CNY to INR

Converting Yuan to INR is easier than ever with Urban Money’s Currency Conversion Calculator. It is a crucial aspect of trade and travel between China and India, allowing individuals and businesses to conduct transactions with the most up-to-date exchange rates. Hence, you can confidently use this handy, simple, accurate CNY to INR currency converter with ease.

Convert CNY to INR at the Real Exchange Rate

Amount

CNY

Converted to

INR

1 CNY =

i

Currency exchange value is subjected to market fluctuation. Exchange rate as on Feb 22, 2024.

CNY to INR Exchange Rate

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the extreme volatility in global currencies lately.

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1 CNY to INR Exchange Rate Last 7 days

Date

Price

  • 11.366412

  • 11.36827

  • 11.387677

  • 11.386611

  • 11.411508

  • 11.411405

  • 11.404778

Renminbi Yuan to Indian Rupee Conversions

CNY

INR

CNY to INR Currency Conversion - An Overview

Chinese Yuan to INR currency conversion plays a pivotal role in both countries’ economies, trades, finance, and travel. For individuals/businesses involved in trade or travel between China and India, closely monitoring the constantly changing Yuan to Rupee exchange rate is essential. A favourable rate can result in substantial cost savings and enhance purchasing power, allowing one to maximise financial resources. On the other hand, an unfavourable exchange rate can present challenges, potentially leading to increased expenses. Hence, staying informed about the current currency conversion of CNY to INR can significantly influence the financial outcomes of these transactions and journeys.

Furthermore, numerous financial institutions, including banks, NBFCs, and currency exchange services, may provide Yuan to INR conversion services. The conversion process can be conducted through multiple channels, such as online platforms, mobile applications, or physical currency exchange centres. However, it is crucial to acknowledge that exchange rates may exhibit slight variations across different service providers due to factors like transaction fees and commissions. Thus, comparing rates and selecting a trustworthy and cost-efficient service provider for currency conversion is prudent.

To educate you and prevent fraud, in this guide, we delve into the key aspects of converting 1 Yuan into Rupees and vice versa, examining the factors that influence exchange rates and the broader economic context in which these conversions take place. Let's dive in.

Important Facts About CNY - Chinese Yuan

Let’s take a look at some important facts about Yuan to INR.

Fact

Description

Currency Name

Chinese Yuan Renminbi 

Nation 

China

Currency code

CNY

Currency symbol

¥

Unit of account

Yuan

Subunit

Jiao (1/10) and Fen (1/100)

Central Bank

People’s Bank of China

How Does Our CNY to INR Online Currency Converter Work?

If you want a simple and reliable way to convert 1 Yuan into Rupees, you are in the right spot. The Urban Money Yuan to Rupee online converter offers up-to-minute exchange rates, using data from the live foreign exchange markets and other pertinent details. To convert CNY to INR, follow these simple steps:

  • Input the desired CNY amount you want to convert 
  • Choose INR as the currency pair 
  • Simply click the “Convert” button, and the result will quickly appear below.
  • As you scroll down the page, you can also see the history of exchange rates and how they've changed over the past few days.

Benefits of CNY to INR Online Currency Converter Tools

The following are the key benefits of Yuan to INR Online Currency Converter Tools:

Quick and Handy

You will get the result in three straightforward steps: Input the desired CNY amount, choose the target currency, and click enter. In a jiffy, the result will be displayed. Furthermore, you can examine the current and historical performance of the Yuan to Rupee exchange rate. These details are ideally presented in a visual and easily comprehensible format, allowing for quick understanding at a mere glance.

Error-Free

In essence, Urban Money currency converter uses mid-market rates. These rates are the ones central banks use to trade money among themselves. Hence, without a doubt, the currency rate you discover on the Urban Money website is the most authentic and fair rate you can find.

Convenient and Flexible

Urban Money’s currency converter is indeed a handy tool. It is accessible from any device and location, ultimately eliminating time and geographical constraints. Using an Urban Money currency converter can offer valuable insights and guidance that apply to Chinese Yuan and Indian Rupees.

List of Factors Affecting the Value of CNY to INR Conversion

Some factors that affect the value of Yuan to INR conversion are as follows: 

Supply and Demand

If there's a higher demand for CNY among INR holders, the value of INR will go down. Conversely, if the demand for CNY decreases among INR holders, the value of INR will rise. However, these supply and demand dynamics are typically influenced by trade, tourism, investments, remittances, and speculative activities between the two countries.

Interest Rates

A higher interest rate in a particular country attracts more capital inflow and boosts the demand for its currency, while a lower interest rate has the opposite impact. For instance, if the People's Bank of China (PBOC) raises the CNY interest rate, the value of CNY will increase. On the other hand, if the Reserve Bank of India (RBI) raises INR interest rates relatively higher, the value of INR will increase. 

Inflation Rates

Inflation rates represent the changes in the prices of goods and services. A higher inflation rate in a country diminishes the worth of its currency, whereas a lower inflation rate enhances its currency's value. Namely, if India experiences a higher inflation rate than China, the INR value will decrease relative to CNY.

Political and Economic Stability

This refers to the confidence and trust both investors and traders alike have in the governments and institutions of India and China. A stable and foreseeable political and economic environment reinforces a currency's value, whereas an unstable and unpredictable setting weakens it. For example, if either country experiences a natural disaster or a political crisis, the value of its currency will decline.

The Market Expectations and Sentiments

This is the perception and attitude of investors and traders towards the future performance and direction of the Indian and Chinese economies and their currencies. A positive and optimistic outlook supports the value of a currency, while a negative and pessimistic outlook erodes it. I.e., if there is positive news or a favourable forecast for one country, the value of its currency will increase relative to the other.

1 CNY to INR from 2013 to 2022

Let’s take a look at a list of 1 yuan in Indian rupees from 2013 to 2022.

Year

Exchange Rate (1 CNY to INR)

2013

10.19

2014

09.92

2015

10.31

2016

09.99

2017

09.85

2018

10.50

2019

09.97

2020

10.80

2021

11.43

2022

11.28

2023

11.39

How Yuan-Rupee Rates are Determined?

In essence, the Chinese Yuan to INR rates are determined by the supply and demand for these two currencies in the foreign exchange market, along with other factors such as interest rates, inflation, political and economic stability, and market expectations. The global foreign exchange market is where currencies are bought and sold. It's important to note that the exchange rate of CNY to INR constantly fluctuates in response to changes in these factors.

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Frequently Asked Questions (FAQs)

What is the highest ever CNY to INR?

The highest ever CNY to INR exchange rate was 11.990 INR per 1 CNY, which occurred on March 26, 2023.

What does the CNY stand for?

The CNY stands for “Chinese yuan renminbi;” which means ‘people’s currency’ and serves as the official currency of the People’s Republic of China.

When was 1 CNY equal to 1 INR and how?

1 CNY was never equal to 1 INR in the past. The closest the exchange rate ever got was on January 1, 1994, when 1 CNY was equal to 1.015 INR. This resulted from a major reform of China’s exchange rate system, which unified the official and market exchange rates and that 1 CNY equals 8.7 USD. Concurrently, the INR was pegged to the USD at a rate of 31.37 INR per 1 USD. Thus, the CNY to INR rate was influenced by the ratio of these two pegs, which was approximately 1:1.

Who decides the CNY to INR exchange rate?

The foreign exchange market determines the CNY to INR exchange rate, where currencies are bought and sold.

What is the subunit of CNY currency?

The subunit of the CNY currency is called the “jiao,” and it is further divided into smaller units known as “fen”.

What is the smallest unit of CNY currency?

The smallest unit of CNY currency is the “fen.”

What types of banknotes are in CNY currency?

The CNY currency’s banknotes typically come in the following denominations: 1 Yuan, 5 Yuan, 10 Yuan, 20 Yuan, 50 Yuan, and  100 Yuan.

What types of bank coins are in CNY currency?

The most common coin denominations in the CNY currency include 1 Yuan, 5 Jiao (equal to 0.5 Yuan), and 1 Jiao (equal to 0.1 Yuan).

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