Chinese Renminbi (CNY)

QUOTE AND NEWS
Reuters  3 hrs ago  Comment 
REUTERS - Asian currencies were firm on Thursday after the minutes of the U.S. Federal Reserve's last meeting showed policymakers favouring a gradual approach to interest rate hikes, with the yuan hitting two-month highs on state-driven dollar...
The Economic Times  6 hrs ago  Comment 
A struggling overseas offshore market in the renminbi has hurt the usage of the Chinese currency.
Forex News  May 24  Comment 
The Chinese yuan slipped against the US dollar today (though it has trimmed the losses by now) after Moody’s Investor Service made a surprise cut of China’s credit rating for the first time in almost three decades. Moody’s reduced...
The Economic Times  May 23  Comment 
China's yuan weakened against the U.S. dollar on Tuesday, dragged down by strong corporate dollar purchases.
The Economic Times  May 18  Comment 
Revenue from Alibaba's core e-commerce business grew by 47 per cent to 31.6 billion yuan in the quarter.
The Economic Times  May 17  Comment 
PBOC set its official midpoint at 6.8635 per dollar prior to the market open on Wednesday.
The Economic Times  May 16  Comment 
The People's Bank of China set its official midpoint at 6.8790 per dollar prior to the market open.




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