Today's Yuan Exchange Rate
Today's Chinese Yuan (CNY) exchange rate, April 18, 2024, the Chinese Yuan exchange rate of Vietnam Joint Stock Commercial Bank for Foreign Trade (VCB) remains unchanged in both trading directions compared to yesterday (April 17). The buying price of VCB's Chinese Yuan is 3,419.83 VND/CNY and the selling price is 3,565.76 VND/CNY.
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| Foreign exchange rates at Vietcombank today, April 18, 2024 (Photo taken at 9:30 am) |
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 18, 2024, the CNY exchange rate compared to yesterday (April 17) at BIDV Bank, the highest CNY transfer buying price is 3,458.00 VND/CNY.
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| Today's Yuan exchange rate April 18, 2024 at some banks (Photo taken at 9:30 am) |
Comparing the Chinese Yuan (CNY) exchange rate between the 5 largest banks in Vietnam, today, April 18, 2024, the CNY exchange rate in the buying direction has 0 banks increasing the buying price, 0 banks decreasing the buying price and 5 banks keeping the buying price unchanged compared to yesterday.
Meanwhile, in the selling direction, 1 bank increased the selling price, 1 bank decreased the selling price and 3 banks kept selling prices unchanged from yesterday.
Today is a holiday, the Foreign Trade Bank bought the highest Chinese Yuan (CNY) at 3,419.83 VND/CNY. The lowest selling Chinese Yuan (CNY) was the Bank for Investment and Development of Vietnam at 3,551.00 VND/CNY.
Today, April 18, 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 18, 2024, surveying the market price at 9:30 am, the afternoon buying price of Chinese Yuan increased by 10 VND/CNY, the afternoon selling price increased by 20 VND/CNY. The buying price of Chinese Yuan is 3,487.00 VND/CNY and the selling price is 3,547.00 VND/CNY.
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| Foreign currency price list at the market today April 18, 2024 (Photo taken at 9:30 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.
China’s central bank (PBOC) also drew attention as it pegged the yuan to its weakest level since March 25 to support the economy. However, the move could fuel concerns about government intervention in the foreign exchange market and further weigh on investor sentiment.
The data will play a key role in determining China’s first-quarter GDP growth figure. Analysts expect China’s first-quarter GDP to fall to 4.6% year-on-year in 2024, down from 5.2% in the previous quarter. That would be the slowest growth since the first quarter of 2023 and reflects the challenges facing the Chinese economy, including a weakening property market and the impact of the trade war with the United States.
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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