Today's Yuan Exchange Rate
Today's Chinese Yuan (CNY) exchange rate, April 19, 2024, the Chinese Yuan exchange rate of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) increased by 23 VND/CNY in both trading directions compared to yesterday (April 18). The buying price of VCB Chinese Yuan is 3,443.73 VND/CNY and the selling price is 3,591.07 VND/CNY.
The State Bank announced that the cross exchange rate between Vietnamese Dong and Chinese Yuan applied to calculate export and import taxes, effective from April 18, 2024 to April 24, 2024, is 1 CNY = 3,348.3 VND.
This morning, April 19, 2024, the CNY exchange rate compared to yesterday (April 18) at VCB Bank, the highest CNY transfer buying price is 3,478.52 VND/CNY.
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| Today's Yuan exchange rate April 19, 2024 at some banks (Photo taken at 9am) |
Comparing the Chinese Yuan (CNY) exchange rate between the 7 largest banks in Vietnam, today, April 19, 2024, the CNY exchange rate in the buying direction has 1 bank increasing the buying price, 0 banks decreasing the buying price and 6 banks keeping the buying price unchanged compared to yesterday.
Meanwhile, in the selling direction, 4 banks increased their selling prices, 0 banks decreased their selling prices and 3 banks kept selling prices unchanged from yesterday.
Today, the Foreign Trade Bank bought the highest Yuan (CNY) at 3,443.73 VND/CNY. The lowest selling Yuan (CNY) was Techcombank at 3,489.00 VND/CNY.
Today, April 19, 2024, the highest selling price of CNY at TPBank is 3,612.00 VND/CNY.
Of the 20 foreign currencies currently traded at Vietcombank, only 12 currencies are bought and sold by Vietcombank in cash or by transfer: US Dollar (USD), Euro (EUR), Chinese Yuan (CNY), Australian Dollar (AUD), British Pound (GBP), Canadian Dollar (CAD), Swiss Franc (CHF), Singapore Dollar (SGD), Korean Won (KRW), Japanese Yen (JPY), Hong Kong Dollar (HKD), Thai Baht (THB).
For the remaining 8 currencies, customers can transact by bank transfer: Danish Krone (DKK), Indian Rupee (INR), Kuwaiti Dinar (KWD), Malaysian Ringgit (MYR), Norwegian Krone (NOK), Russian Ruble (RUB), Saudi Arabian Riyal (SAR) and Swedish Krona (SEK).
RMB exchange rate at the market price
Today, April 19, 2024, surveying the market price at 9:00 a.m., the price was stable in both directions. The buying price of Chinese Yuan was 3,484.00 VND/CNY and the selling price was 3,549.00 VND/CNY.
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| Foreign currency price list at the market today April 19, 2024 (Photo taken at 9:00 am) |
In Hanoi, Ha Trung Street (Hoan Kiem District) is the largest foreign exchange place that can help you exchange many popular currencies on the market today, such as USD (US Dollar), Euro, Yen (Japanese Yen), Won (Korean Won) ... and many other currencies. However, exchanging money at these foreign exchange streets must comply with the regulations of Vietnamese law.
Yuan Forecast
The focus of the trading day will be on China's key economic data for the first quarter of 2024, which will be closely watched for indicators including industrial production, retail sales, fixed asset investment and home prices to gauge the health of the world's second-largest economy.
The People’s Bank of China (PBOC) has also attracted attention after it pegged the yuan at its weakest level since March 25 to support the economy. However, the move could raise concerns about government intervention in the foreign exchange market and put further pressure on investor sentiment.
In addition, the Japanese Yen's decline to a 34-year low is also putting pressure on the Chinese Yuan. The weaker Yen gives Japan a competitive advantage in exports over China. Investors interested in the Chinese Yuan are also closely watching the Japanese Government's moves.
Information about the Chinese Yuan
The Chinese Yuan (symbol: ¥, code: CNY) is the official currency of the People's Republic of China, issued in 1948 and has undergone 5 series of replacement issuances. The international abbreviation for the Chinese Yuan is RMB, in Vietnam the Chinese Yuan is often called in simplified form as Yuan.
Chinese currency in circulation on the market includes 2 types of paper money and coins. The denominations of Chinese currency are 100 yuan, 50 yuan, 20 yuan, 10 yuan, 5 yuan, 2 yuan, 1 yuan (paper money), 1 hao, 2 hao, 5 hao (coins). The counting units of the Chinese currency are Yuan, Jiao, Fen corresponding to yuan, hao, xu with the conversion: 1 yuan = 10 hao, 1 hao = 10 xu.
The renminbi is only circulated in mainland China and is not officially used in Hong Kong and Macau.
| Refer to the popular foreign currency exchange - buying and selling Chinese Yuan addresses in Hanoi: 1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 2. Gold and Silver Fine Arts - No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 3. Minh Chien Gold and Silver Store - No. 119 Cau Giay, Cau Giay District, Hanoi 4. Thinh Quang Gold and Silver Company - No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi 6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Bui Thi Xuan, Hoan Kiem District, Hanoi 7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 8. Kim Linh 3 Store - No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB Refer to the popular foreign currency exchange - Won buying and selling addresses in Ho Chi Minh City: 1. Minh Thu Currency Exchange - No. 22 Nguyen Thai Binh, District 1, Ho Chi Minh City 2. Kim Mai Gold Shop - 84 Cong Quynh, District 1, Ho Chi Minh City 3. Kim Chau Gold Shop - 784 Dien Bien Phu, Ward 10, District 10. Ho Chi Minh City 4. Saigon Jewelry Center - 40-42 Phan Boi Chau, District 1, Ho Chi Minh City 5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City 6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, Ho Chi Minh City 7. Kim Tam Hai Shop - No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City 8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City 9. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, Ho Chi Minh City 10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank |
* Information for reference only!
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