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Chinese Yuan (CNY) Exchange Rates on 26th July 2024 (26/07/2024)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2024-07-26
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.1073 CNY to GBP 9.3235 GBP to CNY
CNY CNY BGN BGN 0.2486 CNY to BGN 4.0226 BGN to CNY
CNY CNY HRK HRK 0.9531 CNY to HRK 1.0492 HRK to CNY
CNY CNY CZK CZK 3.2226 CNY to CZK 0.3103 CZK to CNY
CNY CNY DKK DKK 0.9484 CNY to DKK 1.0544 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 49.8565 CNY to HUF 0.0201 HUF to CNY
CNY CNY KZT KZT 65.5006 CNY to KZT 0.0153 KZT to CNY
CNY CNY LVL LVL 0.0835 CNY to LVL 11.9817 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 7.8326 CNY to MKD 0.1277 MKD to CNY
CNY CNY MDL MDL 2.4527 CNY to MDL 0.4077 MDL to CNY
CNY CNY NOK NOK 1.5208 CNY to NOK 0.6575 NOK to CNY
CNY CNY PLN PLN 0.5445 CNY to PLN 1.8366 PLN to CNY
CNY CNY RON RON 0.6314 CNY to RON 1.5839 RON to CNY
CNY CNY RUB RUB 11.7256 CNY to RUB 0.0853 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.4935 CNY to SEK 0.6696 SEK to CNY
CNY CNY CHF CHF 0.1215 CNY to CHF 8.2274 CHF to CNY
CNY CNY TRY TRY 4.5657 CNY to TRY 0.219 TRY to CNY
CNY CNY UAH UAH 5.6855 CNY to UAH 0.1759 UAH to CNY
Updated: 2024-07-26
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY ARS ARS 128.2501 CNY to ARS 0.0078 ARS to CNY
CNY CNY BOB BOB 0.9532 CNY to BOB 1.0491 BOB to CNY
CNY CNY BRL BRL 0.7789 CNY to BRL 1.2839 BRL to CNY
CNY CNY CAD CAD 0.1906 CNY to CAD 5.2452 CAD to CNY
CNY CNY KYD KYD 0.115 CNY to KYD 8.699 KYD to CNY
CNY CNY CLP CLP 130.6836 CNY to CLP 0.0077 CLP to CNY
CNY CNY COP COP 556.2538 CNY to COP 0.0018 COP to CNY
CNY CNY CRC CRC 72.9386 CNY to CRC 0.0137 CRC to CNY
CNY CNY DOP DOP 8.1709 CNY to DOP 0.1224 DOP to CNY
CNY CNY SVC SVC 1.207 CNY to SVC 0.8285 SVC to CNY
CNY CNY FJD FJD 0.3118 CNY to FJD 3.207 FJD to CNY
CNY CNY HNL HNL 3.4158 CNY to HNL 0.2928 HNL to CNY
CNY CNY JMD JMD 21.5929 CNY to JMD 0.0463 JMD to CNY
CNY CNY MXN MXN 2.5412 CNY to MXN 0.3935 MXN to CNY
CNY CNY ANG ANG 0.2486 CNY to ANG 4.0223 ANG to CNY
CNY CNY PYG PYG 1046.2097 CNY to PYG 0.001 PYG to CNY
CNY CNY PEN PEN 0.5162 CNY to PEN 1.9371 PEN to CNY
CNY CNY TTD TTD 0.9376 CNY to TTD 1.0665 TTD to CNY
CNY CNY USD USD 0.138 CNY to USD 7.2476 USD to CNY
CNY CNY UYU UYU 5.5437 CNY to UYU 0.1804 UYU to CNY
CNY CNY VEF VEF 499808.1603 CNY to VEF 0 VEF to CNY
Updated: 2024-07-26
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY AUD AUD 0.2106 CNY to AUD 4.7475 AUD to CNY
CNY CNY BDT BDT 16.2092 CNY to BDT 0.0617 BDT to CNY
CNY CNY BND BND 0.1851 CNY to BND 5.4013 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 11.5524 CNY to INR 0.0866 INR to CNY
CNY CNY IDR IDR 2248.5315 CNY to IDR 0.0004 IDR to CNY
CNY CNY JPY JPY 21.2214 CNY to JPY 0.0471 JPY to CNY
CNY CNY MYR MYR 0.6433 CNY to MYR 1.5544 MYR to CNY
CNY CNY MVR MVR 2.1179 CNY to MVR 0.4722 MVR to CNY
CNY CNY NPR NPR 18.4743 CNY to NPR 0.0541 NPR to CNY
CNY CNY NZD NZD 0.2344 CNY to NZD 4.2661 NZD to CNY
CNY CNY PKR PKR 38.4041 CNY to PKR 0.026 PKR to CNY
CNY CNY PGK PGK 0.5335 CNY to PGK 1.8743 PGK to CNY
CNY CNY PHP PHP 8.0625 CNY to PHP 0.124 PHP to CNY
CNY CNY SCR SCR 1.8317 CNY to SCR 0.5459 SCR to CNY
CNY CNY SGD SGD 0.1853 CNY to SGD 5.3965 SGD to CNY
CNY CNY KRW KRW 191.2535 CNY to KRW 0.0052 KRW to CNY
CNY CNY LKR LKR 41.8535 CNY to LKR 0.0239 LKR to CNY
CNY CNY TWD TWD 4.528 CNY to TWD 0.2208 TWD to CNY
CNY CNY THB THB 4.9863 CNY to THB 0.2006 THB to CNY
Updated: 2024-07-26
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY BHD BHD 0.052 CNY to BHD 19.2274 BHD to CNY
CNY CNY EGP EGP 6.6691 CNY to EGP 0.1499 EGP to CNY
CNY CNY HKD HKD 1.0772 CNY to HKD 0.9283 HKD to CNY
CNY CNY ILS ILS 0.5061 CNY to ILS 1.976 ILS to CNY
CNY CNY JOD JOD 0.0978 CNY to JOD 10.2265 JOD to CNY
CNY CNY KWD KWD 0.0422 CNY to KWD 23.6973 KWD to CNY
CNY CNY LBP LBP 12353.0598 CNY to LBP 0.0001 LBP to CNY
CNY CNY OMR OMR 0.0531 CNY to OMR 18.827 OMR to CNY
CNY CNY QAR QAR 0.5032 CNY to QAR 1.9874 QAR to CNY
CNY CNY SAR SAR 0.5175 CNY to SAR 1.9323 SAR to CNY
CNY CNY AED AED 0.5068 CNY to AED 1.9732 AED to CNY
CNY CNY YER YER 34.5423 CNY to YER 0.0289 YER to CNY
Updated: 2024-07-26
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CNY CNY DZD DZD 18.5476 CNY to DZD 0.0539 DZD to CNY
CNY CNY KES KES 17.9329 CNY to KES 0.0558 KES to CNY
CNY CNY MUR MUR 6.4628 CNY to MUR 0.1547 MUR to CNY
CNY CNY MAD MAD 1.3568 CNY to MAD 0.7371 MAD to CNY
CNY CNY NAD NAD 2.55 CNY to NAD 0.3922 NAD to CNY
CNY CNY NIO NIO 5.0773 CNY to NIO 0.197 NIO to CNY
CNY CNY NGN NGN 214.8366 CNY to NGN 0.0047 NGN to CNY
CNY CNY SLL SLL 2893.3144 CNY to SLL 0.0003 SLL to CNY
CNY CNY ZAR ZAR 2.5286 CNY to ZAR 0.3955 ZAR to CNY
CNY CNY TZS TZS 371.2235 CNY to TZS 0.0027 TZS to CNY
CNY CNY TND TND 0.4281 CNY to TND 2.3358 TND to CNY
CNY CNY UGX UGX 515.4769 CNY to UGX 0.0019 UGX to CNY
CNY CNY XOF XOF 83.3861 CNY to XOF 0.012 XOF to CNY
CNY CNY ZMK ZMK 1241.9593 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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