Chinese yuan exchange rate

WE SELL RATE HISTORY OF CHINESE YUAN

WE BUY RATE HISTORY OF CHINESE YUAN

CHINESE YUAN INFO

The Chinese Yuan is the official currency of the People’s Republic of China.
Notes: 1, 2, 5 jiao y 1, 2, 5, 10, 20, 50, 100 yuán
Coins: 1, 2, 5 fēn, 1, 5 jiǎo and 1 yuán
Subunit: jiǎo, fēn
Code: CNY
Symbol: 元 / ¥

If you are going to visit Beijing, Shanghai or any other city of China you will need to exchange your Euros to Chinese Yuan. In Eurochange you can buy your Chinese Yuan at the best price and with total availability.

 

About Chinese Yuan

The Chinese Yuan (also known as Renminbi) is the official currency of the People's Republic of China. Its ISO 4217 code is CNY. Each Yuan is divided into 10 jiao and each jiao is divided into 10 fen. The currency symbol is ¥, like the Japanese Yen, but the symboll 元 is used to indicate the prices.

History of the currency of China

Currency as a means of payment has a long tradition in China. Between the years 1700 and 1000 a.C. ciphers (a type of seashells) were used to make payments since they were considered very valuable.

During each dynasty, the emperors decided which coins were minted and who could mint them. Even individuals were allowed to issue their own coins.

In 1889, during the Quing Dynasty, the Yuan was introduced as equivalent to the Mexican Peso (which was widely used in Asian countries by trade with the Spanish colonies and Latin American countries) and soon afterwards other coins began to be minted.

The current Yuan began to be issued in 1949 and a second issue occurred in 1955 to try to curb the inflation that had occurred during the Civil War.

Chinese Yuan banknotes and coins

There are 1, 2 and 5 Jiao notes and 1, 2, 5, 10, 20, 50 and 100 Yuan notes. For reasons beyond Eurochange, we can not accept 1 and 2 Chinese Yuan notes or the 1, 2 and 5 Jiao ones. In recent years the Chinese government has issued several series of banknotes, the most recent being the one in 2019, which increases the security of the currency and that, despite having different designs from the 2005 one, both are legal tender. As for the 100 Yuan banknotes, the last model issued is the one of the 2015 series.

On the obverse of the banknotes appears the image of Mao Zedong and on the reverse we see different emblematic places of the country.

On the 1 Yuan note there is an image of the West Lake (located in Hangzhou in Zhejiang) of the place known as "Three ponds mirroring the moon". On the 5 Yuan note appears Mount Tai, one of the Five Great Mountains of China. A picture of the Three Gorges of the Yangtze River appears on the 10 Yuan note. On the 20 Yuan note appears the landscape of Yangshuo County, in the city of Guilin, one of the best known in the area. On the 50 Yuan note there is a view of the Potala Palace located in Tibet. On the 100 Yuan note, there is an image of the Great Hall of the People, next to Tiananmen Square, in Beijing.

CHINESE YUAN LEGAL TENDER BANKNOTES

The coins are 1, 2 and 5 Fen, 1 and 5 Jiao and 1 Yuan. Also some older coins of Jiao and Fen circulate that continue being used at present for the daily use.

Tips to travel to China

On our blog you will find some information to help you to prepare a trip to China with 5 things to do in Beijing.

 

How many Chinese Yuan do I need for my trip to China?

If you are going to travel to China and you do not know how many Yuans you might need, we can help you. Eurochange customers usually exchange an average of 700 Euros into Chinese Yuans. In order to calculate the approximate amount you might need to take on your trip, you should take into account whether once you get there you will have to pay for hotels, rental cars, excursions or any type of reservation, or you will simply have the most common expenses such as food, public transport or general shopping.

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