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Chinese Yuan (CNY) Exchange Rates on 13th September 2024 (13/09/2024)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2024-09-13
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.1071 CNY to GBP 9.3403 GBP to CNY
CNY CNY BGN BGN 0.2483 CNY to BGN 4.0268 BGN to CNY
CNY CNY HRK HRK 0.9565 CNY to HRK 1.0455 HRK to CNY
CNY CNY CZK CZK 3.1902 CNY to CZK 0.3135 CZK to CNY
CNY CNY DKK DKK 0.9474 CNY to DKK 1.0555 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 50.197 CNY to HUF 0.0199 HUF to CNY
CNY CNY KZT KZT 67.0795 CNY to KZT 0.0149 KZT to CNY
CNY CNY LVL LVL 0.0851 CNY to LVL 11.7456 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 7.8097 CNY to MKD 0.128 MKD to CNY
CNY CNY MDL MDL 2.4465 CNY to MDL 0.4088 MDL to CNY
CNY CNY NOK NOK 1.506 CNY to NOK 0.664 NOK to CNY
CNY CNY PLN PLN 0.544 CNY to PLN 1.8381 PLN to CNY
CNY CNY RON RON 0.6315 CNY to RON 1.5835 RON to CNY
CNY CNY RUB RUB 12.5598 CNY to RUB 0.0796 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.4449 CNY to SEK 0.6921 SEK to CNY
CNY CNY CHF CHF 0.1195 CNY to CHF 8.3655 CHF to CNY
CNY CNY TRY TRY 4.7818 CNY to TRY 0.2091 TRY to CNY
CNY CNY UAH UAH 5.7796 CNY to UAH 0.173 UAH to CNY
Updated: 2024-09-13
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CNY CNY ARS ARS 135.1209 CNY to ARS 0.0074 ARS to CNY
CNY CNY BOB BOB 0.9668 CNY to BOB 1.0344 BOB to CNY
CNY CNY BRL BRL 0.7921 CNY to BRL 1.2625 BRL to CNY
CNY CNY CAD CAD 0.191 CNY to CAD 5.2348 CAD to CNY
CNY CNY KYD KYD 0.1166 CNY to KYD 8.5767 KYD to CNY
CNY CNY CLP CLP 131.4925 CNY to CLP 0.0076 CLP to CNY
CNY CNY COP COP 592.6968 CNY to COP 0.0017 COP to CNY
CNY CNY CRC CRC 72.3825 CNY to CRC 0.0138 CRC to CNY
CNY CNY DOP DOP 8.3617 CNY to DOP 0.1196 DOP to CNY
CNY CNY SVC SVC 1.2321 CNY to SVC 0.8116 SVC to CNY
CNY CNY FJD FJD 0.3113 CNY to FJD 3.212 FJD to CNY
CNY CNY HNL HNL 3.4681 CNY to HNL 0.2883 HNL to CNY
CNY CNY JMD JMD 21.9831 CNY to JMD 0.0455 JMD to CNY
CNY CNY MXN MXN 2.7465 CNY to MXN 0.3641 MXN to CNY
CNY CNY ANG ANG 0.2522 CNY to ANG 3.9658 ANG to CNY
CNY CNY PYG PYG 1083.3386 CNY to PYG 0.0009 PYG to CNY
CNY CNY PEN PEN 0.5291 CNY to PEN 1.8901 PEN to CNY
CNY CNY TTD TTD 0.9549 CNY to TTD 1.0472 TTD to CNY
CNY CNY USD USD 0.1407 CNY to USD 7.1048 USD to CNY
CNY CNY UYU UYU 5.6603 CNY to UYU 0.1767 UYU to CNY
CNY CNY VEF VEF 509901.1508 CNY to VEF 0 VEF to CNY
Updated: 2024-09-13
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CNY CNY AUD AUD 0.2092 CNY to AUD 4.7795 AUD to CNY
CNY CNY BDT BDT 16.7207 CNY to BDT 0.0598 BDT to CNY
CNY CNY BND BND 0.1826 CNY to BND 5.4759 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 11.8127 CNY to INR 0.0847 INR to CNY
CNY CNY IDR IDR 2167.6827 CNY to IDR 0.0005 IDR to CNY
CNY CNY JPY JPY 19.8438 CNY to JPY 0.0504 JPY to CNY
CNY CNY MYR MYR 0.6077 CNY to MYR 1.6456 MYR to CNY
CNY CNY MVR MVR 2.1605 CNY to MVR 0.4628 MVR to CNY
CNY CNY NPR NPR 18.7956 CNY to NPR 0.0532 NPR to CNY
CNY CNY NZD NZD 0.2277 CNY to NZD 4.3919 NZD to CNY
CNY CNY PKR PKR 38.9525 CNY to PKR 0.0257 PKR to CNY
CNY CNY PGK PGK 0.5546 CNY to PGK 1.8031 PGK to CNY
CNY CNY PHP PHP 7.8887 CNY to PHP 0.1268 PHP to CNY
CNY CNY SCR SCR 1.9142 CNY to SCR 0.5224 SCR to CNY
CNY CNY SGD SGD 0.1828 CNY to SGD 5.4703 SGD to CNY
CNY CNY KRW KRW 187.102 CNY to KRW 0.0053 KRW to CNY
CNY CNY LKR LKR 42.2016 CNY to LKR 0.0237 LKR to CNY
CNY CNY TWD TWD 4.5061 CNY to TWD 0.2219 TWD to CNY
CNY CNY THB THB 4.6865 CNY to THB 0.2134 THB to CNY
Updated: 2024-09-13
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CNY CNY BHD BHD 0.053 CNY to BHD 18.8528 BHD to CNY
CNY CNY EGP EGP 6.8147 CNY to EGP 0.1467 EGP to CNY
CNY CNY HKD HKD 1.0976 CNY to HKD 0.9111 HKD to CNY
CNY CNY ILS ILS 0.5242 CNY to ILS 1.9078 ILS to CNY
CNY CNY JOD JOD 0.0997 CNY to JOD 10.0251 JOD to CNY
CNY CNY KWD KWD 0.043 CNY to KWD 23.2746 KWD to CNY
CNY CNY LBP LBP 12529.6282 CNY to LBP 0.0001 LBP to CNY
CNY CNY OMR OMR 0.0542 CNY to OMR 18.4566 OMR to CNY
CNY CNY QAR QAR 0.5101 CNY to QAR 1.9604 QAR to CNY
CNY CNY SAR SAR 0.5284 CNY to SAR 1.8925 SAR to CNY
CNY CNY AED AED 0.5172 CNY to AED 1.9335 AED to CNY
CNY CNY YER YER 35.2297 CNY to YER 0.0284 YER to CNY
Updated: 2024-09-13
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CNY CNY DZD DZD 18.6437 CNY to DZD 0.0536 DZD to CNY
CNY CNY KES KES 18.1568 CNY to KES 0.0551 KES to CNY
CNY CNY MUR MUR 6.4956 CNY to MUR 0.154 MUR to CNY
CNY CNY MAD MAD 1.3683 CNY to MAD 0.7308 MAD to CNY
CNY CNY NAD NAD 2.5203 CNY to NAD 0.3968 NAD to CNY
CNY CNY NIO NIO 5.1488 CNY to NIO 0.1942 NIO to CNY
CNY CNY NGN NGN 232.2545 CNY to NGN 0.0043 NGN to CNY
CNY CNY SLL SLL 2951.468 CNY to SLL 0.0003 SLL to CNY
CNY CNY ZAR ZAR 2.4959 CNY to ZAR 0.4007 ZAR to CNY
CNY CNY TZS TZS 381.2785 CNY to TZS 0.0026 TZS to CNY
CNY CNY TND TND 0.4289 CNY to TND 2.3314 TND to CNY
CNY CNY UGX UGX 523.8133 CNY to UGX 0.0019 UGX to CNY
CNY CNY XOF XOF 83.2735 CNY to XOF 0.012 XOF to CNY
CNY CNY ZMK ZMK 1266.9164 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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