Currency Rate Chinese Yuan to USD
Our Currency Rate CNY latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the CNY. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
CN¥ 0.130986
Selling rate
CN¥0.148571
The Chinese Yuan Renminbi, commonly abbreviated as CNY, is the official currency of the People's Republic of China. Known locally as the "renminbi," the CNY is symbolized as "¥" or "元." Introduced in 1949, the renminbi replaced the old Chinese yuan at a rate of 10,000 old yuan = 1 renminbi, marking China's transition to a unified currency system.
Currency Details
Symbol: ¥ or 元
ISO Code: CNY
Subunits: 1 Yuan = 10 jiao or 100 fen (subunits are rarely used)
Banknotes and Coins
The CNY is available in both coins and banknotes:
Coins:
1 jiao (0.1 yuan)
5 jiao (0.5 yuan)
1 yuan
2 yuan
5 yuan
Banknotes:
1 yuan
5 yuan
10 yuan
20 yuan
50 yuan
100 yuan
History and Background
The Chinese Yuan Renminbi has a complex history, beginning with the introduction of the yuan as the official currency during the Qing Dynasty. The modern renminbi was established in 1949 after the Communist Party took control of China and unified the currency.
Economic Significance
The CNY is central to China's economy, facilitating trade, investment, and economic development. China has the world's second-largest economy, driven by manufacturing, agriculture, services, and increasingly, technology and innovation. The renminbi's value is influenced by various factors, including China's economic policies, international trade relations, and global market conditions.
Usage and Exchange
The CNY is widely accepted across China for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for renminbi is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Currency Details
Symbol: ¥ or 元
ISO Code: CNY
Subunits: 1 Yuan = 10 jiao or 100 fen (subunits are rarely used)
Banknotes and Coins
The CNY is available in both coins and banknotes:
Coins:
1 jiao (0.1 yuan)
5 jiao (0.5 yuan)
1 yuan
2 yuan
5 yuan
Banknotes:
1 yuan
5 yuan
10 yuan
20 yuan
50 yuan
100 yuan
History and Background
The Chinese Yuan Renminbi has a complex history, beginning with the introduction of the yuan as the official currency during the Qing Dynasty. The modern renminbi was established in 1949 after the Communist Party took control of China and unified the currency.
Economic Significance
The CNY is central to China's economy, facilitating trade, investment, and economic development. China has the world's second-largest economy, driven by manufacturing, agriculture, services, and increasingly, technology and innovation. The renminbi's value is influenced by various factors, including China's economic policies, international trade relations, and global market conditions.
Usage and Exchange
The CNY is widely accepted across China for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for renminbi is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.