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Chinese Yuan (CNY) Exchange Rates on 19th March 2024 (19/03/2024)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2024-03-19
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.1092 CNY to GBP 9.1582 GBP to CNY
CNY CNY BGN BGN 0.2498 CNY to BGN 4.0027 BGN to CNY
CNY CNY HRK HRK 0.9561 CNY to HRK 1.0459 HRK to CNY
CNY CNY CZK CZK 3.2243 CNY to CZK 0.3101 CZK to CNY
CNY CNY DKK DKK 0.9526 CNY to DKK 1.0497 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 50.4587 CNY to HUF 0.0198 HUF to CNY
CNY CNY KZT KZT 62.7205 CNY to KZT 0.0159 KZT to CNY
CNY CNY LVL LVL 0.084 CNY to LVL 11.9007 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 7.8613 CNY to MKD 0.1272 MKD to CNY
CNY CNY MDL MDL 2.4644 CNY to MDL 0.4058 MDL to CNY
CNY CNY NOK NOK 1.4815 CNY to NOK 0.675 NOK to CNY
CNY CNY PLN PLN 0.5522 CNY to PLN 1.8108 PLN to CNY
CNY CNY RON RON 0.6351 CNY to RON 1.5746 RON to CNY
CNY CNY RUB RUB 12.7013 CNY to RUB 0.0787 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.4492 CNY to SEK 0.69 SEK to CNY
CNY CNY CHF CHF 0.1234 CNY to CHF 8.1062 CHF to CNY
CNY CNY TRY TRY 4.4924 CNY to TRY 0.2226 TRY to CNY
CNY CNY UAH UAH 5.4339 CNY to UAH 0.184 UAH to CNY
Updated: 2024-03-19
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CNY CNY ARS ARS 118.3697 CNY to ARS 0.0084 ARS to CNY
CNY CNY BOB BOB 0.9628 CNY to BOB 1.0387 BOB to CNY
CNY CNY BRL BRL 0.6987 CNY to BRL 1.4312 BRL to CNY
CNY CNY CAD CAD 0.1881 CNY to CAD 5.3155 CAD to CNY
CNY CNY KYD KYD 0.1161 CNY to KYD 8.6109 KYD to CNY
CNY CNY CLP CLP 131.5411 CNY to CLP 0.0076 CLP to CNY
CNY CNY COP COP 540.3313 CNY to COP 0.0019 COP to CNY
CNY CNY CRC CRC 70.8987 CNY to CRC 0.0141 CRC to CNY
CNY CNY DOP DOP 8.2428 CNY to DOP 0.1213 DOP to CNY
CNY CNY SVC SVC 1.2193 CNY to SVC 0.8201 SVC to CNY
CNY CNY FJD FJD 0.3151 CNY to FJD 3.1738 FJD to CNY
CNY CNY HNL HNL 3.4412 CNY to HNL 0.2906 HNL to CNY
CNY CNY JMD JMD 21.4816 CNY to JMD 0.0466 JMD to CNY
CNY CNY MXN MXN 2.3393 CNY to MXN 0.4275 MXN to CNY
CNY CNY ANG ANG 0.2511 CNY to ANG 3.9826 ANG to CNY
CNY CNY PYG PYG 1016.2529 CNY to PYG 0.001 PYG to CNY
CNY CNY PEN PEN 0.5137 CNY to PEN 1.9465 PEN to CNY
CNY CNY TTD TTD 0.9451 CNY to TTD 1.0581 TTD to CNY
CNY CNY USD USD 0.1389 CNY to USD 7.1986 USD to CNY
CNY CNY UYU UYU 5.3528 CNY to UYU 0.1868 UYU to CNY
CNY CNY VEF VEF 503592.9022 CNY to VEF 0 VEF to CNY
Updated: 2024-03-19
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CNY CNY AUD AUD 0.2124 CNY to AUD 4.7073 AUD to CNY
CNY CNY BDT BDT 15.2911 CNY to BDT 0.0654 BDT to CNY
CNY CNY BND BND 0.1863 CNY to BND 5.3669 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 11.5207 CNY to INR 0.0868 INR to CNY
CNY CNY IDR IDR 2182.3682 CNY to IDR 0.0005 IDR to CNY
CNY CNY JPY JPY 20.8029 CNY to JPY 0.0481 JPY to CNY
CNY CNY MYR MYR 0.6568 CNY to MYR 1.5225 MYR to CNY
CNY CNY MVR MVR 2.14 CNY to MVR 0.4673 MVR to CNY
CNY CNY NPR NPR 18.4849 CNY to NPR 0.0541 NPR to CNY
CNY CNY NZD NZD 0.2289 CNY to NZD 4.3696 NZD to CNY
CNY CNY PKR PKR 38.9688 CNY to PKR 0.0257 PKR to CNY
CNY CNY PGK PGK 0.5253 CNY to PGK 1.9036 PGK to CNY
CNY CNY PHP PHP 7.7424 CNY to PHP 0.1292 PHP to CNY
CNY CNY SCR SCR 1.8826 CNY to SCR 0.5312 SCR to CNY
CNY CNY SGD SGD 0.1862 CNY to SGD 5.3717 SGD to CNY
CNY CNY KRW KRW 185.8446 CNY to KRW 0.0054 KRW to CNY
CNY CNY LKR LKR 42.4545 CNY to LKR 0.0236 LKR to CNY
CNY CNY TWD TWD 4.4077 CNY to TWD 0.2269 TWD to CNY
CNY CNY THB THB 5.0003 CNY to THB 0.2 THB to CNY
Updated: 2024-03-19
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CNY CNY BHD BHD 0.0523 CNY to BHD 19.1037 BHD to CNY
CNY CNY EGP EGP 6.5441 CNY to EGP 0.1528 EGP to CNY
CNY CNY HKD HKD 1.0864 CNY to HKD 0.9205 HKD to CNY
CNY CNY ILS ILS 0.5073 CNY to ILS 1.9711 ILS to CNY
CNY CNY JOD JOD 0.0985 CNY to JOD 10.1546 JOD to CNY
CNY CNY KWD KWD 0.0427 CNY to KWD 23.423 KWD to CNY
CNY CNY LBP LBP 12478.6511 CNY to LBP 0.0001 LBP to CNY
CNY CNY OMR OMR 0.0535 CNY to OMR 18.7005 OMR to CNY
CNY CNY QAR QAR 0.5058 CNY to QAR 1.9772 QAR to CNY
CNY CNY SAR SAR 0.5209 CNY to SAR 1.9198 SAR to CNY
CNY CNY AED AED 0.5101 CNY to AED 1.9605 AED to CNY
CNY CNY YER YER 34.7776 CNY to YER 0.0288 YER to CNY
Updated: 2024-03-19
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CNY CNY DZD DZD 18.6747 CNY to DZD 0.0535 DZD to CNY
CNY CNY KES KES 18.8814 CNY to KES 0.053 KES to CNY
CNY CNY MUR MUR 6.3858 CNY to MUR 0.1566 MUR to CNY
CNY CNY MAD MAD 1.4003 CNY to MAD 0.7141 MAD to CNY
CNY CNY NAD NAD 2.6352 CNY to NAD 0.3795 NAD to CNY
CNY CNY NIO NIO 5.1291 CNY to NIO 0.195 NIO to CNY
CNY CNY NGN NGN 217.434 CNY to NGN 0.0046 NGN to CNY
CNY CNY SLL SLL 3138.452 CNY to SLL 0.0003 SLL to CNY
CNY CNY ZAR ZAR 2.6348 CNY to ZAR 0.3795 ZAR to CNY
CNY CNY TZS TZS 354.5133 CNY to TZS 0.0028 TZS to CNY
CNY CNY TND TND 0.431 CNY to TND 2.3201 TND to CNY
CNY CNY UGX UGX 541.4226 CNY to UGX 0.0018 UGX to CNY
CNY CNY XOF XOF 83.8408 CNY to XOF 0.0119 XOF to CNY
CNY CNY ZMK ZMK 1250.4096 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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