Chinese Yuan Renminbi

Chinese Yuan Renminbi

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).

Emirati Dirham

Emirati Dirham

The United Arab Emirates dirham (Arabic: درهم‎, sign: د.إ; code: AED), also known as simply the Emirati dirham, is the currency of the United Arab Emirates. The term dirham is officially abbreviated "AED", while unofficial abbreviations include "DH" or "Dhs.". The dirham is subdivided into 100 fils (فلس).

1 Chinese Yuan Renminbi to Emirati Dirham exchange rates chart

1 CNY to AED exchange rates graph
1 CNY to AED exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 CNY to AED exchange rates FAQs

What is 1 CNY to AED?

The meaning of 1 CNY to AED is to exchange 1 Chinese Yuan Renminbi to Emirati Dirham by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 1 CNY to AED on the chart below.

Who can exchange 1 CNY to AED?

Anyone with 1 Chinese Yuan Renminbi can find a local bank or a bureau de change to convert into Chinese Yuan Renminbi. However, if neither CNY nor AED is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 1 CNY to AED?

Due to the nature of the forex market, the exchange rates for 1 CNY to AED is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 1 CNY to AED?

Most likely you are traveling and want to get some Emirati Dirham cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 1 Chinese Yuan Renminbi to Emirati Dirham. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 1 CNY to AED?

Usually you can find a local bank, post office or bureau de change to exchange 1 CNY to AED. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Emirati Dirham you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 1 CNY to AED?

Use the tool we provided here to find the best exchange rates for 1 Chinese Yuan Renminbi to Emirati Dirham. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 1 CNY in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

1 CNY to AED exchange rates table

Exchange CNY to AED
1 Chinese Yuan Renminbi = 0.542 Emirati Dirham
2 Chinese Yuan Renminbi = 1.085 Emirati Dirham
5 Chinese Yuan Renminbi = 2.712 Emirati Dirham
10 Chinese Yuan Renminbi = 5.423 Emirati Dirham
Exchange Chinese Yuan Renminbi to Emirati Dirham
1 Chinese Yuan Renminbi to Emirati Dirham Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best CNY/AED exchange rate at Bank of China in Shanghai

1 CNY to AED exchange rates at Bank of China in Shanghai
1 Chinese Yuan Renminbi = 0.524 Emirati Dirham
Bank of China
Bank of China

Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country’s central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China’s financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite...

Best CNY/AED exchange rate at RAKBANK in Dubai

1 CNY to AED exchange rates at RAKBANK in Dubai
1 Chinese Yuan Renminbi = 0.532 Emirati Dirham
RAKBANK
RAKBANK

RAKBANK is a retail and business bank in the UAE with assets of AED 34.5 billion at the close of the first half of 2014.[1] The Bank provides conventional and Islamic retail, small business, and commercial banking services through a network of thirty nine branches and 293 ATMs in the UAE as well as its Telephone, Online and Mobile Banking channels. According to The Banker's Top 1000 Arab Bank Rankings in 2014 (published by FT Financial Publishing), RAKBANK is the 1st in the UAE by Return On...

1 CNY to AED exchange rates tweets

1 CNY to AED added 1 tweet
2019-02-07 06:31:04 UTC
Does anybody know if sectary of state John Kerry was considering stoping the US Dollar to be used in international… https://t.co/6JntqoLZq7
1 CNY to AED added 1 tweet
2019-02-07 18:04:19 UTC
RT @SaveAslave: Does anybody know if sectary of state John Kerry was considering stoping the US Dollar to be used in international… https://t.co/6JntqoLZq7
1 CNY to AED added 1 tweet
2019-02-08 01:31:21 UTC
RT @rotkehlchenio: Ever wondered why the Chinese currency has two different symbols? The RMB and the CNY? The first stands for Renminb… https://t.co/daWNHNQ8F9
1 CNY to AED added 1 tweet
2019-02-08 01:42:04 UTC
RT @rotkehlchenio: Ever wondered why the Chinese currency has two different symbols? The RMB and the CNY? The first stands for Renminb… https://t.co/daWNHNQ8F9
1 CNY to AED added 1 tweet
2019-02-08 18:48:28 UTC
Wordt Chinese yuan de nieuwe wereldmunt? De dollar verliest zijn vanzelfsprekendheid en de Chinese renminbi is nad… https://t.co/87lyC9WqHO
1 CNY to AED added 1 tweet
2019-02-11 02:57:20 UTC
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 414 basis points to 67495 against t… https://t.co/fleVth5nCw
1 CNY to AED added 1 tweet
2019-02-11 08:45:06 UTC
#ForexNews $CNYUSD "The central parity rate of the Chinese currency renminbi, or the yuan, weakened 414 basis poin… https://t.co/lEgGrgZZcI
1 CNY to AED added 1 tweet
2019-02-12 03:53:51 UTC
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 270 basis points to 6.7765 against… https://t.co/9EeAZeDQKl
1 CNY to AED added 1 tweet
2019-02-12 09:15:01 UTC
#ForexNews $CNYUSD "The central parity rate of the Chinese currency renminbi, or the yuan, weakened 270 basis poin… https://t.co/yv9TPZqobf
1 CNY to AED added 1 tweet
2019-02-12 04:52:39 UTC
The central parity rate of the #Chinese currency #renminbi, or the #yuan, weakened 270 basis points to 6.7765 again… https://t.co/8I5CQBNCic
1 CNY to AED added 1 tweet
2019-02-11 03:53:44 UTC
The #central parity rate of the Chinese currency #renminbi, or the #yuan, weakened 414 basis points to 6.7495 again… https://t.co/etMZqssEi0
1 CNY to AED added 1 tweet
2019-02-14 05:20:01 UTC
*_#Financial Indicators_* 🚨 *#Thursday / #Feb14 / #6am* *US Dollar - R 14.04* *Euro - R 15.84* *British Pound… https://t.co/BvfAJmn7K4

1 CNY to AED exchange rates news

UAE: Emirati men with two wives to get housing allowance

The minister said that the second wife should be provided with the same living arrangements as the first wife.

about 2 months conditional positive
Emirates Development Bank wins top Fitch rating

Emirates Development Bank has become the first fully-owned federal institution to receive a AA- rating from Fitch, thus indicating its financial position and credit strength. The Emirati group's loan portfolio tops Dh1 billion ($272 million).

about 2 months conditional positive
UAE: Emirati passport among 10 most powerful in the world

Emiratis can enter 155 countries visa-free.

about 2 months indicative positive
UAE: Emirati passport ranked 7th in the world

It moved another notch on the Arton Capital Passport Index, topping the Arab region and ranking seventh in the world.

about 2 months indicative neutral
History of the UAE through its currencies and coins

Numismatist Ram Kumar explains the country’s interesting past and evolvement of dirham and fil

3 months subjunctive positive

1 CNY to AED currency converter

1 CNY to AED exchange rates

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