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Exchange rate CNY - Chinese yuan

The Chinese yuan is the official currency of the People's Republic of China. One yuan divides into ten jiao and one jiao into ten fen.

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Currency exchange
Currency Buy Sell Name Currency code
CNY EUR 0.1370 0.1496 Chinese yuan 1 CNY

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Chinese yuan exchange rate - chart

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Last currency comments

Currency Comments - text 28 Jun 2022 9:08

Currency exchange rates tend to stabilize; the Norwegian krone has its five minutes, and the EUR/USD exchange rate struggles with the 1.06 handle (Daily analysis 28.06.2022)

Currency Comments - text 25 May 2022 11:02

Currencies influenced by macro data, the pound extremely unstable, the dollar at the limits of its weakness? (Daily analysis 25.05.2022)

Currency Comments - text 19 May 2022 9:11

Exchange rates overshadowed by panic in the stock market; dollar gains again (Daily analysis 19.05.2022)

Currency Comments - text 10 May 2022 9:11

The US dollar surges as global equity markets sink (Daily analysis 10.05.2022)

Currency Comments - text 5 May 2022 8:37

Currency exchange rates react to the Fed, EUR/PLN near 4.65, USD plunges (Daily analysis 5.05.2022)

Currency Comments - text 28 Apr 2022 8:17

Exchange rates in the shadow of the dollar's power, EUR/USD breaches pandemic lows, GBP and NOK heavily battered (Daily analysis 28.04.2022)

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Chinese yuan

The Chinese yuan is the official currency of the People's Republic of China. Its international symbol is CNY, although the abbreviation RMB is also used in notations. The yuan is divided into 10 jiao and one jiao into 10 fen.

The Chineses yuan - where is it used?

The Chinese yuan, also called the renminbi, is the official means of payment used in the People's Republic of China. It is also unofficially circulated in other countries such as Macau, Laos, Cambodia, Nepal, Zimbabwe and Myanmar. When travelling to any of these regions, it is a good idea to check the yuan exchange rate.

The history of the Chineses yuan

During the Republic of China from 1912 to 1949, there were many different currencies in circulation within its borders that were denominated in the yuan unit. Each had its own name (e.g. silver yuan, gold yuan or fabi). The Chinese yuan as we know it today was presented in 1948, a few months before the founding of the People's Republic of China. It initially functioned only in paper banknotes and was intended to replace China's other currencies. At that time, China was struggling with hyperinflation, so a revaluation was ordered in 1955. The yuan exchange rate was then set at 10,000 old yuans. The Chinese government controlled the yuan exchange rate so that it was higher than its real value. Thanks to this, goods imported from abroad, including agricultural machinery, were bought at relatively low prices. China released the yuan exchange rate only in the mid-1990s, although preparations had been underway for several years. From then on, the currency's value was determined by supply and demand on the foreign exchange market, although for many years, it was also closely tied to the US dollar.

CNY - key information

The Chinese coins that the population uses most often are 1 and 5 jiao, as well as 1 yuan. Fens, or hundredths of a yuan, are used much less frequently, although they are officially in circulation. They have denominations of 1, 2 and 5 fens. Definitely more popular are the 1, 5, 10, 20, 50 and 100 yuan banknotes. Each depicts the image of Mao Zedong, leader of the People's Republic of China, from 1949 to 1976. Interestingly, there was still the fourth series of banknotes in circulation until May 2019, available in more denominations (including jiao bills). However, it is currently no longer in use.

Check Chinese yuan exchange rate

CNY is one of the most frequently exchanged currencies in the world. In Europe, the yuan exchange rate is of interest mainly to people who are establishing trade relations with China and tourists going to the Middle Kingdom. Yuan is sometimes hardly available in stationary exchange offices. However, you can easily buy them online using our service. With our currency converter, you can quickly convert CNY to EUR or other currency.