Convert CNY to INR – Chinese Yuan to Indian Rupee Online

There are multiple ways to convert currency, you can do it online or opt for a manual method. No matter which method you use, it is important to find out the latest exchange rate. And if you’re looking to convert CNY to INR, this article is for you. 

When travelling from China to India for the first time, it’s essential to have cash in hand. To avoid overspending, make sure you know the latest value of China’s currency. Knowing the value and conversion rate will help you stick to your budget and plan your trip accordingly. So, let’s dig deeper into the conversion process. 

Overview of CNY(Chinese yuan)

CNY or Chinese yuan Renminbi is the official currency of the Republic of China. The full form and short form tend to confuse a lot of people but hold great importance. Yuan represents China’s economy and financial system while Renminbi is the name of the country’s currency. 

1 Yuan equals 10 jiao and one jiao equals 10 fens. The renminbi is issued by the monetary authority of China known as the People’s Bank of China. It is denoted by the symbol ¥.

History of CNY(Chinese yuan)

The renminbi was issued for the first time by the Chinese Communist Party’s People’s Bank of India on 1st December 1948.

During that time the Chinese Communist Party (CCP) and Chinese Nationalist Party were at war wherein, the latter had its own currency. The renminbi was issued for stabilising the communist-acquired areas and led to CCP’s victory. 

In 1949, the Chinese Nationalist Party lost the war officially which led to the new government streamlining its financial system and centralising the foreign exchange management system. 

Overview of INR(Indian Rupee)

INR represents the official currency of India. Earlier symbolised as Rs or Re, the country upgraded and introduced its official symbol as ₹ on 15th July 2010. 

1 Indian Rupee equals 100 paise, where one paise was earlier the smallest denomination of the currency. From 2019 however, coins of Rupee 1 were announced as the smallest denomination of the Indian currency. The controlling authority of INR is the Reserve Bank of India (RBI).    

History of INR(Indian Rupee)

Indian Rupee also known as Rupiya or Rupay was first originated by Sultan Sher Shah Suri. The Mughal emperor issued coins of silver and used the term Rupiya for them. The history of Indian currency is known to be one of the oldest along with Lydian staters and Chinese wen.  Amongst the first paper rupee issuer were the Bengal Bank, Bank of Hindustan, the General Bank of Bihar and Bengal. 

CNY to INR Forecast

The following table displays the Chinese yuan to INR forecast for the remaining months of 2022. 

Convert CNY to INR

Before getting into the conversion process of Chinese yuan to INR, it’s essential to understand the relationship between both currencies. 

The relation between CNY and INR can be mathematically expressed as-

1 CNY = 11.84 INR, and

1 INR = 0.085CNY

Now that we know the value of 1 yuan in rupees is ₹ 11.84, let’s find out how to convert CNY to INR?

It’s pretty simple. Just multiply the CNY value that you wish to convert by 11.84 and it’s done! 

Take a look at the following examples for further clarification:

INR = value of CNY x 11.84

Example 1: Convert 500 yuan in rupees

Sol: Following the same process as above, we will get-

INR = 500x 11.84 = 5920

Therefore, 500 Chinese Yuan is equivalent to 5920 Indian Rupees.

Example 2: Convert 2000 yuan to rupees

Sol: Putting the value of CNY in the conversion formula, we will get-

INR = 2000 x 11.84 = 23680

Thus, 2000 Chinese Yuan is equivalent to 23680 INR. 

Example 3: Convert 1000 yuan in rupees

Sol: Putting the value of CNY in the conversion formula, we will get-

INR = 1000 x 11.84 = 11840

Thus, 1000 Chinese Yuan is equivalent to 11840 INR.

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Example 5: Convert 10000 yuan in rupees

Sol: Putting the value of CNY in the conversion formula, we will get-

INR = 10000 x 11.84 = 118400

Thus, 10000 Chinese Yuan is equivalent to 118400 INR.

Example 6: Convert 1 million yuan in rupees

Sol: Putting the value of CNY in the conversion formula, we will get-

INR = 1000000 x 11.84 = 11840000 

Thus, 1000000 Chinese Yuan is equivalent to  11840000 INR.

NOTE: You can apply the same method for the rupee to yuan conversion as well. But make sure you check the current value of the INR to CNY currency first. Alternatively, you may also use an online calculator for INR to Chinese yuan conversion. 

CNY Vs INR

There are more differences between CNY and INR than their conversion values. Some of them are as follows:

CNY to INR Conversion Chart

As of 17th February 2022, the value of 1 yuan to INR is ₹11.84. While making the below conversion chart, we have considered the same value: 

FAQ’s about Convert CNY to INR