GUC to CNY Converter and calculator


Conversion rates
Convert GUC to CNY
Convert CNY to GUC
GUC to CNY chart
GUC to CNY conversion data: Volatility and price changes of Green Universe Coin in CNY
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0002408 CNY | 0.0002408 CNY | 0.0002408 CNY | 0.001820 CNY |
Low | 0.0002406 CNY | 0.0001165 CNY | 0.{4}3716 CNY | 0.{5}7180 CNY |
Average | 0 CNY | 0 CNY | 0 CNY | 0 CNY |
Volatility | % | % | % | % |
Change | -0.02% | +106.28% | +50.09% | +400.26% |
Green Universe Coin information
GUC to CNY market statistics
Current GUC to CNY exchange rate
Green Universe Coin to Chinese Yuan is rising this week.More info about Green Universe Coin on Bitget
Chinese Yuan information
About the Chinese Yuan (CNY)
What Is the Chinese Yuan (CNY)?
The Chinese Yuan, denoted as CNY and symbolized by ¥, is the official currency of the People's Republic of China. It's also known as Renminbi (RMB), which translates to "People's Currency". The basic unit of the Renminbi is the yuan, and it's often used to refer to the Chinese currency, especially in international contexts. One yuan is subdivided into 10 jiao, and a jiao is further divided into 10 fen. The Chinese Yuan is the sole legal tender in the People's Republic of China.
The Chinese Yuan is issued by the People's Bank of China (PBOC), the monetary authority of the People's Republic of China. The PBOC oversees the production, distribution, and regulation of the currency, ensuring its stability and integrity in the financial system. In addition to managing the physical banknotes and coins, the central bank also regulates digital forms of the currency, including the recently introduced Digital Yuan.
What Is the History of CNY?
The Chinese Yuan was introduced by the People's Bank of China in December 1948, replacing various currencies circulating in the Communist-controlled areas. The currency underwent several revaluations, the most significant of which occurred in 1955, to combat hyperinflation. Initially pegged to the US dollar, the Chinese Yuan's value was adjusted to improve the competitiveness of Chinese exports as China transitioned to a market economy. Since 2006, the Yuan exchange rate has been allowed to float within a narrow margin around a fixed base rate, determined with reference to a basket of world currencies.
Notes and Coins of CNY
The Chinese Yuan is available in both coin and banknote forms. Coins range from ¥0.01 to ¥1, and banknotes are available in denominations from ¥0.1 to ¥100. The design and features of these notes and coins have evolved over time, with the latest series featuring advanced security features.
What is Digital Yuan (e-CNY)?
The Digital Yuan, also known as the Digital Currency Electronic Payment (DCEP), is the digital form of the People's Republic of China's official currency, the Renminbi (RMB). Launched in response to the rising trend of cashless transactions and the global shift towards digital currencies, the Digital Yuan aims to enhance transaction efficiency, bolster monetary policy, and provide a secure alternative to physical cash. Unlike decentralized cryptocurrencies, it operates under a centralized system, ensuring alignment with China's financial policies. The Digital Yuan features "controllable anonymity," balancing user privacy with state oversight to prevent illegal activities. Its introduction, marked by pilot programs in various cities and prominent use during the 2022 Winter Olympics, positions China as a leader in the realm of digital currencies issued by major economies and signals a significant shift in the global financial landscape towards embracing digital currency technology.
What Is the Difference Between CNY and RMB?
The terms "CNY" and "RMB" are often used interchangeably when referring to the currency of the People's Republic of China, but they have slightly different meanings:
● RMB (Renminbi): The term "Renminbi," which means "People's Currency" in Mandarin, is the official name of the currency of China. It represents the currency system as a whole. Renminbi is the broader term that denotes the medium of exchange provided by the People's Bank of China.
● CNY (Chinese Yuan): The term "Yuan" refers to the unit of the Renminbi currency. CNY is the international ISO currency code for the Chinese Yuan. When financial transactions are conducted internationally, or when exchange rates are mentioned, the abbreviation "CNY" is typically used.
In summary, while RMB refers to the currency system of China, CNY specifically denotes the unit of that currency used in international trading and financial contexts.
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GUC to CNY Conversion tables
Amount | 22:06 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GUC | ¥0.0001203 | ¥0.0001203 | -0.02% |
1 GUC | ¥0.0002406 | ¥0.0002407 | -0.02% |
5 GUC | ¥0.001203 | ¥0.001203 | -0.02% |
10 GUC | ¥0.002406 | ¥0.002407 | -0.02% |
50 GUC | ¥0.01203 | ¥0.01203 | -0.02% |
100 GUC | ¥0.02406 | ¥0.02407 | -0.02% |
500 GUC | ¥0.1203 | ¥0.1203 | -0.02% |
1000 GUC | ¥0.2406 | ¥0.2407 | -0.02% |
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