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Chinese Yuan (CNY) Exchange Rates on 01st April 2020 (01/04/2020)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2020-04-01
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY GBP 0.114 CNY to GBP 8.7706 GBP to CNY
CNY BGN 0.25 CNY to BGN 4.0004 BGN to CNY
CNY HRK 0.9775 CNY to HRK 1.023 HRK to CNY
CNY CZK 3.514 CNY to CZK 0.2846 CZK to CNY
CNY DKK 0.9569 CNY to DKK 1.045 DKK to CNY
CNY HUF 46.3867 CNY to HUF 0.0216 HUF to CNY
CNY KZT 62.7197 CNY to KZT 0.0159 KZT to CNY
CNY LVL 0.0852 CNY to LVL 11.7358 LVL to CNY
CNY MKD 7.9008 CNY to MKD 0.1266 MKD to CNY
CNY MDL 2.5584 CNY to MDL 0.3909 MDL to CNY
CNY NOK 1.4754 CNY to NOK 0.6778 NOK to CNY
CNY PLN 0.5862 CNY to PLN 1.7059 PLN to CNY
CNY RON 0.6198 CNY to RON 1.6133 RON to CNY
CNY RUB 11.1363 CNY to RUB 0.0898 RUB to CNY
CNY SEK 1.4088 CNY to SEK 0.7098 SEK to CNY
CNY CHF 0.1357 CNY to CHF 7.3696 CHF to CNY
CNY TRY 0.9339 CNY to TRY 1.0707 TRY to CNY
CNY UAH 3.8789 CNY to UAH 0.2578 UAH to CNY
Updated: 2020-04-01
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY ARS 9.0613 CNY to ARS 0.1104 ARS to CNY
CNY BOB 0.964 CNY to BOB 1.0374 BOB to CNY
CNY BRL 0.7332 CNY to BRL 1.3638 BRL to CNY
CNY CAD 0.1997 CNY to CAD 5.0064 CAD to CNY
CNY KYD 0.1165 CNY to KYD 8.5836 KYD to CNY
CNY CLP 120.9061 CNY to CLP 0.0083 CLP to CNY
CNY COP 571.779 CNY to COP 0.0017 COP to CNY
CNY CRC 81.2976 CNY to CRC 0.0123 CRC to CNY
CNY DOP 7.5313 CNY to DOP 0.1328 DOP to CNY
CNY SVC 1.2232 CNY to SVC 0.8175 SVC to CNY
CNY FJD 0.3222 CNY to FJD 3.1035 FJD to CNY
CNY HNL 3.4593 CNY to HNL 0.2891 HNL to CNY
CNY JMD 18.9197 CNY to JMD 0.0529 JMD to CNY
CNY MXN 3.3798 CNY to MXN 0.2959 MXN to CNY
CNY ANG 0.2503 CNY to ANG 3.996 ANG to CNY
CNY PYG 919.9954 CNY to PYG 0.0011 PYG to CNY
CNY PEN 0.4804 CNY to PEN 2.0817 PEN to CNY
CNY TTD 0.9446 CNY to TTD 1.0586 TTD to CNY
CNY USD 0.1409 CNY to USD 7.0989 USD to CNY
CNY UYU 6.1332 CNY to UYU 0.163 UYU to CNY
CNY VEF 1.4069 CNY to VEF 0.7108 VEF to CNY
Updated: 2020-04-01
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY AUD 0.2318 CNY to AUD 4.3134 AUD to CNY
CNY BDT 11.8758 CNY to BDT 0.0842 BDT to CNY
CNY BND 0.1993 CNY to BND 5.0172 BND to CNY
CNY INR 10.6967 CNY to INR 0.0935 INR to CNY
CNY IDR 2345.9969 CNY to IDR 0.0004 IDR to CNY
CNY JPY 15.1502 CNY to JPY 0.066 JPY to CNY
CNY MYR 0.6131 CNY to MYR 1.631 MYR to CNY
CNY MVR 2.1695 CNY to MVR 0.4609 MVR to CNY
CNY NPR 16.865 CNY to NPR 0.0593 NPR to CNY
CNY NZD 0.2382 CNY to NZD 4.1987 NZD to CNY
CNY PKR 23.2147 CNY to PKR 0.0431 PKR to CNY
CNY PGK 0.4851 CNY to PGK 2.0614 PGK to CNY
CNY PHP 7.166 CNY to PHP 0.1395 PHP to CNY
CNY SCR 1.9383 CNY to SCR 0.5159 SCR to CNY
CNY SGD 0.2017 CNY to SGD 4.9574 SGD to CNY
CNY KRW 173.3243 CNY to KRW 0.0058 KRW to CNY
CNY LKR 26.4579 CNY to LKR 0.0378 LKR to CNY
CNY TWD 4.2681 CNY to TWD 0.2343 TWD to CNY
CNY THB 4.6486 CNY to THB 0.2151 THB to CNY
Updated: 2020-04-01
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CNY BHD 0.0531 CNY to BHD 18.8276 BHD to CNY
CNY EGP 2.2186 CNY to EGP 0.4507 EGP to CNY
CNY HKD 1.0919 CNY to HKD 0.9158 HKD to CNY
CNY ILS 0.5011 CNY to ILS 1.9956 ILS to CNY
CNY JOD 0.0999 CNY to JOD 10.0127 JOD to CNY
CNY KWD 0.0441 CNY to KWD 22.6833 KWD to CNY
CNY LBP 211.3851 CNY to LBP 0.0047 LBP to CNY
CNY OMR 0.0542 CNY to OMR 18.4626 OMR to CNY
CNY QAR 0.5128 CNY to QAR 1.95 QAR to CNY
CNY SAR 0.5304 CNY to SAR 1.8855 SAR to CNY
CNY AED 0.5174 CNY to AED 1.9327 AED to CNY
CNY YER 35.2661 CNY to YER 0.0284 YER to CNY
Updated: 2020-04-01
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY DZD 17.5833 CNY to DZD 0.0569 DZD to CNY
CNY KES 14.8123 CNY to KES 0.0675 KES to CNY
CNY MUR 5.5224 CNY to MUR 0.1811 MUR to CNY
CNY MAD 1.418 CNY to MAD 0.7052 MAD to CNY
CNY NAD 2.5071 CNY to NAD 0.3989 NAD to CNY
CNY NIO 4.7165 CNY to NIO 0.212 NIO to CNY
CNY NGN 51.6982 CNY to NGN 0.0193 NGN to CNY
CNY SLL 1369.9302 CNY to SLL 0.0007 SLL to CNY
CNY ZAR 2.5447 CNY to ZAR 0.393 ZAR to CNY
CNY TZS 325.5021 CNY to TZS 0.0031 TZS to CNY
CNY TND 0.4033 CNY to TND 2.4795 TND to CNY
CNY UGX 529.8657 CNY to UGX 0.0019 UGX to CNY
CNY XOF 83.7581 CNY to XOF 0.0119 XOF to CNY
CNY ZMK 1267.9739 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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