Convert Canadian Dollar to Chinese Yuan
Please provide values below to convert Canadian Dollar [CAD] to Chinese Yuan [CNY], or Convert Chinese Yuan to Canadian Dollar.
How to Convert Canadian Dollar to Chinese Yuan
1 CAD = 0.189924587741675 CNY
Example: convert 15 CAD to CNY:
15 CAD = 15 × 0.189924587741675 CNY = 2.84886881612512 CNY
Canadian Dollar to Chinese Yuan Conversion Table
| Canadian Dollar | Chinese Yuan |
|---|
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).