Chinese Yuan Renminbi Overview

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

Chinese Yuan Renminbi to USD Exchange rates Chart

Chinese Yuan Renminbi to USD Exchange rates Chart

Chinese Yuan Renminbi Exchange rates Table

Exchange Chinese Yuan Renminbi You buy CNY You sell CNY
Japanese Yen 0.066 15.103
US Dollar 7.127 0.140
Euro 7.769 0.129
British Pound 8.672 0.115
Canadian Dollar 5.092 0.196
Australian Dollar 4.658 0.215

Chinese Yuan Renminbi Tweets

Chinese Yuan Renminbi added 1 tweet
2020-05-10 18:48:10 UTC
@2dratbil @planetgreenalb1 “The official name for Chinese currency is Renminbi, which literally translates to Peopl… https://t.co/LBQZcVUnOD
Chinese Yuan Renminbi added 1 tweet
2020-05-12 00:47:34 UTC
RT @ChinaDaily: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 19 pips to 7.0769 against the U… https://t.co/xWGAo1WCCR
Chinese Yuan Renminbi added 1 tweet
2020-05-11 22:28:43 UTC
RT @ChinaDaily: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 19 pips to 7.0769 against the U… https://t.co/xWGAo1WCCR
Chinese Yuan Renminbi added 1 tweet
2020-05-11 17:00:00 UTC
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 19 pips to 7.0769 against the U… https://t.co/DmVqcx3Mpq
Chinese Yuan Renminbi added 1 tweet
2020-05-11 17:00:00 UTC
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 19 pips to 7.0769 against the U… https://t.co/xWGAo1WCCR
Chinese Yuan Renminbi added 1 tweet
2020-05-11 15:48:08 UTC
@BarbaraBunn12 Renminbi is the official Chinese currency. AKA Chinese Yuan
Chinese Yuan Renminbi added 1 tweet
2020-05-13 18:25:05 UTC
@CaptainAnatine Yuan is Chinese for 'Money'. Renminbi IS Chinese Money. Any Questions?
Chinese Yuan Renminbi added 1 tweet
2020-05-13 10:35:31 UTC
@tmx_ltd That'll be the Chinese Yuan but it's also referred to as the Renminbi
Chinese Yuan Renminbi added 1 tweet
2020-05-12 00:22:03 UTC
RT @ChinaDaily: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 19 pips to 7.0769 against the U… https://t.co/xWGAo1WCCR

Chinese Yuan Renminbi Videos

The Chinese Yuan, or RenMinBi (RMB), is the common currency of the People's Republic of China. The exchange rate of yuan to ...
Year 2015 edition of China's 100 Yuan RenMinBi banknote. Sadly Albert Pick passed away on Nov 21, 2015, so I do not know if ...
Peter Schiff on RT Boom Bust 11/17/2015 Sign up for my free newsletter: http://www.europac.net/subscribe_free_reports Peter ...
Here is the previous series of Chinese Yuan notes (also known as the Renminbi) which was issued in the early 2000's. With the ...
Legendary emerging markets investor Mark Mobius, founder of Mobius Capital Partners, sits down with Roger Hirst to articulate ...
Fran Rodilosso, Portfolio Manager, Fixed Income ETFs, explains the differences between onshore and offshore Renminbi and ...
The opening-up of its financial markets over the past decade has brought significant momentum to the internationalization of ...
Khiem Do of Barings says that his firm predicts that the Chinese yuan will accelerate slightly against the U.S. dollar as China's ...
Learn how CNH & CNY relate to each other. And what about the HKD! A quick primer on the Chinese currency system!

Chinese Yuan Renminbi News

Why a 7-yuan-per-dollar exchange rate is 'psychologically important'
Why a 7-yuan-per-dollar exchange rate is 'psychologically important'

Yuan-dollar exchange rates crossed a "psychologically important" threshold in August 2019. Here's why psychology matters in currency exchange.

about 2 months conditional positive
China pushes ahead with making yuan a global currency

Beijing’s bold steps to globalize the yuan, such as its launch of yuan-denominated crude oil futures and its highly anticipated issuance of a

about 1 month indicative neutral
China Is Nowhere Near Replacing The Dollar

If China wants to eat into the dollar's power globally with the internationalization of the yuan, it needs Europe to acquiesce.

28 days indicative neutral
China's central bank hints at launch timing of digital renminbi currency
China's central bank hints at launch timing of digital renminbi currency

The People's Bank of China has confirmed tests of its central bank digital currency and hinted that the digital renminbi will be released in 2021

28 days conditional positive
Renminbi strengthens to below 7/USD as trade talks outlook brightens
Renminbi strengthens to below 7/USD as trade talks outlook brightens

If a temporary trade agreement between China and the US can be signed later this month, and includes a trade-off of US tariff reduction and a stronger CNY-USD exchange rate, that should boost the renminbi and Chinese stock prices in the short run.

21 days conditional neutral
China's virus-hit box office faces losses of over $4.2bln - state media
China's virus-hit box office faces losses of over $4.2bln - state media

Some theatres were briefly allowed to reopen after the number of new cases sharply dropped in China - ZAWYA MENA Edition

7 days indicative neutral
Africa: China, Africa and the World After COVID-19

Opinion - The Coronavirus crisis has created a welcome opportunity for us to reassess the relationship between China and Africa on several levels - trade, supply chains, excessive borrowing and predatory lending, racism towards Africans.

about 5 hours conditional positive

Chinese Yuan Renminbi Currency converter

Chinese Yuan Renminbi Exchange rates

100 PHP to JPY
Caloocan, Republic of the Philippines.
159000 MYR to IDR
Banjarmasin, Republic of Indonesia.
1 IDR to THB
Jakarta, Republic of Indonesia.
1 KWD to PHP
Angeles City, Republic of the Philippines.
400 OMR to IDR
Santa Clara, United States.
2000000 INR to GBP
Bearsden, United Kingdom of Great Britain and Northern Ireland.
1 JPY to CNY
Suzhou, People’s Republic of China.
1 AUD to USD
Lima, Republic of Peru.
100 JPY to PHP
Central, Hong Kong Special Administrative Region.
100000000 KRW to HKD
Sha Tin, Hong Kong Special Administrative Region.
100 KWD to INR
Bayān, State of Kuwait.
100 USD to CNY
Beijing, People’s Republic of China.
100 USD to BDT
Chittagong, Bangladesh.
100 USD to BDT
Chittagong, Bangladesh.
700000 PHP to JPY
Quezon City, Republic of the Philippines.
100 HKD to IDR
Central, Hong Kong Special Administrative Region.
10000 CNY to ILS
Beishan, People’s Republic of China.
150 PHP to JPY
Binondo, Republic of the Philippines.