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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 Infrared
Infrared price conversion tables
Chinese Yuan Renminbi | |
|---|---|
1 | 0.04848 |
2 | 0.09696 |
3 | 0.1454 |
5 | 0.2424 |
10 | 0.4848 |
25 | 1.212 |
50 | 2.424 |
100 | 4.848 |
1,000 | 48.4805 |
Chinese Yuan Renminbi | |
|---|---|
1 | 20.6268 |
5 | 103.1341 |
10 | 206.2682 |
20 | 412.5364 |
50 | 1,031.3411 |
100 | 2,062.6822 |
200 | 4,125.3644 |
500 | 10,313.411 |
1,000 | 20,626.822 |
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Chinese Yuan Renminbi to Infrared performance history
Today vs. 24 hours ago
CNY (Chinese Yuan Renminbi) | Today at 5:59 AM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 CNY | 20.627 IR | 15.5714 IR | +24.50% |
| 5 CNY | 103.1353 IR | 77.8573 IR | +24.50% |
| 10 CNY | 206.2706 IR | 155.7147 IR | +24.50% |
| 50 CNY | 1,031.3531 IR | 778.5736 IR | +24.50% |
| 100 CNY | 2,062.7062 IR | 1,557.1473 IR | +24.50% |
| 1,000 CNY | 20,627.0627 IR | 15,571.473 IR | +24.50% |
Today vs. 30 Days ago
CNY (Chinese Yuan Renminbi) | Today at 5:59 AM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 CNY | 20.627 IR | 12.06418 IR | +41.51% |
| 5 CNY | 103.1353 IR | 60.3209 IR | +41.51% |
| 10 CNY | 206.2706 IR | 120.6418 IR | +41.51% |
| 50 CNY | 1,031.3531 IR | 603.209 IR | +41.51% |
| 100 CNY | 2,062.7062 IR | 1,206.4181 IR | +41.51% |
| 1,000 CNY | 20,627.0627 IR | 12,064.1814 IR | +41.51% |
Today vs. 1 Year ago
CNY (Chinese Yuan Renminbi) | Today at 5:59 AM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 CNY | 20.627 IR | 0.6802 IR | +96.70% |
| 5 CNY | 103.1353 IR | 3.4013 IR | +96.70% |
| 10 CNY | 206.2706 IR | 6.8027 IR | +96.70% |
| 50 CNY | 1,031.3531 IR | 34.0136 IR | +96.70% |
| 100 CNY | 2,062.7062 IR | 68.02721 IR | +96.70% |
| 1,000 CNY | 20,627.0627 IR | 680.2721 IR | +96.70% |