Convert Chinese Yuan to Australian Dollar
Please provide values below to convert Chinese Yuan [CNY] to Australian Dollar [AUD], or Convert Australian Dollar to Chinese Yuan.
How to Convert Chinese Yuan to Australian Dollar
1 CNY = 4.69127648443631 AUD
Example: convert 15 CNY to AUD:
15 CNY = 15 × 4.69127648443631 AUD = 70.3691472665446 AUD
Chinese Yuan to Australian Dollar Conversion Table
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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).
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.