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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 Sonic
Sonic price conversion tables
Chinese Yuan Renminbi | |
|---|---|
1 | 0.02604 |
2 | 0.05209 |
3 | 0.07814 |
5 | 0.1302 |
10 | 0.2604 |
25 | 0.6511 |
50 | 1.3023 |
100 | 2.6047 |
1,000 | 26.04765 |
Chinese Yuan Renminbi | |
|---|---|
1 | 38.3911 |
5 | 191.9558 |
10 | 383.9116 |
20 | 767.8233 |
50 | 1,919.5584 |
100 | 3,839.1168 |
200 | 7,678.2336 |
500 | 19,195.584 |
1,000 | 38,391.168 |
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Chinese Yuan Renminbi to Sonic performance history
Today vs. 24 hours ago
CNY (Chinese Yuan Renminbi) | Today at 6:58 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 CNY | 38.4024 SONIC | 38.4024 SONIC | -- |
| 5 CNY | 192.01228 SONIC | 192.01228 SONIC | -- |
| 10 CNY | 384.02457 SONIC | 384.02457 SONIC | -- |
| 50 CNY | 1,920.1228 SONIC | 1,920.1228 SONIC | -- |
| 100 CNY | 3,840.2457 SONIC | 3,840.2457 SONIC | -- |
| 1,000 CNY | 38,402.4577 SONIC | 38,402.4577 SONIC | -- |
Today vs. 30 Days ago
CNY (Chinese Yuan Renminbi) | Today at 6:58 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 CNY | 38.4024 SONIC | 38.4024 SONIC | -- |
| 5 CNY | 192.01228 SONIC | 192.01228 SONIC | -- |
| 10 CNY | 384.02457 SONIC | 384.02457 SONIC | -- |
| 50 CNY | 1,920.1228 SONIC | 1,920.1228 SONIC | -- |
| 100 CNY | 3,840.2457 SONIC | 3,840.2457 SONIC | -- |
| 1,000 CNY | 38,402.4577 SONIC | 38,402.4577 SONIC | -- |
Today vs. 1 Year ago
CNY (Chinese Yuan Renminbi) | Today at 6:58 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 CNY | 38.4024 SONIC | 125.7387 SONIC | -227.43% |
| 5 CNY | 192.01228 SONIC | 628.6935 SONIC | -227.43% |
| 10 CNY | 384.02457 SONIC | 1,257.3871 SONIC | -227.43% |
| 50 CNY | 1,920.1228 SONIC | 6,286.9357 SONIC | -227.43% |
| 100 CNY | 3,840.2457 SONIC | 12,573.8714 SONIC | -227.43% |
| 1,000 CNY | 38,402.4577 SONIC | 125,738.7149 SONIC | -227.43% |