Chinese Renminbi (CNY)

QUOTE AND NEWS
Yahoo  7 hrs ago  Comment 
Asian shares took a breather on Friday, hovering just below 1-1/2-year highs as investors braced for a potentially wobbly session after U.S. President Donald Trump called China "grand champions" of currency manipulation. Over the past month or so,...
SeekingAlpha  10 min ago  Comment 
Financial Times  Feb 16  Comment 
A strong renminbi helps keep Washington sweet and capital in China
Motley Fool  Feb 16  Comment 
The Chinese internet products specialist jumped after a strong quarterly report.
The Economic Times  Feb 15  Comment 
Spot yuan opened at 6.8680 per dollar and was changing hands at 6.8665 at midday, 5 pips softer than the previous late session close and 0.05 per cent weaker than the midpoint.
The Economic Times  Feb 14  Comment 
The People's Bank of China set the midpoint rate at 6.8806 per dollar prior to market open, firmer than the previous fix of 6.8898.
Forbes  Feb 10  Comment 
The monthly China debt watch is over and the verdict is in. China's FX Reserves have officially broken through their $3 trillion floor, returning to levels not seen since 2006. These reserves have been falling relentlessly for 7 months straight,...
Euromoney  Feb 9  Comment 
The growth of renminbi trade has stalled, but it has forced a turning point to how corporates use the Chinese currency.
The Economic Times  Feb 9  Comment 
The People's Bank of China set the yuan midpoint rate at 6.8710 per dollar prior to market open, firmer than the previous fix at 6.8849.




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