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).

Canadian Dollar

Canadian Dollar

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

5 Chinese Yuan Renminbi to Canadian Dollar exchange rates chart

5 CNY to CAD exchange rates graph
5 CNY to CAD Spot 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.

5 CNY to CAD exchange rates table

Exchange CNY to CAD
5 Chinese Yuan Renminbi = 0.953 Canadian Dollar
10 Chinese Yuan Renminbi = 1.905 Canadian Dollar
25 Chinese Yuan Renminbi = 4.763 Canadian Dollar
50 Chinese Yuan Renminbi = 9.526 Canadian Dollar
Exchange Chinese Yuan Renminbi to Canadian Dollar
5 Chinese Yuan Renminbi to Canadian Dollar 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/CAD rate at Ultimate Currency Exchange in Toronto

5 CNY to CAD exchange rates at Ultimate Currency Exchange in Toronto
5 Chinese Yuan Renminbi = 0.875 Canadian Dollar
Ultimate Currency Exchange
Ultimate Currency Exchange

Ultimate Currency Exchange is a Canadian registered company that provides foreign exchange services with three branches; two in Ottawa and one in Toronto and also accepts online orders to ship foreign currency to any part of Canada. UCE buys and sells more than ninety foreign currencies with no commission fees. UCE's exchange rates are always better than Canadian banks and compete with the other exchange bureaus. Ultimate Currency Exchange is a "Money Service Business" registered with FINTRAC...

Best CNY/CAD rate at Taheri Exchange in Toronto

5 CNY to CAD exchange rates at Taheri Exchange in Toronto
5 Chinese Yuan Renminbi = 0.902 Canadian Dollar
Taheri Exchange
Taheri Exchange

Taheri Exchange is a full service foreign currency exchange company located in Toronto, Canada. When the company was founded, our aspiration was to provide a higher grade of foreign exchange services. Our driving principles have been method the embodiment of integrity, attentiveness and diligence. While the company has grown, our corporate culture continues to embrace the same approach, and the same tone of caring is reflected throughout the organization. We provide services to corporations...

Best CNY/CAD rate at T Currency Exchange in Toronto

5 CNY to CAD exchange rates at T Currency Exchange in Toronto
5 Chinese Yuan Renminbi = 0.902 Canadian Dollar
T Currency Exchange
T Currency Exchange

A Canadian currency exchange owned, operated and serving Toronto for more than 25 years with reliable currency exchange service. TCE was primarily founded to provide a higher grade of foreign currency exchange services and focused on money transfers globally. After a couple of years of successful and greatly appreciated operations we diversified into provision of various yet relevant services. Now we have a portfolio of services which are provided reliably according to the laws and...

Best CNY/CAD rate at Bank of China in Shanghai

5 CNY to CAD exchange rates at Bank of China in Shanghai
5 Chinese Yuan Renminbi = 0.944 Canadian Dollar
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...

5 CNY to CAD exchange rates news

BRIEF-Neway Valve Suzhou Plans Share Buyback Worth 80-200 Million Yuan Within Six Months

Nov 16 (Reuters) - Neway Valve Suzhou Co Ltd: * SAYS IT PLANS TO BUY BACK COMPANY SHARES WORTH 80-200 MILLION YUAN ($11.51-$28.78 million) WITHIN SIX MONTHS Source text in Chinese: https://bit.ly/2K7IA0Z ...

indicative negative
BRIEF-Zhejiang Hailiang To Buy Back 500-1,000 Million Yuan Worth Of Company Shares

Nov 16 (Reuters) - Zhejiang Hailiang Co Ltd: * SAYS IT PLANS TO BUY BACK 500-1,000 MILLION YUAN ($71.96-143.92 million) WORTH OF COMPANY SHARES WITHIN SIX MONTHS Source text in Chinese: https://bit.ly/2PxIztl ...

indicative negative
BRIEF-Shenzhen Sunlord Electronics To Buy Back 100-200 Million Yuan Worth Of Company Shares

Nov 16 (Reuters) - Shenzhen Sunlord Electronics Co Ltd : * SAYS IT PLANS TO BUY BACK 100-200 MILLION YUAN ($14.39-28.78 million)WORTH OF COMPANY SHARES WITHIN 12 MONTHS Source text in Chinese: https://bit.ly/2Tc5WH7 ...

indicative negative
PetroChina's gas marketing consolidation worries independent...

PetroChina will merge its wholesale natural gas sales unit with retail provider Kunlun Energy to shore up profits though the move worries independent gas sellers that fear the combination will create a monopoly.

conditional neutral
USD/CAD - Canadian Dollar Grinds Sideways

The Canadian dollar is grinding sideways in a narrow trading range. Canadian dollar sellers because of plunging oil prices are finding plenty of buyers because of expectations for higher domestic interest rates in December. The opposing views have re-enforced ...

imperative negative
C$ notches one-week high as greenback broadly slides

Canadian dollar rises 0.2 percent against the greenback; Canadian manufacturing sales rise 0.2 percent in September; Canadian bond prices move higher.

conditional neutral
C$ climbs to one-week high as oil prices rise

* Canadian dollar rises 0.3 percent against the greenback; * Price of U.S. oil rises 2.3 percent; * Canadian manufacturing sales rise 0.2 percent in.

indicative positive
Canadian dollar notches one-week high as greenback broadly slides

The Canadian dollar strengthened to its highest in more than one week against its U.S. counterpart on Friday, extending this week's gain as the greenback broadly fell and domestic data showed that factory sales edged higher in September.

conditional neutral
USD/CAD - Canadian Dollar Tries to Rally

The Canadian dollar is making an effort to rally. It is proving to be a struggle because global risk sentiment continues to teeter between "risk-on" and "risk-off." A lack of domestic data is another issue for Canadian dollar traders. The domestic ...

imperative neutral

5 CNY to CAD currency converter