Have you just come back from
China with some extra Yuan? If you are looking to get the best Yuan to INR rate, then you have arrived at the right place. Convert CNY to INR at best prices with Thomas Cook.
It is rightly said that estimating and arranging the right amount of foreign exchange is crucial for every international traveler. Imagine running out of forex in the middle of your
overseas vacation. It would have ruined the fun and even wasted all your monies. Experienced travelers believe that it is better to be safe than sorry and thus, advise others to carry more than the estimated
INR to CNY. Nobody likes getting stuck in the hassle of finding a reliable forex vendor in a foreign country. Even if they do find one, the exchange rate would be exorbitantly high. Being a smart traveler, you must have carried extra
Chinese Yuan with you, isn’t it?
If you have unused Chinese Yuan that you want to convert to INR, then we have the right solution for you. Thomas Cook not only helps you
buy forex at the most competitive rates but also enables you to convert Yuan to INR at the best prices. We provide CNY to INR conversion service and specialize in finding the best deals on
flights and
hotels worldwide. Whether you are traveling to China or Switzerland, you can rely on us for all your travel requirements. Our experts help you get the most competitive CNY to INR rates and customized holiday packages.
Importance of the CNY -Chinese Yuan
The economic development of China is one of the hot topics. The growing global presence has also led to the advancement of the Chinese currency, CNY (Chinese Yuan ). It is also commonly known as Renminbi (RMB). The symbol of the currency is ¥ and it has been in use since 1949 when it was introduced. The value of CNY is well reflected in the fact that it is one of the reserve currencies of the IMF (International Monetary Fund) since 2015. The term Renminbi was brought by the popular Communist Party of China back in the year 1949 and it means 'People's Money'.
Introduction of the CNY
The Chinese Yuan is managed by the People's Bank of China which is headquartered in Beijing. Currently, the CNY is pegged to the
US Dollar (USD) at a fixed rate of 6.8 CNY/USD. The value of 1 Yuan is equal to 10 Jiao. Both banknotes and coins are minted in the country. The denominations of banknotes are 1, 2, 5, 10, 20, 50, and 100 Yuan and coins have the denominations of 1, 2, and 5 Jiao. The banknotes of CNY are quite interesting as the obverse side displays images of popular leaders like Mao Zedong (leader of the Communist Party), beautiful monuments of the country, and images of historical Importance.
Factors that affect the exchange of the CNY to INR
The
exchange rate is simply the rate at which you get to exchange one currency with the other. Chinese Yuan is pegged to the USD at 6.8 CNY/USD. Hence, changes in the USD also impact the value of the CNY. On the other hand, INR is not pegged to any currency. Exports from China are one of the leading reasons for the advancement of the country. From small items to technologies, China has a production market for all. Other than these, the International oil price, the rate of inflation, commodity prices in the global market, etc. also makes a huge difference in the value of the Chinese Yuan.
Convert CNY to INR Online as per Today’s Conversion Rate
The exchange rate of CNY to INR changes often since these two are not pegged to each other. Currently, the exchange rate of CNY-INR is 11.87 INR/CNY. This means you need to pay INR 11.87 to get 1 CNY. Here is an example for better understanding: Nidhi works in foreign services in China. She has to transfer ¥15,000 to her family residing in India. Since today's CNY to INR rate is INR 11.87/CNY, Nidhi's family in India will receive INR 178,050. It is advised to properly check and calculate the amount as per the latest rates to take a more practical decision.
Convert CNY to INR
Currency conversion becomes easier when you have already done a rough calculation. However, using a manual method can consume a lot of time that you can utilise for other work. So, here is the currency converter for you that gives you results in absolutely no time. A currency converter is an online tool that allows you to make quick calculations regarding currency conversion as per the latest rates. So, in the case of CNY to INR also, you can use the calculator and check different results with different inputs. As per today's rate, which is INR 11.87/USD, the calculations that you may get are:
1 CNY = INR 11.87
100 CNY = 1,187 INR
1,000 CNY = 11,870 INR, and
INR 1= 0.084 CNY
INR 1,000= 84 CNY
INR 10,000= 840 CNY.
How are CNY-INR Rates Determined?
There are various reasons that impact an economy and on the basis of these economic changes, the exchange rate also varies if not pegged. CNY and INR are not pegged to each other. Their exchange rate keeps on fluctuating and these rates are determined by the national banks of the countries. The Reserve Bank of India and the People's Bank of China are the two institutions that collaborate and fix the exchange rate of CNY to INR and vice-versa. If you have plans to convey your currency to any other currency, like CNY to INR, you may take the help of a currency calculator for better accuracy.
CNY and INR Overview
China is a fast-growing economy with its products and technology teaching various corners of the world. India, on the other hand, is another leading Asian economy and China’s competition. Both countries share a trade market. China has also devalued its currency which has hiked the reach of its products globally and increased its overall revenue. India has also undergone demonetisation recently, in the year 2016, and introduced new banknotes to eradicate corruption and related problems. Both of these Asian superpowers have a strong currency value and if you are looking to convert CNY-INR, you may try the currency converter for quick calculations.
Disclaimer: The figures are for illustrations only, as the currency rates are subject to change.
