Course USD(US Dollar)-CNH(Chinese Yuan Renminbi) for today
Quotes USD/CNH for today .
The US central bank is called the Federal Reserve Bank (commonly referred to as "The Fed"). The USD is the most traded currency in the forex market and can be paired with all other major currencies. Common names for the USD include the greenback, buck, green, dough, smacker, bones, dead presidents, scrillas, and paper.
- Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
- The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.
- The U.S.A. has by far the largest economy in the world.
- America faces challenges from developing economies, and has consistently large trade deficits with other nations.
Chinese Yuan Renminbi
Early Currency in China With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued.
- Central bank: People's Bank of China
- “Yuan” means "round coin,” and is the base currency unit. “Renminbi” is the name of the currency. A similar phrase to “yuan renminbi” would be “pound sterling.”
- China is the world’s number 1 exporting country. Its large trade surplus with other nations peaked in 2008.
- China has recently allowed greater flexibility and more convertibility for the yuan to appreciate against the U.S. dollar.