Chinese Renminbi (CNY)

QUOTE AND NEWS
The Economic Times  2 hrs ago  Comment 
The daily official midpoint, guided by the People's Bank of China, was fixed at a more than two-month high of 6.8525 per dollar, 467 pips or nearly 0.7 per cent stronger than the previous fix of 6.8992.
Financial Times  2 hrs ago  Comment 
PBoC sets midpoint of trading band at highest level since mid-November
Forbes  Jan 17  Comment 
Eric Yuan left Cisco in 2011 to build his own new version of WebEx. Now his video conferencing startup Zoom is valued at $1 billion after a $100 million investment by VC firm Sequoia Capital.
Reuters  Jan 17  Comment 
China will not devalue its yuan, also known as the renminbi, or start a trade war, President Xi Jinping said on Tuesday.
The Economic Times  Jan 17  Comment 
The People's Bank of China set the midpoint rate at 6.9141 per dollar prior to market open, firmer than the previous fix 6.9235.
Reuters  Jan 16  Comment 
China should stop intervening in the foreign exchange market, devalue the yuan and let it float freely to restore stability, a senior researcher at a government-backed think tank said.
DailyFinance  Jan 12  Comment 
Filed under: Finance, World The strength of the US dollar is forcing China down a path it has been trying to avoid for years, pushing it to slow the money machine that has propelled its economy since 2008. The course of this path could mean...
newratings.com  Jan 12  Comment 
BEIJING (dpa-AFX) - China's yuan loans rose strongly in December, exceeding economists' expectations by a wide margin, data from the People's Bank of China showed Thursday. New yuan loan rose to CNY 1.04 trillion from CNY 794.6...
Reuters  Jan 12  Comment 
SINGAPORE - Sentiment towards most emerging Asian currencies improved in recent weeks, a Reuters poll showed on Thursday, with bearish bets against China's yuan falling to the smallest level in three months after Beijing clamped down on capital...




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