Live Chinese Yuan Exchange Rate (CNY/INR) Today in India

Getting the best available CNY Rate Today with BookMyForex

As per today’s exchange rate i.e. Friday 08/11/2024 , 1 Chinese Yuan is equals to 11.7852 Indian Rupees. Change in CNY rate from previous day is -0.42%.

In case you are looking to get the best Chinese Yuan rates in your area, try BookMyForex. You can buy as well sell CNY at the best exchange rates with BookMyForex which provides foreign exchange at live and transparent rates. Since the currency exchange market is highly volatile, Chinese Yuan rates keep on changing throughout the day. You can check live Chinese Yuan rates online at BookMyForex.com and place an order to buy or sell Chinese Yuan online at the live rates.

We at BookMyForex through our several banking tie-ups are able to consistently offer the best Chinese Yuan Exchange Rates throughout India. We've invested significantly in our infrastructure to ensure that you receive rates that are live and accurate to the last second. The rates visible here aren't base rates that are shown on most sites. These are rates at which you actually buy or sell CNY or send a CNY international remittance at these rates. You can even freeze the live Chinese Yuan rates on our site at any moment. Moreover, the rate alert feature on our site allows you to get notified via email when the rates touch the level that you want.

CNY Profile

In the People's Republic of China, the term Chinese Yuan Renminbi (CNY) refers to the currency used. And since the names are sometimes represented together, it can seem a little misleading, they are actually two different names. The yuan acts as the accounting unit of China for its financial system and economy, representing a single unit of currency. By comparison, the word renminbi is the official name of the currency itself.
The official currency of mainland China is the Chinese Yuan Renminbi. The term yuan, as mentioned above, refers to a single unit of the currency, while the term renminbi refers to the actual name of the currency. While the renminbi is abbreviated as RMB, the yuan is shortened as CNY. The latter was introduced to the nation at the time of its formation in 1949 by the Communist People's Republic of China.
The national currency of China is issued by the People's Bank of China, its central bank. The bank has its head office in Beijing, the capital of the country. The bank is also responsible for fiscal and monetary policy as well as financial supervision in China, in addition to printing the currency.
For the currency, the symbol is ¥. It splits a single yuan into 10 jiao. Further, one jiao is split into 10 fen. In circulation, banknotes come in denominations of one, two, five, 10, 20, 50, and 100 yuan, as well as one, two, and five jiao notes. Coins are also minted in one, two, and five fens by the central bank. Coins are also issued in denominations of one and five jiao, along with one yuan.

Why Should You Buy or Sell CNY from BookMyForex?

· Live Rates Bookings: We allow you to book a currency exchange order at live rates. If you go directly to the banks, they will give you a rate that’s favourable for them and not you. You will get to know that they keep a fixed rate for the day which is not favourable for you.

· Rate Hold Facility: The currency rates can be retained for the next 3 days after you use this feature. It could be used when there are significant variations happening in the currency markets.

· Rate Alert Feature: With our rate alert feature, you will consistently be aware of fluctuations in Chinese Yuan currency. It does not make sense for you to keep refreshing and checking the current exchange rates so that's why we have this feature just for you.

· Best Exchange Rates: BookMyForex will offer you the best exchange rates in India for the Chinese Yuan. We have a number of links with banks and other forex vendors to ensure you get the most incredible deal.

. Deals and Discounts: On BookMyForex.com every day, we come up with several offers and deals. One such event is our Big Forex Sale, in which our clients profit in the most incredible ways.

. Special Student Discounts: We understand how difficult it can be for a student to handle expenses while studying abroad. That's why when our forex card is bought / reloaded, we continue to offer exclusive discounts to students.

· Better Rate Request: If you are not happy with the Chinese Yuan rate quoted by BookMyForex, you can request a better rate or simply call 9212219191 to help you get the best Chinese Yuan prices from our customer service executive.

Better CNY Exchange Rates than Banks or Local Money Changers:

Being a currency exchange marketplace, BookMyForex offers the best Chinese Yuan exchange rates in your region than conventional places of money exchange such as banks and local money changers. Here is a closer examination that demonstrates the reasons why you should choose BookMyForex over others:

It is clearly visible in the above table why BookMyForex should be #1 choice if you are looking for INR to CNY conversion.

Why does BookMyForex provide the best CNY rates in India?

Fixed vs Live Rates:Unlike licensed banks providing foreign exchange at fixed rates for the day,BookMyForex allows customers to convert INR to CNY at live and direct rates.The latest CNY rates can only be found on the BookMyForex forex rate page.
Setting the CNY exchange rate for the whole day forces banks and other money changers to hold the higher margin to defend against any adverse variations throughout the day. BookMyForex, on the other hand, gives its customers the most competitive foreign currency rate and thus passes the advantage on to its customers in the form of a better exchange rate.

Individual vs Aggregator:As a digitally powered currency exchange marketplace, BookMyForex first compares CNY rates across 100s of currency exchanges near to your location and provides you with the best CNY exchange rates. We have special ties with several banks and other approved suppliers that enable us to provide the best possible offer in the country for our customers.

Institutional Expenses:Most money exchangers in India have an operating framework at the physical level that involves various forms of fixed costs, such as rent, salaries and other overhead costs.
The basic economic rule tells us that the customer will inevitably pay all of these costs as part of higher fees and selling prices. As we are a truly digital marketplace, in the form of the best foreign exchange rates on the market, BookMyForex saves the price and passes the profits on to customers.

How can you buy CNY at the best rates in India?

Only BookMyForex will enable you in India to provide the best prices for Chinese Yuan. To do exactly that, you'll have to follow these steps below:
Step 1: To book a currency order, simply visit the BookMyForex website or you can also call us at 9212219191.
Step 2: You should pick the currency you want to purchase on the portal (in this case, CNY) and then mention the amount you really want to exchange. Currency exchange rates differ from city to city, so you will also have to report the name of your city.
Step 3: You must now list your information and fill in details such as the location, the countries you are traveling to, the start and end date of your trip and the intent of your trip. Documentation such as a visa, passport, PAN card, as well as some other documentation will also be necessary. After uploading the documents then you'll be able to book an order.
Step 4: You will have the option of having the currency shipped to the house after your transaction has been checked, or you can either go to the forex shop/bank and pick it up directly. It is highly advisable to pick the doorstep delivery of the currency due to the ongoing COVID-19 pandemic.

Note: BookMyForex does not charge any additional fee for converting currency apart from the government taxes.

Understanding Buy CNY rate and Sell CNY rate

In the currency exchange market, currency rates are specified as either a buying rate or a selling rate. The prices of purchases and sales will vary from bank to bank and a different rate will be quoted by pretty much every money exchanger.
For instance, here, let's talk about the Chinese Yuan (CNY). A CNY purchase rate is when the CNY can be purchased from the forex provider (a bank or a money exchange vendor). On the other hand, there would be a selling rate at which you can sell CNY to the bank or other suppliers today.
It's not just about discovering the best purchase/sale prices. In the form of user feedback, comprehensive information about the forex suppliers and optimizing the results as per customer needs, BookMyForex provides much more value to the customers.