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Chinese Yuan (CNY) Exchange Rates on 01st October 2022 (01/10/2022)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2022-10-01
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.126 CNY to GBP 7.9344 GBP to CNY
CNY CNY BGN BGN 0.2805 CNY to BGN 3.5648 BGN to CNY
CNY CNY HRK HRK 1.0784 CNY to HRK 0.9273 HRK to CNY
CNY CNY CZK CZK 3.5248 CNY to CZK 0.2837 CZK to CNY
CNY CNY DKK DKK 1.0663 CNY to DKK 0.9378 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 60.648 CNY to HUF 0.0165 HUF to CNY
CNY CNY KZT KZT 66.9461 CNY to KZT 0.0149 KZT to CNY
CNY CNY LVL LVL 0.085 CNY to LVL 11.7642 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 8.8724 CNY to MKD 0.1127 MKD to CNY
CNY CNY MDL MDL 2.7416 CNY to MDL 0.3647 MDL to CNY
CNY CNY NOK NOK 1.5298 CNY to NOK 0.6537 NOK to CNY
CNY CNY PLN PLN 0.6959 CNY to PLN 1.4371 PLN to CNY
CNY CNY RON RON 0.7101 CNY to RON 1.4082 RON to CNY
CNY CNY RUB RUB 8.4603 CNY to RUB 0.1182 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.5575 CNY to SEK 0.6421 SEK to CNY
CNY CNY CHF CHF 0.1389 CNY to CHF 7.1974 CHF to CNY
CNY CNY TRY TRY 2.6 CNY to TRY 0.3846 TRY to CNY
CNY CNY UAH UAH 5.1925 CNY to UAH 0.1926 UAH to CNY
Updated: 2022-10-01
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CNY CNY ARS ARS 20.6999 CNY to ARS 0.0483 ARS to CNY
CNY CNY BOB BOB 0.9715 CNY to BOB 1.0294 BOB to CNY
CNY CNY BRL BRL 0.7606 CNY to BRL 1.3147 BRL to CNY
CNY CNY CAD CAD 0.1944 CNY to CAD 5.1444 CAD to CNY
CNY CNY KYD KYD 0.1172 CNY to KYD 8.5345 KYD to CNY
CNY CNY CLP CLP 136.0319 CNY to CLP 0.0074 CLP to CNY
CNY CNY COP COP 647.8332 CNY to COP 0.0015 COP to CNY
CNY CNY CRC CRC 88.2151 CNY to CRC 0.0113 CRC to CNY
CNY CNY DOP DOP 7.5328 CNY to DOP 0.1328 DOP to CNY
CNY CNY SVC SVC 1.2303 CNY to SVC 0.8128 SVC to CNY
CNY CNY FJD FJD 0.3246 CNY to FJD 3.0805 FJD to CNY
CNY CNY HNL HNL 3.4795 CNY to HNL 0.2874 HNL to CNY
CNY CNY JMD JMD 21.3808 CNY to JMD 0.0468 JMD to CNY
CNY CNY MXN MXN 2.8311 CNY to MXN 0.3532 MXN to CNY
CNY CNY ANG ANG 0.2534 CNY to ANG 3.9463 ANG to CNY
CNY CNY PYG PYG 993.898 CNY to PYG 0.001 PYG to CNY
CNY CNY PEN PEN 0.5595 CNY to PEN 1.7873 PEN to CNY
CNY CNY TTD TTD 0.9552 CNY to TTD 1.0469 TTD to CNY
CNY CNY USD USD 0.1405 CNY to USD 7.116 USD to CNY
CNY CNY UYU UYU 5.8134 CNY to UYU 0.172 UYU to CNY
CNY CNY VEF VEF 30701887690.646 CNY to VEF 0 VEF to CNY
Updated: 2022-10-01
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CNY CNY AUD AUD 0.2194 CNY to AUD 4.5571 AUD to CNY
CNY CNY BDT BDT 14.2424 CNY to BDT 0.0702 BDT to CNY
CNY CNY BND BND 0.2018 CNY to BND 4.9551 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 11.4724 CNY to INR 0.0872 INR to CNY
CNY CNY IDR IDR 2150.5871 CNY to IDR 0.0005 IDR to CNY
CNY CNY JPY JPY 20.3398 CNY to JPY 0.0492 JPY to CNY
CNY CNY MYR MYR 0.6516 CNY to MYR 1.5346 MYR to CNY
CNY CNY MVR MVR 2.1712 CNY to MVR 0.4606 MVR to CNY
CNY CNY NPR NPR 18.3204 CNY to NPR 0.0546 NPR to CNY
CNY CNY NZD NZD 0.2515 CNY to NZD 3.9768 NZD to CNY
CNY CNY PKR PKR 32.055 CNY to PKR 0.0312 PKR to CNY
CNY CNY PGK PGK 0.4947 CNY to PGK 2.0214 PGK to CNY
CNY CNY PHP PHP 8.2632 CNY to PHP 0.121 PHP to CNY
CNY CNY SCR SCR 1.8347 CNY to SCR 0.5451 SCR to CNY
CNY CNY SGD SGD 0.2012 CNY to SGD 4.9694 SGD to CNY
CNY CNY KRW KRW 202.3916 CNY to KRW 0.0049 KRW to CNY
CNY CNY LKR LKR 51.3855 CNY to LKR 0.0195 LKR to CNY
CNY CNY TWD TWD 4.4713 CNY to TWD 0.2237 TWD to CNY
CNY CNY THB THB 5.3124 CNY to THB 0.1882 THB to CNY
Updated: 2022-10-01
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CNY CNY BHD BHD 0.053 CNY to BHD 18.8617 BHD to CNY
CNY CNY EGP EGP 2.7456 CNY to EGP 0.3642 EGP to CNY
CNY CNY HKD HKD 1.1031 CNY to HKD 0.9065 HKD to CNY
CNY CNY ILS ILS 0.5001 CNY to ILS 1.9997 ILS to CNY
CNY CNY JOD JOD 0.0996 CNY to JOD 10.0362 JOD to CNY
CNY CNY KWD KWD 0.0436 CNY to KWD 22.9579 KWD to CNY
CNY CNY LBP LBP 213.1723 CNY to LBP 0.0047 LBP to CNY
CNY CNY OMR OMR 0.0541 CNY to OMR 18.4849 OMR to CNY
CNY CNY QAR QAR 0.5117 CNY to QAR 1.9544 QAR to CNY
CNY CNY SAR SAR 0.5279 CNY to SAR 1.8942 SAR to CNY
CNY CNY AED AED 0.5162 CNY to AED 1.9374 AED to CNY
CNY CNY YER YER 35.1671 CNY to YER 0.0284 YER to CNY
Updated: 2022-10-01
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CNY CNY DZD DZD 19.7896 CNY to DZD 0.0505 DZD to CNY
CNY CNY KES KES 16.9828 CNY to KES 0.0589 KES to CNY
CNY CNY MUR MUR 6.4286 CNY to MUR 0.1556 MUR to CNY
CNY CNY MAD MAD 1.5392 CNY to MAD 0.6497 MAD to CNY
CNY CNY NAD NAD 2.5408 CNY to NAD 0.3936 NAD to CNY
CNY CNY NIO NIO 5.059 CNY to NIO 0.1977 NIO to CNY
CNY CNY NGN NGN 60.76 CNY to NGN 0.0165 NGN to CNY
CNY CNY SLL SLL 2177.4804 CNY to SLL 0.0005 SLL to CNY
CNY CNY ZAR ZAR 2.5423 CNY to ZAR 0.3933 ZAR to CNY
CNY CNY TZS TZS 327.4289 CNY to TZS 0.0031 TZS to CNY
CNY CNY TND TND 0.4594 CNY to TND 2.1768 TND to CNY
CNY CNY UGX UGX 541.4426 CNY to UGX 0.0018 UGX to CNY
CNY CNY XOF XOF 81.7871 CNY to XOF 0.0122 XOF to CNY
CNY CNY ZMK ZMK 1264.9181 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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