CNY - Yuan ou renminbi chinois

The Yuan ou renminbi chinois is the currency of Chine. Our currency rankings show that the most popular Yuan ou renminbi chinois exchange rate is the CNY to USD rate. The currency code for Yuan Renminbi is CNY, and the currency symbol is ¥. Below, you'll find Yuan ou renminbi chinois rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the Xe Currency Blog, or take CNY rates on the go with our Xe Currency Apps and website.

Early Currency in China
With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued.

Introduction of the Gold Yuan and Chinese Yuan Renminbi
The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan.

The Renminbi in Foreign Exchange
During the command economy, the Chinese Yuan Renminbi was set to unrealistic exchange values and as a result, severe currency guidelines were put in place. When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately 8.3 CNY to 1 USD. In 2005, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to 8.1 Renminbi per US dollar. The Chinese government launched a pilot program in 2009, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar. As a managed float, the Renminbi's value is determined by a basket of foreign currencies.

Yuan ou renminbi chinois Stats

NameYuan ou renminbi chinois
Symbol¥
Minor unit1/10 = Jiao
Minor unit symbol
Inflation1,60 %
Top CNY conversionCNY to USD
Top CNY chartCNY to USD chart

Yuan ou renminbi chinois Profile

Nicknameskuài, Mao
CoinsFreq used: ¥1, 5角, 1角
Bank notesFreq used: ¥5, ¥10, ¥20, ¥50, ¥100, ¥1
Rarely used: ¥2, 2角, 5角, 1角
Central bankBanque populaire de Chine
Users
Chine

Taux de change en direct

DeviseTauxModifier
EUR / USD1,21090
GBP / EUR1,16515
USD / JPY109,655
GBP / USD1,41087
USD / CHF0,898296
USD / CAD1,21588
EUR / JPY132,781
AUD / USD0,770848

Taux de la banque centrale

DeviseInterest Rate
JPY-0,10 %
CHF-0,75 %
EUR0,00 %
USD0,25 %
CAD0,25 %
AUD0,10 %
NZD0,25 %
GBP0,10 %