|24h Vol (Global)||USD|
Explore the US dollar/Chinese Yuan live chart. With this interactive tool, you can review the price of USD/CNH, analyze rate trends in real time, track the USD/CNH pair exchange rate in historic terms, and build your trading strategy to trade USD/CNH with leverage on PrimeXBT.
The US dollar is represented by this pair against the offshore Chinese Renminbi. The Renmibi is also known as the Yuan in its unit designation, and when trading within China, it is denoted by the letters CNY. The Yuan used to be pegged to the US dollar, but it is now allowed to trade with the reserve currency in a limited range on a daily basis. China is the world's largest exporter and the world's second-largest economy, trailing only the US. China has used currency control to help avert a global financial crisis and maintain its dominant trade position, an effort that has sparked accusations of currency manipulation.
A US dollar is made up of 100 cents. To distinguish it from other dollar-based currencies, it is designated with the symbol $ or US$. The United States dollar is the most widely used currency in the world and is regarded a benchmark currency.
The Chinese yuan renminbi is the Chinese official currency. The term yuan refers to a single unit of currency, whereas the term renminbi refers to the currency's official name. The renminbi is abbreviated as RMB and the yuan is abbreviated as CNY. The Communist People's Republic of China introduced the latter to the country when it was founded in 1949. Ten jiao are divided into a single yuan. Each jiao is subdivided into ten fen. One, two, five, ten, twenty, fifty, and one hundred yuan banknotes, as well as one, two, and five jiao notes, are in circulation.
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