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).

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

5 Chinese Yuan Renminbi to US Dollar Exchange rates Chart

5 Chinese Yuan Renminbi to US Dollar
5 CNY to USD 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 Chinese Yuan Renminbi to US Dollar Exchange rates FAQs

What is 5 CNY to USD?

The meaning of 5 CNY to USD is to exchange 5 Chinese Yuan Renminbi to US Dollar by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. We are offering inter-market exchange rates to convert 5 CNY to USD in the chart below.

Who can convert 5 CNY to USD?

Anyone with 5 Chinese Yuan Renminbi can find a local bank or a bureau de change to convert into US Dollar . However, if neither CNY nor USD is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why we are offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 5 CNY to USD?

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

Most likely you are traveling and want to get some US 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 US Dollar. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to exchange 5 CNY to USD?

Usually you can find a local bank, post office or bureau de change to exchange 5 CNY to USD. 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 we are 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 US 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 convert 5 CNY to USD?

Use the tool we provided here to find the best exchange rates for 5 CNY to USD. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 5 Chinese Yuan Renminbi in hand then exchange the cash you want in store or online. It's just that simple with no fees or commissions from us!

5 Chinese Yuan Renminbi to US Dollar Exchange rates Table

Exchange CNY to USD
5 Chinese Yuan Renminbi = 0.705 US Dollar
10 Chinese Yuan Renminbi = 1.410 US Dollar
25 Chinese Yuan Renminbi = 3.526 US Dollar
50 Chinese Yuan Renminbi = 7.051 US Dollar
Exchange Chinese Yuan Renminbi to US Dollar
5 CNY to USD 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.

5 CNY to USD at Bank of China

5 CNY to USD at Bank of China
5 Chinese Yuan Renminbi = 0.703 US Dollar
Bank of China
Bank of China

Bank of China Introduction Bank of China is the Bank with the longest continuous operation among Chinese banks. The Bank 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...

Bank of China in Beijing

中国银行北京长阳支行 房山区 支行 北京市房山区长政南街2号院1号楼1层102、2层201、2层202(102488) 010-53933990 正常营业 中国银行北京南宫支行 丰台区 支行 北京市丰台区王佐镇福宫路68号(100074) 010-83064207 正常营业 中国银行北京城关北街支行 房山区 支行 北京市房山区北大街17号(102400) 010-89323485 正常营业 中国银行北京房山支行 房山区 支行 北京市房山区良乡拱晨北大街(102488) 010-89356347 正常营业 中国银行北京西单支行 西城区 支行 北京市西城区西单北大街110号西单汇大厦六层(100032) 010-83262366 正常营业 中国银行北京中银大厦支行 西城区 支行 北京市西城区复兴门内大街1号一层G区(100818) 010-66591141 正常营业 中国银行北京平谷新平北路支行 平谷区 支行 北京市平谷区新平北路51号(101200) 010-89979576 正常营业 中国银行北京平谷支行 平谷区 支行 北京市平谷区林荫北街11号(101200)...

Bank of China in Chengdu

中国银行成都芙蓉西路支行 成都市 支行 四川省成都市锦江区芙蓉西路502号(610000) 028-87022127 正常营业 中国银行简阳正中街支行 成都市 支行 四川省简阳市简城镇正中街141号(641499) 028-27218129 正常营业 中国银行简阳新民街支行 成都市 支行 四川省简阳市简城镇新民街180-190号(641499) 028-27212013 正常营业 中国银行简阳东升路支行 成都市 支行 四川省简阳市石桥镇东升街32-40号(641499) 028-27223354 正常营业 中国银行简阳支行 成都市 支行 四川省简阳市简城镇建设中路237号(641499) 028-27011188 正常营业 中国银行邛崃文君广场支行 成都市 支行 四川省邛崃市临邛镇棉花街138号、140号(611530) 028-88740856 正常营业 中国银行邛崃瑞云欣广场支行 成都市 支行 四川省邛崃市方圆街134、136、138、140号(611530) 028-88767061 正常营业 中国银行邛崃支行 成都市 支行 四川省邛崃市临邛镇南街200号(611530)...

Bank of China in Chongqing

中国银行重庆万州北山支行 万州区 支行 重庆市万州区北山大道339号(404000) 023-58113148 正常营业 中国银行重庆周家坝支行 万州区 支行 重庆市万州区周家坝天城大道855号(404000) 023-58376060 正常营业 中国银行重庆万州南山路支行 万州区 支行 重庆市万州区南山路11号A区1号楼(404000) 023-58215430 正常营业 中国银行重庆万州百安坝支行 万州区 支行 重庆市万州区五桥上海大道68号(404000) 023-58543564 正常营业 中国银行重庆观音岩支行 万州区 支行 重庆市万州区沙龙路三段212号(404000) 023-58960974 正常营业 中国银行重庆万州新城路支行 万州区 支行 重庆市万州区新城路77号附1号(404000) 023-58128370 正常营业 中国银行重庆万州北滨大道支行 万州区 支行 重庆市万州区北滨大道2段998号4号楼一层62-65铺号(404000) 023-58224674 正常营业 中国银行重庆万州王牌路支行 万州区 支行 重庆市万州区王牌路498号(404000)...

Bank of China in Guangzhou

中国银行广州番禺万博支行 广州市 支行 广州市番禺区南村镇汇智三路97、99、101号(511400) 020-31566315 正常营业 中国银行广州番禺富豪山庄支行 广州市 支行 广州市番禺区东环街市广路232号富豪山庄1号商业楼20、21、22、23、24、25号(首层)(511440) 020-84861435 正常营业 中国银行广州增城中新支行 广州市 支行 增城市中新镇中福路19号(511365) 020-82866639 正常营业 中国银行广州增城新塘支行 广州市 支行 增城市新塘镇解放北路130号(511340) 020-82708017 正常营业 中国银行广州增城新塘新兴街支行 广州市 支行 增城市新塘镇新兴街64号(511340) 020-82765964 正常营业 中国银行广州增城新塘汇美新村支行 广州市 支行 增城市新塘镇汇美新村汇太东路79号首层(511340) 020-82783850 正常营业 中国银行广州增城新塘港口大道支行 广州市 支行 增城市新塘镇港口大道312号和生商贸城首层(511340) 020-82781702 正常营业...

Bank of China in Hangzhou

中国银行杭州城西科创支行 杭州市 支行 杭州市余杭区五常街道文一西路998(311121) 0571-89057915 正常营业 中国银行杭州市钱塘支行 杭州市 支行 杭州市上城区西湖大道58号(310009) 0571-87820959 正常营业 中国银行杭州大江东支行 杭州市 支行 浙江省杭州市萧山区义蓬街道金融路159号(311225) 0571-82153083 正常营业 中国银行杭州钱江新城支行 杭州市 支行 浙江省杭州市江干区四季路68号、68-1号、70号,四季路72号、76号、76-1号,四季路68-2号,丹桂街19-5、19-6(310020) 0571-88189917 正常营业 中国银行杭州杭大支行 杭州市 支行 浙江省杭州市西湖区教工路36号C座1-3层(310012) 0571-88925399 正常营业 中国银行淳安千岛湖支行 杭州市 支行 浙江省杭州市淳安县千岛湖镇新安东路491号(311700) 0571-64832892 正常营业 中国银行淳安支行 杭州市 支行 浙江省杭州市淳安县千岛湖镇新安大街92号(311700) 0571-64827861...

5 CNY to USD at LA Currency

5 CNY to USD at LA Currency
5 Chinese Yuan Renminbi = 0.564 US Dollar
LA Currency
LA Currency

Frequently Asked Questions No, we do not charge fees for foreign currency exchange transactions. The foreign currency exchange rates found on our website are modified to reflect the precise value of each currency in real-time. By visiting our website, you may find out how much USD you will get for your foreign currency or how much USD you will need to purchase a particular foreign currency. Please make sure to refresh the browser frequently as real-time foreign exchange rates constantly...

LA Currency in Beverly Hills

BEVERLY HILLS 340 N Camden Dr Ste A, Beverly Hills, CA 90210 Tel: 310.859.8888 Mon to Fri: 9:00 am - 6:00 pm Sat: 10:00 am - 4:00 pm Sun: Closed Free public parking (provided by the City of Beverly Hills) & paid metered parking available at this location.

LA Currency in Los Angeles

DOWNTOWN LOS ANGELES 406 W 6th Street Unit A, Los Angeles, CA 90014 Tel: 213.228.0000 Mon to Fri: 9:00 am - 5:30 pm Sat: 10:00 am - 4:00 pm Sun: Closed Paid public parking is available at this location. HOLLYWOOD 7095 Hollywood Blvd #204, Los Angeles, CA 90028 Tel: 323.878.0555 Mon to Fri: 9:00 am - 6:00 pm Sat: 10:00 am - 5:00 pm Sun: 10:00 am - 3:00 pm Free outdoor parking available at this location. VAN NUYS 6582 Van Nuys Blvd, Van Nuys, CA 91401 Tel: 818.785.0999 818.780.2274 Mon to Fri:...

LA Currency in Glendale

GLENDALE 506 W Broadway, Glendale, CA 91204 Tel: 818.551.9555 818.553.3888 Mon to Fri: 9:00 am - 6:00 pm Sat: 10:00 am - 4:00 pm Sun: 10:00 am - 3:00 pm Free outdoor parking available at this location.

5 Chinese Yuan Renminbi to US Dollar Exchange rates Tweets

5 CNY to USD added 1 tweet
2020-03-20 17:31:43 UTC
If Pooh bear would’ve been honest we could have saved a few more, maybe even their citizens. BTW what is the pay at…
5 CNY to USD added 1 tweet
2020-03-20 12:07:51 UTC
@katierogers Might as well just start publishing that "America created the Coronavirus and infected the noble, brav…
5 CNY to USD added 1 tweet
2020-03-20 07:23:34 UTC
It will be interesting to see the long run influence of #coronavirus on the international standing of #USA #Dollar…
5 CNY to USD added 1 tweet
2020-03-28 03:12:33 UTC
RT @realDonaldTrump: As usual with “this” General Motors, things just never seem to work out. They said they were going to give us 40,00…
5 CNY to USD added 1 tweet
2020-03-28 03:12:32 UTC
RT @realDonaldTrump: As usual with “this” General Motors, things just never seem to work out. They said they were going to give us 40,00…
5 CNY to USD added 1 tweet
2020-03-28 03:12:29 UTC
RT @CoinUsdx: USDX - Stable Coin US Dollar💵 join and get USDX and USDC Free (End 3Days) link: JOIN Pre-…

5 Chinese Yuan Renminbi to US Dollar Exchange rates Videos

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 ...
The Chinese Yuan, or RenMinBi (RMB), is the common currency of the People's Republic of China. The exchange rate of yuan to ...
China's currency weakened further against the US dollar as the central bank took steps to steady the yuan after its recent sharp ...
Jun.18 -- Renaissance Macro Research's Pat Nipper analyzes the performance of the U.S. dollar against the euro. He speaks with ...
Rep. Dean Phillips (D-Minn.) questions Fed chair Jerome Powell about the U.S. dollar and why it is the world's reserve currency.
Nov.15 -- Win Thin, head of currency strategy at Brown Brothers Harriman, discusses the future of the Hong Kong peg and what ...

5 Chinese Yuan Renminbi to US Dollar Exchange rates News

Chinese yuan weakens to 7.0447 against USD Monday | Indiablooms - First Portal on Digital News Management

Beijing/Xinhua/UNI: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 20 pips to 7.0447 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

6 days indicative negative
Goldman: The Oil Industry Will Never Be The Same After Coronavirus

The unprecedented oil demand plunge in the COVID-19 pandemic is poised to change the oil sector forever, as fewer companies holding high-quality assets emerge after the downturn, Goldman Sachs said on Monday.

5 days conditional negative
US dollar posts biggest weekly fall since 2009

NEW YORK (REUTERS) - The US dollar posted its biggest weekly decline in more than a decade on Friday (March 27), as trillions of dollars worth of stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic.. Read more at

7 days indicative positive
USD/JPY Price Forecast – US Dollar Looking For Its Footing Against Yen

The US dollar has initially plunged against the Japanese yen during the trading session on Monday, but then turned around to show signs of life again. By doing so, it’s very obvious that the market is trying to stabilize near the ¥108 level, an area that has been important in the past.

6 days conditional neutral

5 Chinese Yuan Renminbi to US Dollar Currency converter

5 Chinese Yuan Renminbi to US Dollar Exchange rates

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