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).

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

8 Chinese Yuan Renminbi to British Pound exchange rates chart

8 CNY to GBP exchange rates graph
8 CNY to GBP 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.

8 CNY to GBP exchange rates FAQs

What is 8 CNY to GBP?

The meaning of 8 CNY to GBP is to exchange 8 Chinese Yuan Renminbi to British Pound 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 8 CNY to GBP on the chart below.

Who can exchange 8 CNY to GBP?

Anyone with 8 Chinese Yuan Renminbi can find a local bank or a bureau de change to convert into Chinese Yuan Renminbi. However, if neither CNY nor GBP 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 8 CNY to GBP?

Due to the nature of the forex market, the exchange rates for 8 CNY to GBP 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 8 CNY to GBP?

Most likely you are traveling and want to get some British Pound cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 8 Chinese Yuan Renminbi to British Pound. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 8 CNY to GBP?

Usually you can find a local bank, post office or bureau de change to exchange 8 CNY to GBP. 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 British Pound 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 8 CNY to GBP?

Use the tool we provided here to find the best exchange rates for 8 Chinese Yuan Renminbi to British Pound. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 8 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!

8 CNY to GBP exchange rates table

Exchange CNY to GBP
8 Chinese Yuan Renminbi = 0.909 British Pound
16 Chinese Yuan Renminbi = 1.818 British Pound
40 Chinese Yuan Renminbi = 4.546 British Pound
80 Chinese Yuan Renminbi = 9.092 British Pound
Exchange Chinese Yuan Renminbi to British Pound
8 Chinese Yuan Renminbi to British Pound 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/GBP exchange rate at Thomas Exchange Global in London

8 CNY to GBP exchange rates at Thomas Exchange Global in London
8 Chinese Yuan Renminbi = 0.868 British Pound
Thomas Exchange Global
Thomas Exchange Global

Thomas Exchange Global was established in 1993 and has grown to become one of the leading providers of wholesale, retail, travel and commercial foreign exchange services to businesses and individual private clients in the UK. As a dedicated foreign exchange specialist, we have the professional expertise, in depth market knowledge, technological infrastructure and commitment to provide you with an unprecedented level of service that sets the standard in the foreign exchange industry. We are...

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

8 CNY to GBP exchange rates at Bank of China in Shanghai
8 Chinese Yuan Renminbi = 0.903 British Pound
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...

8 CNY to GBP news tweets

8 CNY to GBP 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
8 CNY to GBP 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
8 CNY to GBP 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
8 CNY to GBP 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
8 CNY to GBP added 1 tweet
2019-05-12 12:43:32 UTC
https://t.co/t6ibKVqSeI Face of IMF and think
8 CNY to GBP added 1 tweet
2019-05-19 05:01:20 UTC
Just done GBPUSD forex signals - cable strategy from major providers: https://t.co/GpZPc3boN7 #forexsignals #gbpusd https://t.co/uFIAF8mSA1
8 CNY to GBP added 1 tweet
2019-05-19 05:25:27 UTC
RT @markets: The fate of the British pound may go from bad to worse as Brexit drama plays out https://t.co/MQbffKGgf0
8 CNY to GBP added 1 tweet
2019-05-19 05:40:57 UTC
Naomi I changed the cars look because of the polo neck on yours in the summer. My British Pound necklace from Bulga… https://t.co/hW3wb22KjK
8 CNY to GBP added 1 tweet
2019-05-19 05:53:39 UTC
@KarvyGrowthHub A) British Pound #CurrencyChronicles #KarvyGrowthHub @KarvyGrowthHub
8 CNY to GBP added 1 tweet
2019-05-19 06:46:48 UTC
RT @markets: The fate of the British pound may go from bad to worse as Brexit drama plays out https://t.co/MQbffKGgf0

8 CNY to GBP news media

8 CNY to GBP 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
8 CNY to GBP 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
8 CNY to GBP added 1 medium
2015-03-21T03:56:58+01:00
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8 CNY to GBP 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
8 CNY to GBP added 1 medium
2015-10-14T14:54:38+02:00
#banknote#papercurrency#currencynote#100yuan#onehundredyuan#chinacurrency#chinayuan#chinamoney#note_senyeow#senyeow2015
8 CNY to GBP added 1 medium
2019-05-17T14:22:06+02:00
#VCI #FOREX #NEWS 🐺⠀ ⠀ ⚠️ #EUR/ #GBP MOVES TO 3-MONTH TOPS NEAR 0.8760 ON #STERLING SELL-OFF⠀ ⠀ 📍GBP-selling keeps fuelling the upside in the cross.⠀ 📍#Brexit cross-party talks ended without deal (as expected).⠀ 📍⠀ #PM May could announce a timetable to leave Number 10.⠀ ⠀ 📍Further selling pressure around the #BritishPound is pushing #EUR/GBP further north of 0.8700 the figure, reaching at the same time fresh 3-month tops.⠀ ⠀ 📍EUR/GBP weaker on Brexit, #trade⠀ ⠀ The European cross keeps edging higher this week, navigating in the area of multi-month tops well beyond the 0.8700 handle against the backdrop of increasing downside pressure in the Sterling and a generalized sour sentiment in the risk-associated space.⠀ ⠀ In fact, US-China trade tensions have been exacerbated as of late after China ruled out the continuation of the negotiations, at least in the near term.⠀ ⠀ On the domestic front and back to Brexit, PM #TheresaMay is expected to announce a timetable for her departure from Number 10, while Labour #leader #J.Corbyn said the party and the government compromise to clinch an agreement ‘have gone as far as they can’, all after cross-party talks ended without any deal.⠀ ⠀ 📍EUR/GBP key levels⠀ ⠀ The cross is up 0.24% at 0.8752 and a break above 0.8792 (200-day SMA) would expose 0.8821 (high Feb.5) and finally 0.8840 (monthly high Feb.14). On the flip side, initial support aligns at 0.8688 (100-day SMA) followed by 0.8604 (55-day SMA) and then 0.8488 (low May 6).
8 CNY to GBP added 1 medium
2019-05-16T18:16:02+02:00
Exploring the RocknRoll Hall of Fame... @domenica_rossi and I expanded our understanding of this incredible band! THE BEATLES USED THEIR GLOBAL INFLUENCE TO IMPACT SEVERAL PROMINENT MOVEMENTS! @kyle.schindler.art @brianpolidixonart and other artists I’ve been working with are out to do the same thing! Be like the Beatles! Learn from history! Learn from the Beatles! Be kind, be passionate, Be TRAN$PARENT! 🎶❤️🙌 #beatles #beatlemania #makeadifference #moneyart #britishpound
8 CNY to GBP added 1 medium
2019-04-16T20:53:38+02:00
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8 CNY to GBP added 1 medium
2019-05-15T08:12:17+02:00
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8 CNY to GBP added 1 medium
2019-05-15T01:29:31+02:00
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8 CNY to GBP 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 ...
Britain's decision to leave the EU sent the pound skidding to a three decade low against the dollar and left many tourists changing ...
pounds to rupees Watch my YouTube video pounds to rupees and learn how to convert GBP to INR. Most of the times i use XE ...
Great Britain is updating their banknotes and the old money notes are no longer accepted. Here is how you can separate and tell ...

8 CNY to GBP 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
Google currency converter suffers glitch, says $1 = N184
Google currency converter suffers glitch, says $1 = N184

There appears to be a major problem with Google currency converter, which listed Nigeria’s local currency, the Naira, as going for as high as N184 to the US

3 months indicative negative

8 CNY to GBP currency converter

8 CNY to GBP exchange rates

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