Today's Yuan exchange rate developments
Chinese Yuan (CNY) exchange rate today, May 27, 2024, Chinese Yuan exchange rate of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB). On the first day of the week, the CNY price increased compared to the same time yesterday (May 26): VCB's buying price of Chinese Yuan was 3,444.40 VND/CNY, the selling price was 3,591.33 VND/CNY.
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| Foreign exchange rates today May 27, 2024 at Vietcombank. |
The State Bank announced that the cross exchange rate between Vietnamese Dong and Chinese Yuan applied to calculate export and import taxes, effective from May 23, 2024 to May 29, 2024, is 1 CNY = 3,350.28 VND.
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| Today's Yuan exchange rate May 27, 2024 at some banks (Photo taken at 9:00 am). |
Compare the Chinese Yuan (CNY) exchange rate between the 7 largest banks in Vietnam. Today, May 27, 2024, the CNY exchange rate for buying has 1 bank increasing the buying price, 1 bank decreasing the buying price and 5 banks keeping the buying price unchanged compared to yesterday.
Meanwhile, in the selling direction, 2 banks increased their selling prices, 3 banks decreased their selling prices and 2 banks kept their selling prices unchanged compared to yesterday.
This morning, the Foreign Trade Bank bought the highest price of Chinese Yuan (CNY) at 3,444.40 VND/CNY. The lowest price sold Chinese Yuan (CNY) was the Bank for Investment and Development of Vietnam at 3,554.00 VND/CNY.
Today, Vietinbank reduced the selling price of Chinese Yuan to 3,584.00 VND/CNY, increased the buying price by transfer to 3,474.00 VND/CNY.
Today, May 27, 2024, the bank that buys the highest RMB transfer is Sacombank at the price of 3,479.20 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, May 27, 2024, survey at the market price at 9:00 am this morning; the price is stable in both directions with specific prices: buying at 3,515.00 VND/CNY, selling at 3,565.00 VND/CNY.
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| Yuan exchange rate at the market price today, May 27, 2024 (Photo taken at 9:00 a.m.). |
In Hanoi, Ha Trung Street (Hoan Kiem District) is the largest foreign exchange street where many popular currencies can be exchanged, 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 Vietnamese law.
Yuan Forecast
The People's Bank of China (PBOC), the central bank, has invited brokerages to advise on the pricing of the first batch of government bonds, which Beijing announced at the annual session of the National People's Congress in March to support investment in key sectors of the economy and bolster economic recovery amid a prolonged property crisis, sources said.
“This bond issuance is an important part of China’s overall efforts to support important, urgent and challenging projects that are crucial to economic modernization,” Liu Sushe, deputy head of the National Development and Reform Commission (NDRC), said in a statement in April. “These are long-planned but unimplemented projects that require central-level impetus.”
China’s plan to issue $140 billion in long-term bonds comes after local banks bought government bonds in the first quarter of this year, pushing yields on government bonds to record lows. Government bonds are seen by banks as a “safe haven” from the volatility in China’s stock and property markets.
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 simplified 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 only circulates 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!
Source: https://congthuong.vn/ty-gia-nhan-dan-te-hom-nay-2752024-cny-tai-ngan-hang-tang-giam-trai-chieu-cho-den-on-dinh-322553-322553.html
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