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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.61%
BTC/USDT$76993.55 (-7.63%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.61%
BTC/USDT$76993.55 (-7.63%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
WUSD
CNY
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Worldwide USD(WUSD) to Chinese Yuan(CNY). This is the real-time data. The current conversion shows 1 WUSD at a value of 1 WUSD for 7.32 CNY . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
CNY 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.
Bitget crypto-to-fiat exchange data shows that the most popular Worldwide USD currency pair is the WUSD to CNY, with for Worldwide USD's currency code being WUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CNY.
WUSD to CNY conversion rate trend
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In the past 1D, Worldwide USD has changed +0.26% to CNY. Based on the trend and price charts, Worldwide USD(WUSD) has changed +0.26% to CNY while Chinese Yuan(CNY) has changed % to WUSD in the last 24 hours.
WUSD to CNY market statistics
WUSD/CNY:
¥ 7.32
WUSD 24h volume:
¥ 18,675,547.92
WUSD market cap:
¥ 50,420,396.49
WUSD circulating supply:
6.88M WUSD
More info about Worldwide USD on Bitget
Current WUSD to CNY exchange rate
Worldwide USD to Chinese Yuan is rising this week.Worldwide USD's current market price is ¥ 7.32 per WUSD, with a total market cap of ¥ 50,420,396.49 CNY based on a circulating supply of 6,884,747 WUSD. The trading volume of Worldwide USD has changed by +95.78% (¥ 9,136,612.11 CNY) in the last 24 hours. Last trading day, WUSD's trading volume was ¥ 9,538,935.81.
WUSD to CNY Conversion tables
The exchange rate of Worldwide USD is decreasing.1 WUSD is currently valued at ¥ 7.32 CNY , which means buying 5 WUSD will cost ¥ 36.62 CNY . Similarly, ¥1 CNY can be traded for 0.1365 WUSD, and ¥50 CNY can be converted to 6.83 WUSD, excluding any platform or gas fees.
The exchange rate of 1 WUSD to Chinese Yuan has changed by +0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.26%, reaching a high of 7.37 CNY and a low of 6.74 CNY . One month ago, the value of 1 WUSD was ¥ 7.32 CNY , which represents a -0.02% change from its current value. Over the last year, Worldwide USD has changed by , resulting in a change of -0.05% in its value.
-¥
0.003832CNYWUSD to CNY
Amount
05:39 am today
0.5 WUSD
¥3.66
1 WUSD
¥7.32
5 WUSD
¥36.62
10 WUSD
¥73.23
50 WUSD
¥366.17
100 WUSD
¥732.35
500 WUSD
¥3,661.75
1000 WUSD
¥7,323.49
CNY to WUSD
Amount05:39 am today
0.5CNY0.06827 WUSD
1CNY0.1365 WUSD
5CNY0.6827 WUSD
10CNY1.37 WUSD
50CNY6.83 WUSD
100CNY13.65 WUSD
500CNY68.27 WUSD
1000CNY136.55 WUSD
WUSD to CNY Today vs. 24 hours ago
| Amount | 05:39 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 WUSD | ¥3.66 | ¥3.65 | +0.26% |
| 1 WUSD | ¥7.32 | ¥7.3 | +0.26% |
| 5 WUSD | ¥36.62 | ¥36.52 | +0.26% |
| 10 WUSD | ¥73.23 | ¥73.05 | +0.26% |
| 50 WUSD | ¥366.17 | ¥365.23 | +0.26% |
| 100 WUSD | ¥732.35 | ¥730.45 | +0.26% |
| 500 WUSD | ¥3,661.75 | ¥3,652.26 | +0.26% |
| 1000 WUSD | ¥7,323.49 | ¥7,304.52 | +0.26% |
WUSD to CNY Today vs. 1 month ago
| Amount | 05:39 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 WUSD | ¥3.66 | ¥3.66 | -0.02% |
| 1 WUSD | ¥7.32 | ¥7.32 | -0.02% |
| 5 WUSD | ¥36.62 | ¥36.62 | -0.02% |
| 10 WUSD | ¥73.23 | ¥73.25 | -0.02% |
| 50 WUSD | ¥366.17 | ¥366.25 | -0.02% |
| 100 WUSD | ¥732.35 | ¥732.5 | -0.02% |
| 500 WUSD | ¥3,661.75 | ¥3,662.48 | -0.02% |
| 1000 WUSD | ¥7,323.49 | ¥7,324.96 | -0.02% |
WUSD to CNY Today vs. 1 year ago
| Amount | 05:39 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 WUSD | ¥3.66 | ¥3.66 | -0.05% |
| 1 WUSD | ¥7.32 | ¥7.33 | -0.05% |
| 5 WUSD | ¥36.62 | ¥36.64 | -0.05% |
| 10 WUSD | ¥73.23 | ¥73.27 | -0.05% |
| 50 WUSD | ¥366.17 | ¥366.37 | -0.05% |
| 100 WUSD | ¥732.35 | ¥732.73 | -0.05% |
| 500 WUSD | ¥3,661.75 | ¥3,663.66 | -0.05% |
| 1000 WUSD | ¥7,323.49 | ¥7,327.32 | -0.05% |
How to convert WUSD to CNY
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Convert WUSD to CNY
Use a variety of payment options to buy Worldwide USD on Bitget. We'll show you how.
Learn MoreBuy WUSD (or USDT) for CNY (Chinese Yuan) offers
Bitget P2P trading does not currently support direct buying of WUSD with CNY. However, you can buy USDT in Bitget P2P trading first, and then buy WUSD with USDT via Bitget spot market.
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Sell WUSD (or USDT) for CNY (Chinese Yuan) offers
Bitget P2P trading currently does not support direct selling of WUSD to CNY. However, you can first exchange WUSD for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of WUSD to CNY?
There are many factors that affect the relationship between Worldwide USD and Chinese Yuan, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of WUSD/CNY. When there is positive news in the market about the widespread adoption of WUSD or major technological breakthroughs, it tends to trigger market optimism and drive the rise of WUSD/CNY. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in WUSD/CNY.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of WUSD/CNY. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Worldwide USD and adjust their investment strategies accordingly in the evolving market.
Worldwide USD price prediction
What will the price of WUSD be in 2026?
Based on WUSD's historical price performance prediction model, the price of WUSD is projected to reach $1.04 in 2026.
What will the price of WUSD be in 2031?
In 2031, the WUSD price is expected to change by +28.00%. By the end of 2031, the WUSD price is projected to reach $1.69, with a cumulative ROI of +69.06%.
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Popular Worldwide USD Converter
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1 WUSD to NT$ 33.1 TWD
WUSD to CNY
1 WUSD to ¥ 7.32 CNY
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1 WUSD to $ 0.9995 USD
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1 WUSD to € 0.9100 EUR
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1 WUSD to $ 1.42 CAD
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1 WUSD to ₩ 1,462.92 KRW
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1 WUSD to ¥ 145.95 JPY
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1 WUSD to £ 0.7747 GBP
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1 WUSD to R$ 5.87 BRL
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Worldwide USD and CNY.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Worldwide USD and CNY. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Worldwide USD in CNY, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
What is WUSD and how is it related to CNY?
WUSD is a type of stablecoin pegged to a specific value, often used for digital trading and transactions. CNY is the Chinese Yuan, the official currency of China. The relationship often involves conversion or exchange rates between the two.
How can I convert WUSD to CNY?
You can convert WUSD to CNY through cryptocurrency exchanges that support these currencies. Find an exchange, check the prevailing rates, and execute a trade to convert your WUSD to CNY.
Are there any fees involved in converting WUSD to CNY?
Yes, most exchanges charge a transaction fee when converting WUSD to CNY. The fee can vary based on the exchange platform and its fee structure.
Is WUSD available in all cryptocurrency exchanges?
Not all exchanges support WUSD. It is crucial to verify if your chosen exchange lists WUSD before attempting any conversion or transactions.
Is it safe to convert WUSD to CNY on online platforms?
Converting WUSD to CNY on reputable and regulated exchanges is generally safe. Ensure using platforms with strong security measures and good user reviews.
Can I use WUSD in China like regular CNY?
No, WUSD is a digital asset and not a legal tender in China. While it can be used for online transactions, it cannot be used like fiat CNY for in-store purchases.
What influences the conversion rate between WUSD and CNY?
The conversion rate between WUSD and CNY is influenced by market demand and supply, exchange platform rates, and global economic factors.
Are there any legal considerations when converting WUSD to CNY in China?
Yes, China has strict regulations on cryptocurrency transactions. Ensure compliance with local laws to avoid legal issues when converting WUSD to CNY.
What are the advantages of using WUSD instead of CNY?
WUSD offers ease of use in online transactions and may provide a store of value less affected by inflation compared to CNY.
Can I withdraw CNY directly from a WUSD wallet?
No, you need to first convert WUSD to CNY through a supported exchange and then withdraw CNY to your bank account.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
