Russian Ruble

Russian Ruble

The Russian ruble or rouble (Russian: рубль rublʹ, plural: рубли́ rubli; sign: ₽, руб; code: RUB) is the currency of the Russian Federation, the two partially recognized republics of Abkhazia and South Ossetia and the two unrecognized republics of Donetsk and Luhansk. The ruble is subdivided into 100 kopeks (sometimes written as kopecks or copecks; Russian: копе́йка kopeyka, plural: копе́йки kopeyki). The ruble was the currency of the Russian Empire and of the Soviet Union (as the Soviet ruble). Today, apart from Russia, Belarus and Transnistria use currencies with the same name. The ruble was the world's first decimal currency: it was decimalised in 1704 when the ruble became equal to 100 kopeks.In 1992 the Soviet ruble (code: SUR) was replaced with the Russian ruble (code: RUR) at the rate 1 SUR = 1 RUR. In 1998 preceding the financial crisis, the Russian ruble was redenominated with the new code "RUB" and was exchanged at the rate of 1 RUB = 1,000 RUR.

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).

9 Russian Ruble to Chinese Yuan Renminbi exchange rates chart

9 RUB to CNY exchange rates graph
9 RUB 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.

9 RUB to CNY exchange rates table

Exchange RUB to CNY
9 Russian Ruble = 0.928 Chinese Yuan Renminbi
18 Russian Ruble = 1.855 Chinese Yuan Renminbi
45 Russian Ruble = 4.638 Chinese Yuan Renminbi
90 Russian Ruble = 9.276 Chinese Yuan Renminbi
Exchange Russian Ruble to Chinese Yuan Renminbi
9 Russian Ruble 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.

Best RUB/CNY rate at Bank of China in Shanghai

9 RUB to CNY exchange rates at Bank of China in Shanghai
9 Russian Ruble = 0.876 Chinese Yuan Renminbi
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...

Best RUB/CNY rate at Lanta Bank in Moscow

9 RUB to CNY exchange rates at Lanta Bank in Moscow
9 Russian Ruble = 0.865 Chinese Yuan Renminbi
Lanta Bank
Lanta Bank

JSCB "Lanta-Bank" (JSC) was found on June 24, 1992 Following the strategy of the universal credit organization development the Bank is constantly working at the resource base increasing and the complex of rendered services widening, improving risk management system and analytical base. The Bank is constantly widening its scope of work at the equities market, increasing its credit portfolio and widening its presence at the inter-bank market, strengthening its position at the precious metals...

9 RUB to CNY exchange rates news

Roscosmos losing space market share

A recent series of technical problems has hit the reputation of Russia's State Corporation for Space Activities (Roscosmos). Besides, the company blames tough foreign competition, weak ruble and limited access to modern technologies due to Western sanctions for failing to implement the export plan for 2017.

indicative negative
Decriminalization of domestic violence was a mistake – Russian ombudsman

Russian Legal Information Agency (RAPSI).

conditional negative
Tesla says cuts price for Model X, S in China

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

conditional neutral

9 RUB to CNY currency converter