Chinese Yuan Renminbi

1 yi jiao CNY Chinese Yuan Renminbi exchange rates

The renminbi /ˌrɛnmɪnˈbiː/ (Chinese: 人民币; pinyin: rénmínbì [ɻə̌n mǐn bî]; lit. "people's currency"; sign: 元, ¥; ISO 4217: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元, 圆; pinyin: yuán, [ɥæ̌n]) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The ISO code for renminbi (which may also be used for the yuan) is CNY (an abbreviation for "Chinese yuan"), or also CNH when traded in off-shore markets such as Hong Kong. The currency is often abbreviated RMB, or indicated by the yuan sign ¥. In Chinese texts the currency may also be indicated with the Chinese character for the yuan, 圆 (or 元 informally). The renminbi is legal tender in mainland China, but not in Hong Kong or Macau. Renminbi is sometimes accepted in Hong Kong and Macau, and are easily exchanged in the two territories, with banks in Hong Kong allowing people to maintain accounts in RMB. The currency is issued by the People's Bank of China, the monetary authority of China. Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th in 2015. On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).
Philippine Peso

1 yi jiao PHP Philippine Peso exchange rates

The Philippine peso (Philippine English pronunciation: /ˈpɛsoʊ/; Filipino: piso [ˈpiso] or [pɪ'so]; sign: ₱; code: PHP) is the official currency of the Philippines. It is subdivided into 100 centavos (Filipino: sentimo). As a former colony of the United States, the country used English on its currency, with the word "peso" appearing on notes and coinage until 1967. Since the adoption of Filipino language for banknotes and coins, the term "piso" is now used. The peso is usually denoted by the symbol "₱". Other ways of writing the Philippine peso sign are "PHP", "PhP", "Php", "P$", or just "P". The "₱" symbol was added to the Unicode standard in version 3.2 and is assigned U+20B1 (₱). The symbol can be accessed through some word processors by typing in "20b1" and then pressing the Alt and X buttons simultaneously. This symbol is unique to the Philippines as the symbol used for the peso in countries like Mexico and other former colonies of Spain in Latin America is "$". The Philippine coins and banknotes are minted and printed at the Security Plant Complex of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) in Quezon City.

1 CNY to PHP mid-market rate

The 1 CNY to PHP mid market rate, (a.k.a 1 Chinese Yuan Renminbi to Philippine Peso mid market rate) is derived from the mid-point between the "buy" and "sell" rates from global currency markets.

1 yi jiao CNY Chinese Yuan Renminbi to PHP Philippine Peso exchange rate chart analysis

A market-based 1 yi jiao CNY to PHP exchange rate will change whenever the values of either of the two component currencies change (In this case, it's 1 yi jiao Chinese Yuan Renminbi and Philippine Peso). Chinese Yuan Renminbi will tend to become more valuable whenever demand for it is greater than the available supply. Chinese Yuan Renminbi will become less valuable whenever demand is less than available supply (this does not mean people no longer want money, it just means they prefer holding their wealth in some other form, possibly another currency).

1 yi jiao CNY Chinese Yuan Renminbi to PHP Philippine Peso news trends analysis

Chinese Yuan Renminbi does not have news for trends analysis.

Philippine Peso does not have news for trends analysis.

1 yi jiao CNY Chinese Yuan Renminbi to PHP Philippine Peso Wikipedia trends analysis

Chinese Yuan Renminbi Wikipedia trends analysis

Philippine Peso Wikipedia trends analysis

1 yi jiao CNY Chinese Yuan Renminbi to PHP Philippine Peso Google trends analysis

Chinese Yuan Renminbi does not have a Google keyword for analysis.

Philippine Peso does not have a Google keyword for analysis.

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1 yi jiao CNY Chinese Yuan Renminbi to PHP Philippine Peso conversion trends analysis

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1 yi jiao CNY Chinese Yuan Renminbi to PHP Philippine Peso converter

Disclamer: 1 yi jiao CNY Chinese Yuan Renminbi to PHP Philippine Peso converter is provided to give you some guidence about how to convert 1 yi jiao CNY Chinese Yuan Renminbi to PHP Philippine Peso into other currencies based on the exchange rates today. You might need to find local forex traders to do the actual conversion.

1 yi jiao CNY Chinese Yuan Renminbi vs PHP Philippine Peso ratings

Disclamer: 1 yi jiao CNY Chinese Yuan Renminbi vs PHP Philippine Peso ratings are calculated by comparing CNY Chinese Yuan Renminbi and PHP Philippine Peso's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with other currencies in the world. Generally speaking, the bigger the hexagon is, the higher CNY Chinese Yuan Renminbi vs PHP Philippine Peso ratings should be on the internet!