Mauritian Rupee

Mauritian Rupee

The rupee (sign: ₨; ISO 4217 code: MUR; pronunciation: [ʁupi]) is the currency of Mauritius. One rupee is subdivided into 100 cents. Several other currencies are also called rupee.

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).

5 Mauritian Rupee to Chinese Yuan Renminbi exchange rates chart

5 MUR to CNY exchange rates graph
5 MUR to CNY 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 MUR to CNY exchange rates table

Exchange MUR to CNY
5 Mauritian Rupee = 1.003 Chinese Yuan Renminbi
10 Mauritian Rupee = 2.006 Chinese Yuan Renminbi
25 Mauritian Rupee = 5.016 Chinese Yuan Renminbi
50 Mauritian Rupee = 10.031 Chinese Yuan Renminbi
Exchange Mauritian Rupee to Chinese Yuan Renminbi
5 Mauritian Rupee to Chinese Yuan Renminbi 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 MUR to CNY exchange rates news

Mauritius bourse looks to entice African issuers with new index

PORT LOUIS (Reuters) - The Stock Exchange of Mauritius will launch a new index next month dedicated to African firms to attract more issuers from

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Mauritius bourse looks to entice African issuers with new index

The Stock Exchange of Mauritius will launch a new index next month dedicated to African firms to attract more issuers from the continent, its chief executive said.

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India extends $100 million line of credit to Mauritius

Mauritius is one of Indias closest partners in the IOR and also has close links with France. It will be a key pillar in Indo-French partnership in IOR, officials said.

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Mauritius President Quits After Clash Over Shopping Expenses

Mauritian President Ameenah Gurib-Fakim, the island nation’s first woman head of state, quit in the wake of a scandal over a shopping expenses that led to a breakdown in her relationship with the prime minister.

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Tesla says cuts price for Model X, S in China

BEIJING/SHANGHAI (Reuters) - Tesla Inc is...

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5 MUR to CNY currency converter