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).

Singapore Dollar

Singapore Dollar

The Singapore dollar (sign: S$; code: SGD) is the official currency of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore issues the banknotes and coins of the Singapore dollar. As of 2016, the Singapore dollar is the twelfth-most traded currency in the world by value. Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam). Likewise, the Brunei dollar is also customarily accepted in Singapore.

5 Chinese Yuan Renminbi to Singapore Dollar exchange rates chart

5 CNY to SGD exchange rates graph
5 CNY to SGD 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.

5 CNY to SGD exchange rates FAQs

What is 5 CNY to SGD?

The meaning of 5 CNY to SGD is to exchange 5 Chinese Yuan Renminbi to Singapore Dollar 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 5 CNY to SGD on the chart below.

Who can exchange 5 CNY to SGD?

Anyone with 5 Chinese Yuan Renminbi can find a local bank or a bureau de change to convert into Chinese Yuan Renminbi. However, if neither CNY nor SGD 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 5 CNY to SGD?

Due to the nature of the forex market, the exchange rates for 5 CNY to SGD 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 5 CNY to SGD?

Most likely you are traveling and want to get some Singapore Dollar cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 5 Chinese Yuan Renminbi to Singapore Dollar. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 5 CNY to SGD?

Usually you can find a local bank, post office or bureau de change to exchange 5 CNY to SGD. 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 Singapore Dollar 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 5 CNY to SGD?

Use the tool we provided here to find the best exchange rates for 5 Chinese Yuan Renminbi to Singapore Dollar. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 5 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!

5 CNY to SGD exchange rates table

Exchange CNY to SGD
5 Chinese Yuan Renminbi = 0.995 Singapore Dollar
10 Chinese Yuan Renminbi = 1.991 Singapore Dollar
25 Chinese Yuan Renminbi = 4.977 Singapore Dollar
50 Chinese Yuan Renminbi = 9.954 Singapore Dollar
Exchange Chinese Yuan Renminbi to Singapore Dollar
5 Chinese Yuan Renminbi to Singapore 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/SGD exchange rate at Bank of China in Shanghai

5 CNY to SGD exchange rates at Bank of China in Shanghai
5 Chinese Yuan Renminbi = 0.989 Singapore 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 SGD news tweets

5 CNY to SGD added 1 tweet
2019-05-19 16:32:46 UTC
BTC Spiked As The RMB Fell Evidence is purportedly mounting that Bitcoin and the Chinese Renminbi (RMB), known as t… https://t.co/DYDjipn8Rv
5 CNY to SGD added 1 tweet
2019-05-19 17:56:26 UTC
In which currency is Mutuvi's budget? Bond note? RTGS$? Chinese Yuan Renminbi? US$? It's a fictitious budget surpl… https://t.co/AhCy5c4h3O
5 CNY to SGD added 1 tweet
2019-05-19 18:20:24 UTC
RT @mawarirej: In which currency is Mutuvi's budget? Bond note? RTGS$? Chinese Yuan Renminbi? US$? It's a fictitious budget surpl… https://t.co/AhCy5c4h3O
5 CNY to SGD added 1 tweet
2019-05-14 05:37:04 UTC
Planning a trip to China? If you bought $1,000AUD worth of CNY online today, you would have an extra 53¥ in your wa… https://t.co/XYlBpDRn9L
5 CNY to SGD added 1 tweet
2019-05-12 12:43:32 UTC
https://t.co/t6ibKVqSeI Face of IMF and think
5 CNY to SGD added 1 tweet
2019-05-19 01:29:55 UTC
RT @business: The Singapore dollar is poised to weaken on fallout from the U.S.-China trade war https://t.co/WWk8ae0zc5
5 CNY to SGD added 1 tweet
2019-05-19 01:30:25 UTC
RT @business: The Singapore dollar is poised to weaken on fallout from the U.S.-China trade war https://t.co/WWk8ae0zc5
5 CNY to SGD added 1 tweet
2019-05-19 01:31:02 UTC
RT @business: The Singapore dollar is poised to weaken on fallout from the U.S.-China trade war https://t.co/WWk8ae0zc5
5 CNY to SGD added 1 tweet
2019-05-19 01:34:29 UTC
RT @business: The Singapore dollar is poised to weaken on fallout from the U.S.-China trade war https://t.co/WWk8ae0zc5
5 CNY to SGD added 1 tweet
2019-05-19 01:34:30 UTC
RT @BloombergAsia: The Singapore dollar is poised to weaken on fallout from the U.S.-China trade war https://t.co/VgH4nXoZHw

5 CNY to SGD news media

5 CNY to SGD added 1 medium
2019-05-14T02:03:53+02:00
Thank You so much for all of these sign off gifts and for arranging a farewell midnight food party at the office before I sign off! It was a blast! Thanks Qiaoyan,Eli,Zhai Jing and Leo who were my best buddies in the team for the whole contract! I highly appreciated all your efforts and heartwarming feedbacks on me. Gonna miss you all guys and till we meet again! Let’s keep learning and never give up ! Keep in touch! #FarewellSignoffGifts #ChineseBestBuddies #TeamGuestServices #QuantumOfTheSeas #TeamRoyalCaribbean #QuantumOTSHoodyJacket #SweetChocs #ChineseYuanRenminbi
5 CNY to SGD added 1 medium
2018-04-20T15:58:03+02:00
Still well kept by me, remains of travelling in 2014...and will be used soon, can’t wait! It’s not much about CNY 299 and 8 cents but not bad either for buying some snacks or souvenirs... 😅😜🤩🇨🇳 #cash #money #chinesecurrency #chineseyuan #cny #chineseyuanrenminbi #traveltoinnermongolia #innermongolia #northchina #china #eastasia #traveller #travelling #instatravel #igtravel #travelphoto #traveltheworld
5 CNY to SGD added 1 medium
2015-03-21T03:56:58+01:00
GREAT NEWS!! For my International Dolls ✌️We added a currency converter for 5 International Countries. Rates convert to USD but at least you can see pricing you are used to!💃Try clicking on our drop down! #alwaysworking #100percenthollywood #shop100percenthollywood #shop100percenthollywoodcom #eyeware #eyewear #custom #glasses #swarovski #sunglasses #frames #newsunglasses #style #instastyle #instafashion #instahollywood #trendy #hollywood #BritishPounds #Euro #AustralianDollar #CanadianDollar #ChineseYuanRenminbi #JapaneseYen #GBP #EUR #AUD #CNY #JPY#CAD
5 CNY to SGD added 1 medium
2015-06-11T12:39:54+02:00
Shut up and take my money! haha lol! #mycollection #moreplease #philippinepeso #USdollar #europeaneuro #singaporedollar #malysianringgit #indonesianrupiah #saudiriyal #iranianrial #vietnamesedong #thaibaht #brazilianreal #slovenianeuro #polishzloty #mexicanpeso #swissfranc #norwegiankrone #turkishlira #bosniaandherzegovinaconvertiblemark #australiandollar #britishpound #romanianleu #canadiandollar #chineseyuanrenminbi #peruviannuevosol #maldivianrufiyaa #zhongguorenminyinhang #macanesepataca #kuwaitidinar
5 CNY to SGD added 1 medium
2015-10-14T14:54:38+02:00
#banknote#papercurrency#currencynote#100yuan#onehundredyuan#chinacurrency#chinayuan#chinamoney#note_senyeow#senyeow2015
5 CNY to SGD added 1 medium
2019-05-15T15:32:28+02:00
Thanks aunty Debby give me a $2 Singapore Dollar and RM 1 Malaysian Ringgit 😊 surplus +1 my new banknotes collection #banknotes #asianbanknotes #singaporedollar #ringgit #numismatic
5 CNY to SGD added 1 medium
2019-05-12T06:34:00+02:00
Please DM me, let's deal on old notes, old coins. I'm also an antiques and precious stone dealer and collector. #singapore #singaporedollar #antiques #duitlamamalaysia #duit #duitlama #malaysia
5 CNY to SGD added 1 medium
2019-05-12T14:35:02+02:00
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5 CNY to SGD added 1 medium
2019-05-11T04:56:01+02:00
To be Rich and Successful is a choice‼ Your ability to grasp opportunity determines how your future would be. I'm making a minimum of $30,000 weekly, you too can attain financial freedom. Inbox for more info #bitcoinmining #bitcoinsingapore #singaporedollar #sgd #singaporeforex #binaryoptions #earnwithbitcoin #bitpay #adblast #freesatoshi #satoshi #nguyen #ripple #freeico
5 CNY to SGD added 1 medium
2019-05-11T15:35:36+02:00
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5 CNY to SGD news videos

Learn how CNH & CNY relate to each other. And what about the HKD! A quick primer on the Chinese currency system!
Looking through yuan for good serial numbers and errors. ▽ More links below ▽ This is an affiliate link TO BUY CHINESE ...
The Chinese yuan has overtaken the euro to become the second most used currency in the global market place. Last year its ...
China is home to the world's second largest economy. But as time goes by the question remains: what will it take for the Yuan to ...
This can save you some $$$ and it's really easy. Tips where to exchange money and also - which places to avoid!! Thank You For ...
More links below ▽ Blog post: https://wordpress.com/view/worldofcoinsandbanknotes.wordp... eBay: ...
Today Singapore Dollar Exchange Rate, today dollar exchange rate, ajka Singapore dollar rate, todayy dollars exchange news, ...
Ibrahim Sani and Luqman Hariz talks to Stephen Innes, Senior Asia Pacific Forex Trader in Singapore talk about the Singapore ...

5 CNY to SGD news texts

Faurecia’s sales remain flat in first quarter - International Leather Maker

The French automotive seating and parts manufacturer has posted reported sales up 0.2%, down 1.1% at constant currencies, for the first quarter of...

26 days indicative neutral
Major currency up

Uniindia: Mumbai, Mar 9 (UNI) Following were the indicative currency rates and travellers'' cheques buying and selling rates per unit.

2 months indicative neutral

5 CNY to SGD currency converter

5 CNY to SGD exchange rates

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