Usd Converter
Convert Usd to Cny and more • 166 conversions
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Unit Explanations
United States Dollar$
Source UnitThe United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Chinese Yuan¥
Target UnitThe Chinese Yuan (CNY), known as Renminbi (RMB), is the official currency of the People's Republic of China. It is subdivided into smaller units called jiao, with one yuan equivalent to ten jiao. The currency is issued by the People's Bank of China and has been a key player in global finance, particularly since China's economic reforms in the late 20th century. The yuan is used in both cash and electronic transactions and is increasingly adopted in international trade. Its exchange rate is influenced by a mix of market forces and government policy, and the currency was included in the International Monetary Fund's Special Drawing Rights basket in 2016, marking its growing significance in the global economy.
Current Use
Today, the Chinese Yuan (CNY) is widely used within China and is also making strides internationally. It is primarily utilized in domestic transactions and is the currency for all official and private business dealings in China. The yuan is also becoming increasingly popular for international trade agreements, especially in Asia and Africa, where countries are beginning to accept it in place of dollars or euros. Financial markets have witnessed a growing interest in yuan-denominated assets, including bonds and stocks. In 2020, China initiated the Cross-Border Interbank Payment System (CIPS) to facilitate international transactions in yuan, further solidifying its role in global finance. Additionally, the Belt and Road Initiative has seen the yuan being used in infrastructure financing across multiple countries.
Fun Fact
The yuan was originally based on the silver standard before transitioning to a fiat currency.
Convert US Dollar to Chinese Yuan
Converting US Dollar to Chinese Yuan is essential for international finance and travel. Our tool updates continuously to provide the best data.
Multiplies the amount in US Dollar by the current exchange rate.
US Dollar
Definition
The official currency of the United States.
Origins & History
Established in 1792.
Chinese Yuan
Definition
The official currency of China.
Origins & History
Modern currency introduced in 1948.
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📐Conversion Formula
= × 1.00000How to Convert
To convert to , multiply the value by 1.00000. This conversion factor represents the ratio between these two units.
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💡 Pro Tip: For the reverse conversion ( → ), divide by the conversion factor instead of multiplying.
United States Dollar
currency • Non-SI
Definition
The United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
History & Origin
The United States Dollar has its origins in the Spanish dollar, which was widely used in the Americas during the colonial period. The first official dollar was issued by the Continental Congress in 1775 during the American Revolutionary War. The Coinage Act of 1792 established the U.S. dollar as the country's standard unit of money, allowing for the production of coins in various denominations. The dollar was initially defined in terms of specific weights of silver and gold, reflecting the bimetallic standard prevalent at the time, leading to the establishment of the U.S. Mint for the purpose of producing coinage.
Etymology: The term 'dollar' comes from the German word 'Thaler', which referred to a silver coin that was minted in the 16th century.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
💡 Fun Facts
- •The U.S. dollar is the most widely used currency for global trade.
- •More than 60% of all foreign exchange reserves are held in USD.
- •The design of the dollar bill has not changed significantly since 1929.
📏 Real-World Examples
🔗 Related Units
Chinese Yuan
currency • Non-SI
Definition
The Chinese Yuan (CNY), known as Renminbi (RMB), is the official currency of the People's Republic of China. It is subdivided into smaller units called jiao, with one yuan equivalent to ten jiao. The currency is issued by the People's Bank of China and has been a key player in global finance, particularly since China's economic reforms in the late 20th century. The yuan is used in both cash and electronic transactions and is increasingly adopted in international trade. Its exchange rate is influenced by a mix of market forces and government policy, and the currency was included in the International Monetary Fund's Special Drawing Rights basket in 2016, marking its growing significance in the global economy.
History & Origin
The origin of the Chinese Yuan dates back to ancient China, where various forms of currency were used, including cowrie shells and metal coins. The first standardized currency was introduced during the Qin dynasty (221-206 BC), but the modern yuan was established much later in the early 20th century following the fall of the Qing Dynasty. The first official issuance of the Yuan as a currency occurred in 1914, designed to replace the 'Mexican dollar' which was widely used at that time. The People's Bank of China was established in 1948, and the yuan became the official currency of the newly founded People's Republic of China.
Etymology: The term 'Yuan' translates to 'round' in Mandarin, reflecting the circular shape of traditional Chinese coins.
Current Use
Today, the Chinese Yuan (CNY) is widely used within China and is also making strides internationally. It is primarily utilized in domestic transactions and is the currency for all official and private business dealings in China. The yuan is also becoming increasingly popular for international trade agreements, especially in Asia and Africa, where countries are beginning to accept it in place of dollars or euros. Financial markets have witnessed a growing interest in yuan-denominated assets, including bonds and stocks. In 2020, China initiated the Cross-Border Interbank Payment System (CIPS) to facilitate international transactions in yuan, further solidifying its role in global finance. Additionally, the Belt and Road Initiative has seen the yuan being used in infrastructure financing across multiple countries.
💡 Fun Facts
- •The yuan was originally based on the silver standard before transitioning to a fiat currency.
- •In Chinese culture, the number 8 is considered lucky, and many businesses price their products ending in 8 yuan.
- •The People's Bank of China manages the currency and adjusts the exchange rate to maintain economic stability.
📏 Real-World Examples
🔗 Related Units
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Frequently Asked Questions
How do I convert to ?▼
To convert to , multiply your value by 1. For example, 10 equals 10 .
What is the formula for to conversion?▼
The formula is: = × 1. This conversion factor is based on international standards.
Is this to converter accurate?▼
Yes! MetricConv uses internationally standardized conversion factors from organizations like NIST and ISO. Our calculations support up to 15 decimal places of precision, making it suitable for scientific, engineering, and everyday calculations.
Can I convert back to ?▼
Absolutely! You can use the swap button (⇄) in the converter above to reverse the conversion direction, or visit our to converter.