Chinese Renminbi (CNY)

QUOTE AND NEWS
Reuters  7 hrs ago  Comment 
Emerging Asian currencies bulls stepped back during the last two weeks with bearish sentiment on China's yuan, a Reuters poll showed.
The Economic Times  10 hrs ago  Comment 
The spot yuan opened at 6.5000 per dollar and hit an intraday low of 6.5014. It then strengthened and was changing hands at 6.4905 at midday.
newratings.com  Apr 27  Comment 
BEIJING (dpa-AFX) - China's industrial profits logged a double-digit expansion in March, data from the National Bureau of Statistics showed Wednesday. Industrial profits climbed 11.1 percent from a year ago to CNY 561.24 billion in March....
The Hindu Business Line  Apr 25  Comment 
China’s displeasure over the dollar’s supremacy in global financial markets is no secret. The Chinese feel the yuan should rightfully be the preferred reserve currency of all nations. In yet another ...
Clusterstock  Apr 25  Comment 
By Marc Jones LONDON (Reuters) - Global investors are expected to pull $538 billion out of China's slowing economy in 2016, the Institute of International Finance estimated on Monday, although the pace of outflows has dropped. That number would...
The Economic Times  Apr 25  Comment 
The Chinese currency opened at 6.5051 per dollar versus the previous close at 6.5015, hitting an intraday low of 6.5100 in early trade - its weakest level since late March.
The Australian  Apr 22  Comment 
China’s falling currency will drive greater demand for Australian residential property, a new survey says.




RELATED WIKI ARTICLES
 


You could also be looking for ETN Market Vectors Chinese Renminbi/USD ETN (CNY)

The Chinese Renminbi ("人民币"), the official currency of the People's Republic of China, is issued by the People's Bank Of China (“中国人民银行”, a.k.a. PBOC), the monetary authority of the PRC. Though commonly used interchangeably, the Yuan is in fact the principle currency unit within the Renminbi. The units for the Renminbi are the Yuan (元), Jiao (角), Fen (分), where 1 Yuan = 10 Jiao = 100 Fen. The Yuan is the primary unit of the Renminbi. The Chinese Renminbi literally means the "People's Currency".

Abbreviations for the Renminbi include RMB, CNY.

The value of the RMB had historically been pegged to the U.S. dollar, but since 2005, the Renminbi exchange rate has been allowed to float around a fixed base rate. The base rate is determined by the PBOC, with a reference to a basket of world currencies.

RMB notes are available in the following amounts: 100, 50, 20, 10, 5, and 1 yuan, and beneath the 1-yuan level at 5 Jiao and 1 Fen.

For a discussion of its revaluation, see Revaluing the Yuan.

The chart at left shows the USD/CNY currency pair; the number of Chinese Renminbi equivalent to 1 U.S. Dollar (USD).

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki