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Chinese Yuan (CNY) Exchange Rates on 17th May 2024 (17/05/2024)

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Exchange rates for Chinese Yuan (CNY)

Updated: 2024-05-17
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY GBP GBP 0.1092 CNY to GBP 9.1569 GBP to CNY
CNY CNY BGN BGN 0.249 CNY to BGN 4.0157 BGN to CNY
CNY CNY HRK HRK 0.9675 CNY to HRK 1.0336 HRK to CNY
CNY CNY CZK CZK 3.1476 CNY to CZK 0.3177 CZK to CNY
CNY CNY DKK DKK 0.9498 CNY to DKK 1.0529 DKK to CNY
CNY CNY EEK EEK 0 CNY to EEK 0 EEK to CNY
CNY CNY HUF HUF 49.113 CNY to HUF 0.0204 HUF to CNY
CNY CNY KZT KZT 60.8735 CNY to KZT 0.0164 KZT to CNY
CNY CNY LVL LVL 0.0838 CNY to LVL 11.9274 LVL to CNY
CNY CNY LTL LTL 0 CNY to LTL 0 LTL to CNY
CNY CNY MKD MKD 7.8355 CNY to MKD 0.1276 MKD to CNY
CNY CNY MDL MDL 2.435 CNY to MDL 0.4107 MDL to CNY
CNY CNY NOK NOK 1.4772 CNY to NOK 0.677 NOK to CNY
CNY CNY PLN PLN 0.5425 CNY to PLN 1.8432 PLN to CNY
CNY CNY RON RON 0.6333 CNY to RON 1.5791 RON to CNY
CNY CNY RUB RUB 12.5783 CNY to RUB 0.0795 RUB to CNY
CNY CNY SKK SKK 0 CNY to SKK 0 SKK to CNY
CNY CNY SEK SEK 1.4755 CNY to SEK 0.6778 SEK to CNY
CNY CNY CHF CHF 0.1248 CNY to CHF 8.0138 CHF to CNY
CNY CNY TRY TRY 4.4655 CNY to TRY 0.2239 TRY to CNY
CNY CNY UAH UAH 5.4521 CNY to UAH 0.1834 UAH to CNY
Updated: 2024-05-17
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY ARS ARS 122.7675 CNY to ARS 0.0081 ARS to CNY
CNY CNY BOB BOB 0.9517 CNY to BOB 1.0507 BOB to CNY
CNY CNY BRL BRL 0.7117 CNY to BRL 1.4051 BRL to CNY
CNY CNY CAD CAD 0.1885 CNY to CAD 5.3043 CAD to CNY
CNY CNY KYD KYD 0.1148 CNY to KYD 8.7125 KYD to CNY
CNY CNY CLP CLP 125.4769 CNY to CLP 0.008 CLP to CNY
CNY CNY COP COP 530.0303 CNY to COP 0.0019 COP to CNY
CNY CNY CRC CRC 70.5648 CNY to CRC 0.0142 CRC to CNY
CNY CNY DOP DOP 8.0438 CNY to DOP 0.1243 DOP to CNY
CNY CNY SVC SVC 1.2052 CNY to SVC 0.8298 SVC to CNY
CNY CNY FJD FJD 0.3088 CNY to FJD 3.2379 FJD to CNY
CNY CNY HNL HNL 3.4042 CNY to HNL 0.2938 HNL to CNY
CNY CNY JMD JMD 21.4721 CNY to JMD 0.0466 JMD to CNY
CNY CNY MXN MXN 2.3137 CNY to MXN 0.4322 MXN to CNY
CNY CNY ANG ANG 0.2482 CNY to ANG 4.0287 ANG to CNY
CNY CNY PYG PYG 1033.5166 CNY to PYG 0.001 PYG to CNY
CNY CNY PEN PEN 0.5124 CNY to PEN 1.9516 PEN to CNY
CNY CNY TTD TTD 0.9348 CNY to TTD 1.0698 TTD to CNY
CNY CNY USD USD 0.1386 CNY to USD 7.2148 USD to CNY
CNY CNY UYU UYU 5.3082 CNY to UYU 0.1884 UYU to CNY
CNY CNY VEF VEF 502077.4598 CNY to VEF 0 VEF to CNY
Updated: 2024-05-17
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CNY CNY AUD AUD 0.2072 CNY to AUD 4.8274 AUD to CNY
CNY CNY BDT BDT 16.1281 CNY to BDT 0.062 BDT to CNY
CNY CNY BND BND 0.1858 CNY to BND 5.3811 BND to CNY
CNY CNY CNY CNY 1 CNY to CNY 1 CNY to CNY
CNY CNY INR INR 11.5684 CNY to INR 0.0864 INR to CNY
CNY CNY IDR IDR 2209.3988 CNY to IDR 0.0005 IDR to CNY
CNY CNY JPY JPY 21.3387 CNY to JPY 0.0469 JPY to CNY
CNY CNY MYR MYR 0.6489 CNY to MYR 1.541 MYR to CNY
CNY CNY MVR MVR 2.1414 CNY to MVR 0.467 MVR to CNY
CNY CNY NPR NPR 18.3554 CNY to NPR 0.0545 NPR to CNY
CNY CNY NZD NZD 0.2262 CNY to NZD 4.4212 NZD to CNY
CNY CNY PKR PKR 38.3224 CNY to PKR 0.0261 PKR to CNY
CNY CNY PGK PGK 0.5346 CNY to PGK 1.8704 PGK to CNY
CNY CNY PHP PHP 7.9468 CNY to PHP 0.1258 PHP to CNY
CNY CNY SCR SCR 1.8965 CNY to SCR 0.5273 SCR to CNY
CNY CNY SGD SGD 0.1861 CNY to SGD 5.3739 SGD to CNY
CNY CNY KRW KRW 186.613 CNY to KRW 0.0054 KRW to CNY
CNY CNY LKR LKR 41.5798 CNY to LKR 0.0241 LKR to CNY
CNY CNY TWD TWD 4.4423 CNY to TWD 0.2251 TWD to CNY
CNY CNY THB THB 5.0144 CNY to THB 0.1994 THB to CNY
Updated: 2024-05-17
Convert from Convert to 1 CNY Conversion in currency Conversion
CNY CNY BHD BHD 0.0523 CNY to BHD 19.1387 BHD to CNY
CNY CNY EGP EGP 6.4907 CNY to EGP 0.1541 EGP to CNY
CNY CNY HKD HKD 1.0817 CNY to HKD 0.9244 HKD to CNY
CNY CNY ILS ILS 0.509 CNY to ILS 1.9646 ILS to CNY
CNY CNY JOD JOD 0.0983 CNY to JOD 10.1774 JOD to CNY
CNY CNY KWD KWD 0.0426 CNY to KWD 23.4858 KWD to CNY
CNY CNY LBP LBP 12333.2984 CNY to LBP 0.0001 LBP to CNY
CNY CNY OMR OMR 0.0533 CNY to OMR 18.7449 OMR to CNY
CNY CNY QAR QAR 0.5048 CNY to QAR 1.981 QAR to CNY
CNY CNY SAR SAR 0.5198 CNY to SAR 1.9237 SAR to CNY
CNY CNY AED AED 0.5091 CNY to AED 1.9643 AED to CNY
CNY CNY YER YER 34.6303 CNY to YER 0.0289 YER to CNY
Updated: 2024-05-17
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CNY CNY DZD DZD 18.6289 CNY to DZD 0.0537 DZD to CNY
CNY CNY KES KES 17.9727 CNY to KES 0.0556 KES to CNY
CNY CNY MUR MUR 6.3689 CNY to MUR 0.157 MUR to CNY
CNY CNY MAD MAD 1.3762 CNY to MAD 0.7266 MAD to CNY
CNY CNY NAD NAD 2.5309 CNY to NAD 0.3951 NAD to CNY
CNY CNY NIO NIO 5.0705 CNY to NIO 0.1972 NIO to CNY
CNY CNY NGN NGN 210.2605 CNY to NGN 0.0048 NGN to CNY
CNY CNY SLL SLL 2906.4615 CNY to SLL 0.0003 SLL to CNY
CNY CNY ZAR ZAR 2.5345 CNY to ZAR 0.3946 ZAR to CNY
CNY CNY TZS TZS 358.9846 CNY to TZS 0.0028 TZS to CNY
CNY CNY TND TND 0.433 CNY to TND 2.3094 TND to CNY
CNY CNY UGX UGX 518.4756 CNY to UGX 0.0019 UGX to CNY
CNY CNY XOF XOF 83.4595 CNY to XOF 0.012 XOF to CNY
CNY CNY ZMK ZMK 1247.6037 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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