The Chinese RMB to Pounds Sterling exchange rate can be a bit tricky to navigate, but with the right information, you can make informed decisions about your money.
The RMB, also known as the Yuan, is the official currency of China and is divided into 100 fen. You can exchange RMB for Pounds Sterling at a bank, currency exchange office, or online.
To get the best exchange rate, it's essential to shop around and compare rates from different providers. According to the article, the exchange rate can fluctuate depending on market conditions, so it's crucial to stay up-to-date.
The most common exchange rate you'll see is the spot rate, which is the current market rate. However, you may also come across the forward rate, which is a fixed rate for a future exchange.
Understanding RMB to Pounds Conversion
Currency conversion rates for Chinese Yuan Renminbi (RMB) to British Pounds can differ between companies as each company manipulates the interbank rate to make a profit, often on volume.
The interbank rate is usually the rate you get when trading in large volumes, and it's the rate that's most favorable to you. However, some companies post interbank rates online to lure in new customers, only to change the rate drastically once you're onboard.
The market for trading is most liquid in the UK and US market, from 8am GMT to 5pm EST, which is when the difference between the bid and ask rates is minimal. Outside these hours, you may have to pay a higher rate as an insurance against fluctuations.
The average exchange rate for Chinese Yuan Renminbi to British Pound from January 11, 2024 to January 10, 2025 was 0.1090 British Pounds per Chinese Yuan Renminbi.
Here's a table showing the conversion rates for Chinese Yuan Renminbi to British Pounds:
As of January 13, 2025 07:55 AM UTC, 100 Chinese Yuan Renminbi is equivalent to 11.226 British Pounds, with an exchange rate of 0.1123 British Pounds per Chinese Yuan Renminbi.
Market Analysis
The Chinese Yuan Renminbi has increased +2.52% year-to-date against the British Pound.
This is a significant move, showing the Chinese currency's strength in the current market.
Over the past 10 years, the Chinese Yuan Renminbi has appreciated +7.66% against the British Pound.
This long-term appreciation has given the Chinese Yuan Renminbi a significant edge in purchasing power compared to the British Pound.
Consequently, the Chinese Yuan Renminbi has gained purchasing power compared to the British Pound over the last decade.
Conversion Tools
To convert Chinese Yuan Renminbi (CNY) to British Pounds (GBP), you can use OANDA's free currency converter. This tool allows you to type in currency names, 3-letter ISO currency symbols, or country names to select your currency.
You can convert CNY to GBP, as well as precious metals or obsolete currencies. The converter also provides access to historical currency exchange rates dating back to January 1990.
To get the most recent exchange rate, simply type in the amount you want to convert and the converter will display the value in GBP. For example, 100 CNY is equivalent to 11.226 GBP.
Here are some conversion rates for CNY to GBP:
Note that these conversion rates are based on the average exchange rate from January 11, 2024 to January 10, 2025, which was 0.1090 British Pounds per Chinese Yuan Renminbi.
Historical Rates
The highest CNY to GBP exchange rate in the last 10 years was on September 26, 2022, when each Chinese Yuan Renminbi was worth 0.1310 British Pounds.
If you're looking for exchange rates from previous years, you can view rates between the Chinese Yuan Renminbi and the British Pound for each year from 2016 to 2025 by clicking on the relevant link.
Here are the years with available data: 2025202420232022202120202019201820172016
Highest Rate in the Last Year
The highest CNY to GBP exchange rate in the last year was 0.1127 British Pounds per Chinese Yuan Renminbi on May 7, 2024.
This rate represents a significant milestone in the currency exchange history, marking the point at which the Chinese Yuan Renminbi reached its peak value compared to the British Pound.
The CNY/GBP rate is up +1.26%, indicating that the Chinese Yuan Renminbi has increased in value compared to the British Pound.
This increase in value is a notable trend, showing a positive shift in the currency exchange market.
Lowest Rate in Last Year
The lowest CNY to GBP exchange rate in the last year was a significant point in the currency market. The low point was 0.1059 British Pounds per Chinese Yuan Renminbi on August 27, 2024.
This rate is notable because it's a good reminder that currency exchange rates can fluctuate significantly over time. If you were exchanging money on that day, you would have gotten a lot more pounds for your Chinese Yuan Renminbi.
The exact date of this low point is August 27, 2024, a date that might be etched in the memories of currency traders and enthusiasts.
View Our Historical Rate Graph
If you want to get a sense of how the Chinese Yuan Renminbi has performed over time, you can view our historical rate graph. We have rates available for every year from 2016 to 2025.
To give you a better idea, here are the years for which we have historical rates available: 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, and 2016.
You can also check out the current exchange rate, which as of January 13, 2025, is 0.1123 British Pounds per Chinese Yuan Renminbi. This means that 100 Chinese Yuan Renminbi is equivalent to 11.226 British Pounds.
Highest Rate in Last 10 Years
The highest CNY to GBP exchange rate in the last 10 years was on September 26, 2022, when each Chinese Yuan Renminbi was worth 0.1310 British Pounds.
This rate is significantly higher than the current rate, which can fluctuate constantly due to various market factors.
If you were to exchange currency on that day, you would have gotten a much better deal than you would today.
It's worth noting that exchange rates can be unpredictable and may drop or rise at any moment, so it's always a good idea to check current rates before making any transactions.
Frequently Asked Questions
Are RMB and yuan the same?
RMB and yuan are often used interchangeably, but technically, RMB is the official currency name, while yuan is its principal unit of measurement.
How much is 1 yuan to 1 pound?
As of 31/12/2024, 1 Chinese Yuan is equivalent to approximately 0.1091 British Pounds. Check our live currency converter for the latest exchange rates and charts.
How much is 1 GBP to 1 yuan?
As of January 1, 2025, 1 GBP is equivalent to approximately 9.16 CNY. Please note that exchange rates may vary depending on the provider.
What currency is CNY?
The CNY is the Chinese yuan renminbi, also known as the people's currency. It's the official currency of the People's Republic of China, denoted by the symbol ¥.
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