This cnyinr chart lets you see this pairs currency rate history for up to 10 years. Yuan was first introduced in 1889, and remained as the national currency until 1949. Indian rupee meanwhile is more correlated with chinese yuan than. Jun 28, 2012 future tendency for rmb exchange rate posted on june 28, 2012 by john dudovskiy according to goodhart and xu 1996, p. It is the official currency of malaysia since 1975. Chinas government tightly controlled its monetary base before 2009, but recently, the country has opened up its currency in an effort to internationalize it. Historical data usd to inr from 1947 to 2019 1 us dollar. Convert chinese yuan renminbi rmb to indian rupee inr using this free currency converter.
The rupee consolidated in a narrow range as gains were restricted by sustained foreign fund outflows and robust selling in domestic equities. Rupee, like other asian currencies but to a lesser degree, continues to follow the yuan in its. If you believe that exchanging 1 usd to inr in 1947 would have got you 1 rupee exactly, then, sadly, thats not true reason being when india got her independence in the year 1947, there were no outstanding credits on the balance sheet of india that kept. Financial charts and chart software for forex, commodities, stocks, stock indices and cryptocurrencies.
Conversion is calculated using the highest cnyinr selling rate across india. The renminbi is classified as a fixed exchange rate currency with reference to a basket of currencies, which has drawn attention from nations which have freely floated currency and has become a source of trade friction with western nations. What is difference between renminbi rmb and yuan chinese. Data from 1971 to 199192 are based on official exchange rates. Cnyusd currency exchange rate chart historical data. Jun 24, 2015 the rupee has proven to be a dismal investment so far this decade, slumping 38 percent over the past 5 years and far underperforming the yuans near 10 percent gain over the same period.
Imagine a country decided to use silver as its official currency. About rmb the renminbi is regarded as the official currency of china and translates to something similar to the peoples currency, just as name of the country is the peoples republic of china. From 1997 to 2005, the chinese government pegged the rmb to the united states currency at about 8. Senate that would add tariffs to countries most notably china found to be undervaluing their currency. Convert cny to inr, inr to cny converter currency converter.
What is the difference between the chinese yuan and renminbi. Thus, we can say that official chinese currency is known as renminbi. Cny to inr convert chinese yuan to indian rupee cny to. Export to excel export this data to a csv file which can be imported by microsoft excel. Difference between rmb and yuan difference between. Chinese yuan renminbicny to indian rupeeinr on 26 jan. Future tendency for rmb exchange rate posted on june 28, 2012 by john dudovskiy according to goodhart and xu 1996, p. Renminbi is the official name for the currency, and yuan is the main unit of that currency. Chinese yuan renminbi exchange rates for more than 190 currencies in the world. It is released by china people bank, chinas reserve bank. The chinese yuan is also known as yuans, rmb, and renminbi. This is the page of currency pairs on 26 jan 2020, chinese yuan renminbi cny convert to indian rupee inr.
Since currency flows in and out of mainland china are still restricted, rmb traded in offshore markets, such as the hong kong market, can have a different value to rmb traded on the mainland. Aug 19, 2015 the renminbi is the official currency of the peoples republic of china, and translates to peoples money. Year 2015 chinese yuanindian rupee cny inr rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. Renminbi is the unit of currency, and yuan can be refered to as the unit of account. The offshore rmb market is usually denoted as cnh, but there is another rmb interbank and spot market in taiwan for domestic trading known as cnt. It was issued by the peoples bank of china and was introduced by the communist government of the peoples republic of china for the first time as. At the interbank foreign exchange, the indian rupee opened on a higher note at 73.
Sep 07, 2011 the chinese currency, or renminbi rmb, has been a contentious issue for the past several years. By means of purchasing power parity ppp, the indian economy is the fourth largest in the world. Future tendency for rmb exchange rate research methodology. The following shows that days exchange rate of the currency pairs. Rupee now appears to be heading to its record low against the dollar amid escalating trade tensions. China money, china currency converter, rmb conversion rate. Whats the difference between the renminbi and the yuan.
Invert the table to see hong kong dollars per 1 chinese yuan renminbi. Chinese yuan cny to indian rupee inr exchange rate history. Chinese yuan renminbi exchange rate hong kong dollar. This is an online currency conversion tool with which you could convert the inr indian rupee to rmb chinese yuan renminbi cny exchange rate. Rmb is the official name of the currency used in china.
Year 2016 chinese yuan indian rupee cnyinr rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. Cny inr currency exchange from chinese yuan renminbi to indian rupee with cny inr rate, cny inr converter, cny inr chart and cny inr history along with converting cny. If you would like to view historical exchange rates between the chinese yuan renminbi and another currency, please select a currency from the list below. Exchange rate history of the indian rupee wikipedia. The basic unit is the yuan also known as kuai, which equals 10 jiao or mao, which is then divided into 10 fen.
Rmb to inr currency converter chinese yuan renminbi to. Usdcnh us dollar vs chinese yuan usd cnh historical forex. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. The official currency in china is the renminbi rmb or cny or in chinese renminbi. Exchange renminbi rmb currency, buy forex card or send money to china easily. The chinese yuan is divided into 10 jiao or 100 fen. Renminbi became the national currency of china in 1949. Chinese people often refer to yuan as kuai, jiao as mao. Invert the table to see chinese yuan renminbi per 1 indian rupee. Visit indian rupee inr to chinese yuan renminbi cny on 26 jan 2020 26012020. Same thing is wdr or western digital ren stands for the wai di rens mandarin ping yin, which refers to anyone that is chinese but not from shanghai. This is the chinese yuan cny to indian rupee inr exchange rate history summary page, detailing 180 days of. The table currently shows historical exchange rates for chinese yuan renminbi per 1 hong kong dollar. Its international symbol is cny or cnh in hong kong.
Us dollar to chinese yuan renminbi usdcny 5 years forex. Inr to rmb currency conversion rate indian rupee to chinese. Year 2015 chinese yuanindian rupee cnyinr rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. This is the chinese yuan cny to indian rupee inr exchange rate history summary page, detailing 180 days of cny inr historical data from tuesday 2008. Us dollar usd to chinese yuan cny exchange rate history. Year 2008 indian rupee chinese yuan inrcny rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year.
Forex traders said the rupee is trading in a narrow range as losses in the. Convert cny to inr online using currency converter on the economic times. Cny usd currency exchange rate chart historical data. Chinese yuan cny and indian rupee inr year 2015 exchange. This inrcny chart lets you see this pairs currency rate history for up to 10 years. The indian economy is the tenth largest in the world. As given above, the unit of renminbi is yuan and the smaller, jiao and fen. The renminbi is the official currency of the peoples republic of china, and translates to peoples money. This is issued by peoples bank of china and is the sole legal tender in china. The table currently shows historical exchange rates for indian rupees per 1 chinese yuan renminbi. Most recently, members of congress have suggested tying china currency legislation to the upcoming. Banks and other providers often set their own, unfriendly. Cny inr chinese yuan renminbi to indian rupee currency. Historical date, chinese yuan, indian rupee, analysis.
Renminbi currency value is a debate affecting the chinese currency unit, the renminbi chinese. This is a list of tables showing the historical timeline of the exchange rate for the indian rupee inr against the special drawing rights unit sdr, united states dollar usd, pound sterling gbp, deutsche mark dm, euro eur and japanese yen jpy. Simply book your order to an online cny to inr conversion and pick up your. This is a list of tables showing the historical timeline of the exchange rate for the indian rupee. You will first have to calculate the value of rupees in pounds and then convert to dollars. It is linked to renminbi, just as the dollar is to usd. For the people living in china, the difference between the rmb and the yuan is like a question which does not even need to be answered but for tourists or people not belonging to china who are not aware of the chinese currency system.
Cny inr historical exchange rate currency converter. The chinese yuan to indian rupee exchange rate increased to 10. It is the official currency of the republic of india and is issued by the reserve bank of india. Our smart tech means were more efficient which means you get a great rate. Chinese yuan to rupee forecast on tuesday, march, 3.
Chinese yuan renminbi rmb rate in india rmb buying. Rmb to inr currency conversion rate chinese yuan renminbi. The table above displays historical exchange rates between the indian rupee and the chinese yuan renminbi. The rupee has proven to be a dismal investment so far this decade, slumping 38 percent over the past 5 years and far underperforming the yuans near. To answer the legendary questionhow the indian rupee has devalued since 1947 till date. Convert chinese yuan renminbi cny and indian rupees inr. On july 21, 2005, the peoples bank of china announced that it would lift the peg to the dollar and phase in a flexible mechanism of exchange rates. If you want to compare us dollar to indian rupee before 1947 you would have to use an indirect comparison. Chinese currency is known as the renminbi with the units of currency called yuan. The chinese currency, or renminbi rmb, has been a contentious issue for the past several years. This is the us dollar usd to chinese yuan cny exchange rate history summary page, detailing 180 days of usd cny historical data from thursday 14112019 to sunday 10052020 highest. Book your foreign exchange online download extravelmoney app. May 11, 2020 current rmb to inr exchange rate equals 10. The table below shows historical exchange rates between the chinese yuan renminbi cny and the hong kong dollar hkd between 8112019 and 262020.
219 873 415 571 672 429 945 45 1151 719 1259 996 810 1096 1512 477 1488 663 1420 784 1594 189 707 239 113 1353 745 267 214 1575 385 1313 839 1065 1399 516 815 143 1083 1346 1004 55