![]() ![]() In June 2010, China resumed its policy of gradually moving the yuan up, and by December 2013, the currency had cumulatively appreciated by about 12% to 6.11. The fast and reliable converter shows how much you would get when exchanging one Chinese Yuan Renminbi to US Dollar. Chinese renminbi refers to the name of the currency, while Chinese yuan refers to the currency unit. In July 2008, China halted the yuan’s appreciation as worldwide demand for Chinese products slumped due to the global financial crisis. 1.00 Chinese Yuan Renminbi 1 USD 7.32628 CNY Chinese Yuan Renminbi 7,326. 1: The exchange rates for the Japanese yen and the Chinese renminbi are expressed in terms of currency units per U.S. Over the next three years, the yuan was allowed to appreciate by about 21% to a level of 6.83 to the dollar. It was only in July 2005, because of pressure from China’s major trading partners, that the yuan was permitted to appreciate by 2.1% against the dollar, and was also moved to a “managed float” system against a basket of major currencies that included the U.S. Some amounts at current USD to CNY exchange rate: 1 USD 7.34 CNY 2 USD 14.69 CNY. USD to CNY forecast on Tuesday, October, 10: exchange rate 7.480 Yuans, maximum 7.592, minimum 7.368. ![]() The yuan was pegged to the greenback at 8.28 to the dollar for more than a decade starting in 1994. In 4 weeks Dollar to Yuan forecast on Monday, October, 9: exchange rate 7.472 Yuans, maximum 7.584, minimum 7.360. Instead it pegs its currency, the yuan (or renminbi), to the U.S. In 2018 to date the New Zealand dollar to Chinese yuan renminbi exchange rate has fluctuated between 1 NZD to 4.37787 CNY and 1 NZD to 4.73400 CNY.1. China does not have a floating exchange rate that is determined by market forces, as is the case with most advanced economies. A cornerstone of China’s economic policy is managing the yuan exchange rate to benefit its exports.
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