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About Chinese Yuan Renminbi (CNY)
What Is the Chinese Yuan (CNY)?
The renminbi (RMB), with the unit named yuan, is the official currency of the People's Republic of China. It is issued by the People's Bank of China. The yuan is the only legal tender in mainland China (with limited use in special administrative regions). In recent years, China has gradually opened up its currency: by 2022 the CNY had become the fifth-most-traded currency globally and was included in the IMF's Special Drawing Rights basket. Domestically, the yuan is tightly managed by the central bank, but it increasingly underpins trade with China's major trading partners.
What Is China's Digital Yuan (e-CNY)?
China has launched a central bank digital currency (CBDC) called the digital yuan or e-CNY. This electronic form of the renminbi is issued by the People's Bank of China and is designed to be fully equivalent to physical yuan (1 e-CNY = 1 CNY). It can be used for everyday payments via apps and has been tested extensively across the country. The e-CNY is being integrated with major payment platforms and has even been piloted for cross-border use (for example, with Hong Kong). In effect, the digital yuan represents China's move toward modernizing its currency system and potentially extending the reach of the CNY in international transactions, though it remains backed by the national monetary authority.
How to convert Chinese Yuan Renminbi to GEODNET
GEODNET price conversion tables
Chinese Yuan Renminbi | |
|---|---|
1 | 1.6424 |
2 | 3.2848 |
3 | 4.9272 |
5 | 8.212 |
10 | 16.4241 |
25 | 41.06047 |
50 | 82.1209 |
100 | 164.2419 |
1,000 | 1,642.419 |
Chinese Yuan Renminbi | |
|---|---|
1 | 0.6088 |
5 | 3.04429 |
10 | 6.08858 |
20 | 12.1771 |
50 | 30.4429 |
100 | 60.8858 |
200 | 121.7716 |
500 | 304.429 |
1,000 | 608.858 |
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Chinese Yuan Renminbi to GEODNET performance history
Today vs. 24 hours ago
CNY (Chinese Yuan Renminbi) | Today at 9:58 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 CNY | 0.606 GEOD | 0.6289 GEOD | -3.78% |
| 5 CNY | 3.0303 GEOD | 3.1446 GEOD | -3.78% |
| 10 CNY | 6.0606 GEOD | 6.2893 GEOD | -3.78% |
| 50 CNY | 30.303 GEOD | 31.4465 GEOD | -3.78% |
| 100 CNY | 60.606 GEOD | 62.893 GEOD | -3.78% |
| 1,000 CNY | 606.0606 GEOD | 628.9308 GEOD | -3.78% |
Today vs. 30 Days ago
CNY (Chinese Yuan Renminbi) | Today at 9:58 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 CNY | 0.606 GEOD | 0.4878 GEOD | +19.51% |
| 5 CNY | 3.0303 GEOD | 2.439 GEOD | +19.51% |
| 10 CNY | 6.0606 GEOD | 4.878 GEOD | +19.51% |
| 50 CNY | 30.303 GEOD | 24.3902 GEOD | +19.51% |
| 100 CNY | 60.606 GEOD | 48.7804 GEOD | +19.51% |
| 1,000 CNY | 606.0606 GEOD | 487.8048 GEOD | +19.51% |
Today vs. 1 Year ago
CNY (Chinese Yuan Renminbi) | Today at 9:58 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 CNY | 0.606 GEOD | 1.1775 GEOD | -94.31% |
| 5 CNY | 3.0303 GEOD | 5.8878 GEOD | -94.31% |
| 10 CNY | 6.0606 GEOD | 11.7757 GEOD | -94.31% |
| 50 CNY | 30.303 GEOD | 58.8789 GEOD | -94.31% |
| 100 CNY | 60.606 GEOD | 117.7578 GEOD | -94.31% |
| 1,000 CNY | 606.0606 GEOD | 1,177.5788 GEOD | -94.31% |