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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 USDA
USDA price conversion tables
Chinese Yuan Renminbi | |
|---|---|
1 | 6.1502 |
2 | 12.3005 |
3 | 18.4508 |
5 | 30.7514 |
10 | 61.5029 |
25 | 153.7574 |
50 | 307.5149 |
100 | 615.02996 |
1,000 | 6,150.2996 |
Chinese Yuan Renminbi | |
|---|---|
1 | 0.1625 |
5 | 0.8129 |
10 | 1.6259 |
20 | 3.2518 |
50 | 8.1296 |
100 | 16.2593 |
200 | 32.5187 |
500 | 81.2968 |
1,000 | 162.5937 |
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Chinese Yuan Renminbi to USDA performance history
Today vs. 24 hours ago
CNY (Chinese Yuan Renminbi) | Today at 8:55 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 CNY | 0.1618 USDA | 0.1652 USDA | -2.15% |
| 5 CNY | 0.809 USDA | 0.8264 USDA | -2.15% |
| 10 CNY | 1.6181 USDA | 1.6528 USDA | -2.15% |
| 50 CNY | 8.09061 USDA | 8.2644 USDA | -2.15% |
| 100 CNY | 16.1812 USDA | 16.5289 USDA | -2.15% |
| 1,000 CNY | 161.8122 USDA | 165.2892 USDA | -2.15% |
Today vs. 30 Days ago
CNY (Chinese Yuan Renminbi) | Today at 8:55 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 CNY | 0.1618 USDA | 0.1666 USDA | -3.00% |
| 5 CNY | 0.809 USDA | 0.8333 USDA | -3.00% |
| 10 CNY | 1.6181 USDA | 1.6666 USDA | -3.00% |
| 50 CNY | 8.09061 USDA | 8.3333 USDA | -3.00% |
| 100 CNY | 16.1812 USDA | 16.6666 USDA | -3.00% |
| 1,000 CNY | 161.8122 USDA | 166.6666 USDA | -3.00% |
Today vs. 1 Year ago
CNY (Chinese Yuan Renminbi) | Today at 8:55 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 CNY | 0.1618 USDA | 0.1499 USDA | +7.34% |
| 5 CNY | 0.809 USDA | 0.7496 USDA | +7.34% |
| 10 CNY | 1.6181 USDA | 1.4992 USDA | +7.34% |
| 50 CNY | 8.09061 USDA | 7.4962 USDA | +7.34% |
| 100 CNY | 16.1812 USDA | 14.9925 USDA | +7.34% |
| 1,000 CNY | 161.8122 USDA | 149.925 USDA | +7.34% |