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The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency , and has an official exchange rate , the CNY plays an important role in the world economy and international trade .
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...
The ringgit had also enjoyed a period of appreciation against the Hong Kong dollar (from 0.49 to 0.44 MYR/HKD) [25] and the renminbi (0.46 to 0.45 MYR/CNY) [26] as recently as May 2008. The initial stability of the ringgit in the late-2000s had led to considerations to reintroduce the currency to foreign trading after over a decade of being non ...
This is seen as a move to a more fully free-market floating of the Renminbi. The Renminbi has appreciated 22 percent since the mechanism reform in 2005 of the Yuan exchange rate. [9] However, during the onset of the 2007-2008 global financial crisis, the renminbi was unofficially repegged to the US dollar. It was again depegged from the dollar ...
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
Chinese yuan: CNY People's Bank of China: 164.3 14.16 40.0 7.99 Malaysia: Malaysian ringgit: MYR Bank Negara Malaysia: 128.7 11.09 11.4 2.29 United States of America: United States dollar: USD Federal Reserve: 105.7 9.12 101.8 20.35 European Union: Euro (only within Eurozone) EUR European Central Bank (only within Eurosystem) 102.0 8.80 67.2 13 ...