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NewBuy, Sell or Transfer Chinese Yuan Remnibi (CNY) in India at the best exchange rates.
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
At Thomas Cook, we understand the importance of an enjoyable vacation and hence, our experts constantly strive to improve the user experience. We offer the best deals on hotels , flights , and the conversion of INR to Yuan. We take pride in being one of the world’s most reliable travel partners. Business, as well as leisure travelers from across the globe, trust us for all their travel and forex requirements.
To find the live 1 INR to CNY conversion rate, you can visit our online currency converter and eliminate the complicated math that is involved in forex. Using this tool can tell you the real-time INR to Chinese Currency rate and help you understand the exact amount you are spending in China. The online tool is available 24x7 and can help you throughout your trip in China.
CNY also called as Chinese yuan renminbi is the official currency of the People’s Republic of China . The Chinese yuan renminbi means the ‘people’s currency’. In the Chinese yuan renminbi, the term renminbi indicates the name of the currency and the term yuan indicates the primary unit of the currency. The symbol of the Chinese yuan renminbi is CN¥. The Chinese yuan renminbi is traded globally at 8th rank.
The Renminbi was introduced in the year 1948. The Renminbi is also abbreviated as RMB however it is not the official currency code of the currency. The Hong Kong exchange markets where the currency is traded at floating rate use CNH (unofficial currency code) for the Chinese yuan renminbi. The People’s Bank of China is responsible for the minting and circulation of the Chinese currency. In 1948 the Chinese yuan renminbi currency notes were printed. Today currency circulation denominations in banknotes are CN¥ 0.1, CN¥ 0.2, CN¥ 0.5, CN¥ 1, CN¥ 2, CN¥ 5, CN¥ 10, CN¥ 20, CN¥ 50, and CN¥ 100. The coins are minted in the denominations of CN¥ 0.01, CN¥ 0.02, CN¥ 0.05, CN¥ 0.1, CN¥ 0.5, and CN¥ 1. In the Chinese yuan renminbi, Yuan in Chinese refers to ‘round’. It is also referred to as the ‘redback’. In the year 2019, the People’s Bank of China announced a digital renminbi called Digital Currency Electronic Payment (DCEP) that was going to be released soon.
The Chinese yuan renminbi is one of the most traded currencies in the world. The exchange rates of the currencies are fluctuating. The fluctuation between the CNY and INR is caused by various factors as:
1. The prevailing inflation rates,
2. The economic roadmap of the countries,
3. The political spectrum and stability in the countries,
4. The terms of trade between both countries,
5. The demand for the currencies, and
6. The supply of the currencies.
The conversion of the Chinese yuan renminbi to the Indian Rupee can be done using online currency exchange calculators or can be done manually. Let us understand the currency conversion with the help of an example. Let us convert 500 CNY to Indian Currency.
Today’s exchange Rate is 1 CNY = 11.82 INR i.e., the value of 1 Chinese yuan is equal to 11.82 Indian Rupees.
Thus, in this manner, the currency conversion is done manually.
Above with the help of an illustration we understood the currency conversion of the Chinese Yuan to the Indian Rupee. Let us now understand the conversion of the Indian Rupee to the Chinese Yuan. The currency conversion between INR to CNY is dependent on today’s currency exchange rate.
1 INR = 0.085 CNY
So, 100 INR will be equal to 8.46 CNY
Thus, in this manner, the currency conversion takes place between two currencies. The most important aspect of currency conversion is the current exchange rate. However, the currency exchange rate is always fluctuating so it is best to check the current rate to get the best deal.
The Chinese yuan renminbi and the Indian Rupee are one of the most traded currencies in the foreign exchange market. The rate at which these currencies are to be traded is decided by the central banks of both currencies. For the Chinese yuan renminbi, the People’s Bank of China determines the rate. While the Indian Rupee exchange rate is determined by the Reserve Bank of India.
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