNY to NAD 0.3787 NAD to CNY
CNY CNY NIO NIO 5.099 CNY to NIO 0.1961 NIO to CNY
CNY CNY NGN NGN 110.0067 CNY to NGN 0.0091 NGN to CNY
CNY CNY SLL SLL 2747.9024 CNY to SLL 0.0004 SLL to CNY
CNY CNY ZAR ZAR 2.6455 CNY to ZAR 0.378 ZAR to CNY
CNY CNY TZS TZS 349.117 CNY to TZS 0.0029 TZS to CNY
CNY CNY TND TND 0.4356 CNY to TND 2.2959 TND to CNY
CNY CNY UGX UGX 525.2763 CNY to UGX 0.0019 UGX to CNY
CNY CNY XOF XOF 84.7626 CNY to XOF 0.0118 XOF to CNY
CNY CNY ZMK ZMK 1252.3774 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
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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