Chinese Yuan Renminbi to Australian Dollar — exchange rate

The Chinese yuan (symbol  ¥, code: CNY, number 156) is the main national currency in the People's Republic of China. CNY is used in conversions, and on the global exchange markets. One yuan is divided into 10 jiao, and the latter one contains 10 fen.

Small coins are not commonly used in payments. The Chinese yuan was issued to the market in 1949. The predecessor of the currency was the yuan of Inner Mongolia. CNY is not used on the territory of two PRC cities: Hong Kong and Macao. These localities have their own currency units.

The Australian dollar (symbol: $ ,code: AUD, number 036) is the currency of the Commonwealth of Australia. It is used not only on the territory of Australia, but also on the adjacent islands: Cocos Islands, Norfolk, and Christmas Islands. $ is identified as AUD or by the classic dollar sign on the global financial market.

One AUD is 100 cents. It has come into action in 1966, replacing the Australian pound. Since the late 80s, banknotes have been being made from special flexible plastic instead of paper. It makes money last longer in humid Australian climate. Interestingly, all banknotes have the same height, but are different in length. On the notes you can find portraits of historical and political figures, important buildings and objects. Australia also regularly issues commemorative coins worth 50 cents.