Currency CNY to CAD Conversion and Analysis

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Close-up of an engineer using CAD software for vertical farm design on a desktop computer.
Credit: pexels.com, Close-up of an engineer using CAD software for vertical farm design on a desktop computer.

The Chinese yuan, also known as CNY, is a highly traded currency in the global market.

Its conversion to Canadian dollars, or CAD, is a crucial aspect for businesses and individuals with financial ties between China and Canada.

The conversion rate between CNY and CAD can fluctuate significantly, with an average exchange rate of 1 CNY to 0.15 CAD, based on historical data.

This exchange rate can impact the value of goods and services traded between the two countries.

Convert with Live

To convert Chinese Yuan Renminbi (CNY) to Canadian Dollars (CAD) with live exchange rates, you can use OANDA's Currency Converter. This tool allows you to check the latest foreign exchange average bid/ask rates and convert all major world currencies.

OANDA's Currency Converter is a reliable source for up-to-date exchange rates, and it's free to use. You can type in currency names, 3-letter ISO currency symbols, or country names to select your currency.

Credit: youtube.com, How To Make Live Currency Conversion In Excel

To convert CNY to CAD, simply enter the amount of CNY you want to convert, and the converter will show you the equivalent value in CAD. For example, 100 CNY is equivalent to 19.739 CAD.

Here are the conversion rates for CNY to CAD:

These conversion rates are based on the latest exchange rates and are updated regularly. By using OANDA's Currency Converter, you can stay up-to-date with the latest exchange rates and make informed decisions about your currency conversions.

Understanding CNY to CAD

So you're trying to figure out how to convert Chinese Yuan (CNY) to Canadian Dollars (CAD). The exchange rate can fluctuate, but one thing's for sure: CNY has a fixed exchange rate to CAD, pegged at 1 CNY = 0.15 CAD.

The People's Bank of China, China's central bank, is responsible for setting the exchange rate. They've maintained a fixed rate since 2005, allowing for a smooth and stable exchange.

Credit: youtube.com, Canadian Dollar to Chinese yuan Rates Today 05 JULY 2024

You can easily convert CNY to CAD using a currency converter or a bank's exchange rate. The conversion rate is also available on various online platforms, making it convenient for travelers and traders.

The fixed exchange rate has helped China maintain economic stability, but it's worth noting that the rate can be adjusted periodically by the central bank.

Historical Data

Historical data is essential for making informed decisions when it comes to currency exchange.

The exchange rate between the Chinese Yuan Renminbi (CNY) and the Canadian Dollar (CAD) has remained relatively stable over the past few days, with a slight increase in value for the CNY.

According to historical data, on the 4th of January 2025, the exchange rate was 1 CNY = 0.1974 CAD. This is consistent with the rate on the 3rd of January 2025.

However, on the 28th of December 2024, the exchange rate was 1 CNY = 0.1976 CAD, which is slightly higher than the rate on the 4th of January 2025.

Credit: youtube.com, Convert Canadian Dollars to Chinese Yuan Renminbi Exchange Rates Today 6 September 2024

Here's a summary of the exchange rate for the last 14 days:

For a more detailed view of the exchange rate, you can refer to the historical data table provided, which shows the exchange rate for the last week of December 2024 and the first week of January 2025.

Market Analysis

The Chinese yuan (CNY) to Canadian dollar (CAD) exchange rate has been influenced by global economic trends. The Chinese economy has been growing rapidly, leading to an increase in demand for the CNY.

China's trade surplus with Canada has also played a significant role in the exchange rate. According to the data, China's trade surplus with Canada was 23.8 billion CAD in 2020. This surplus has contributed to the appreciation of the CNY against the CAD.

Trend in Last Year

The CNY to CAD exchange rate has seen some interesting changes in the last year. The highest exchange rate was 0.1983 Canadian Dollars per Chinese Yuan Renminbi on December 18, 2024.

Credit: youtube.com, How To Identify Trends in Markets (Never Guess Again)

Compared to the Canadian Dollar, the Chinese Yuan Renminbi has increased in value, with a +5.17% change over the last year. This means the Chinese Yuan Renminbi has gained strength against the Canadian Dollar.

It's worth noting that this increase in value is a positive trend for those holding Chinese Yuan Renminbi.

Top 10 Year Highlights

In the last 10 years, the highest CNY to CAD exchange rate was on January 19, 2016, when each Chinese Yuan Renminbi was worth 0.2232 Canadian Dollars.

The lowest CNY to CAD exchange rate in the last 10 years was not specified in the provided article sections, but we can look at the exchange rates by year to see the fluctuations.

To view the exchange rates between the Chinese Yuan Renminbi and the Canadian Dollar for a particular year, you can click on one of the links below, which include years from 2016 to 2025.

Here are the years with available data:

  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

Frequently Asked Questions

What currency is CNY?

The CNY is the official currency of China, also known as the renminbi (RMB). It's divided into smaller units called yuan, denoted by the symbol ¥.

Sean Dooley

Lead Writer

Sean Dooley is a seasoned writer with a passion for crafting engaging content. With a strong background in research and analysis, Sean has developed a keen eye for detail and a talent for distilling complex information into clear, concise language. Sean's portfolio includes a wide range of articles on topics such as accounting services, where he has demonstrated a deep understanding of financial concepts and a ability to communicate them effectively to diverse audiences.

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