Chinese Yuan (CNY)
The yuan, also called the renminbi, is the currency of mainland China and the most traded emerging market currency. The People's Bank of China sets a daily reference rate and allows trading in a narrow band around it.
The latest available mid-market reference is 1 CNY = 0.1496 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Chinese Yuan
China is the world's largest exporter, and the yuan is increasingly used in trade settlement and as a reserve asset. Cross-border use is still limited by capital controls, and the onshore and offshore rates can differ.
A short history
The renminbi was introduced in 1948. The modern exchange rate system dates from 1994, with a managed band introduced in 2005 and revised several times since.
What moves the Chinese Yuan
The daily fixing, China's trade surplus, capital controls and the state of US-China relations. Offshore trading is separate from the onshore market, so the two rates can differ.
Live CNY exchange rate
| Currency | 1 CNY equals |
|---|---|
| US Dollar (USD) | 0.1496 |
| Euro (EUR) | 0.1346 |
| British Pound (GBP) | 0.1125 |
| Japanese Yen (JPY) | 23.8586 |
| Indian Rupee (INR) | 14.0375 |
| Canadian Dollar (CAD) | 0.2130 |
| Australian Dollar (AUD) | 0.2183 |
| Swiss Franc (CHF) | 0.1244 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
CNY conversion pages
Other currency profiles
Chinese Yuan questions
What is the Chinese Yuan?
Chinese Yuan (CNY) is used in the following countries and territories: Mainland China. Central bank: People's Bank of China. Exchange rate regime: managed float with a daily fixing band.
Which countries use the Chinese Yuan?
The Chinese Yuan is used in the following countries and territories: Mainland China.
What affects the Chinese Yuan exchange rate?
The daily fixing, China's trade surplus, capital controls and the state of US-China relations. Offshore trading is separate from the onshore market, so the two rates can differ.