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First Digital USD to Chinese Yuan Converter and calculator

Convert 1First Digital USD (FDUSD) to Chinese Yuan (CNY) equals ¥ 7.2 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of First Digital USD(FDUSD) to Chinese Yuan(CNY). This is the real-time data. The current conversion shows 1 FDUSD at a value of 1 FDUSD for 7.20 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.

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Bitget crypto-to-fiat exchange data shows that the most popular First Digital USD currency pair is the FDUSD to CNY, with for First Digital USD's currency code being FDUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CNY.

FDUSD to CNY conversion rate trend

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In the past 1D, First Digital USD has changed -0.10% to CNY. Based on the trend and price charts, First Digital USD(FDUSD) has changed -0.10% to CNY while Chinese Yuan(CNY) has changed % to FDUSD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
¥7.2
0.0001% / 0.0004%vip-iconVIP
Binance
¥7.21
0.1000% / 0.1000%
Yes
Gate.io
¥7.2
0.1000% / 0.1000%
Yes
Last updated 2024/02/23 21:00:21(UTC+0)

What factors influence the conversion rate of First Digital USD to Chinese Yuan?

First Digital USD to Chinese Yuan is rising this week.
First Digital USD's current market price is ¥ 7.2 per FDUSD, with a total market cap of ¥ 23,823,467,886.95 CNY based on a circulating supply of 3,306,729,200 FDUSD. The trading volume of First Digital USD has changed by -15.72% (¥ -7,573,508,973.87 CNY) in the last 24 hours. Last trading day, FDUSD's trading volume was ¥ 48,183,055,145.47.
Market cap
$3.31B
24h volume
$5.64B
Circulating supply
3.31B FDUSD

Conversion tables

The exchange rate of First Digital USD is increasing.
1 FDUSD is currently valued at ¥ 7.2 CNY , which means buying 5 FDUSD will cost ¥ 36.02 CNY . Similarly, ¥1 CNY can be traded for 0.1388 FDUSD, and ¥50 CNY can be converted to 6.94 FDUSD, excluding any platform or gas fees.
The exchange rate of 1 FDUSD to Chinese Yuan has changed by +0.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.10%, reaching a high of 7.22 CNY and a low of 7.2 CNY . One month ago, the value of 1 FDUSD was ¥ 7.18 CNY , which represents a +0.28% change from its current value. Over the last year, First Digital USD has changed by
+¥
0.005898CNY
, resulting in a change of --% in its value.

FDUSD to CNY

Amount
21:18 today
0.5 FDUSD
¥3.6
1 FDUSD
¥7.2
5 FDUSD
¥36.02
10 FDUSD
¥72.05
50 FDUSD
¥360.23
100 FDUSD
¥720.45
500 FDUSD
¥3,602.27
1000 FDUSD
¥7,204.54

CNY to FDUSD

Amount21:18 today
0.5CNY0.06940  FDUSD
1CNY0.1388  FDUSD
5CNY0.6940  FDUSD
10CNY1.39  FDUSD
50CNY6.94  FDUSD
100CNY13.88  FDUSD
500CNY69.4  FDUSD
1000CNY138.8  FDUSD
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Today vs. 24 hours ago

Amount21:18 today24 hours ago24h change
0.5 FDUSD$0.5005$0.5010
-0.10%
1 FDUSD$1$1
-0.10%
5 FDUSD$5$5.01
-0.10%
10 FDUSD$10.01$10.02
-0.10%
50 FDUSD$50.05$50.1
-0.10%
100 FDUSD$100.1$100.2
-0.10%
500 FDUSD$500.48$500.98
-0.10%
1000 FDUSD$1,000.96$1,001.95
-0.10%

Today vs. 1 month ago

Amount21:18 today1 month ago1M change
0.5 FDUSD$0.5005$0.4991
+0.28%
1 FDUSD$1$0.9982
+0.28%
5 FDUSD$5$4.99
+0.28%
10 FDUSD$10.01$9.98
+0.28%
50 FDUSD$50.05$49.91
+0.28%
100 FDUSD$100.1$99.82
+0.28%
500 FDUSD$500.48$499.09
+0.28%
1000 FDUSD$1,000.96$998.18
+0.28%

Today vs. 1 year ago

Amount21:18 today1 year ago1Y change
0.5 FDUSD$0.5005$0.{4}7248
--
1 FDUSD$1$0.0001450
--
5 FDUSD$5$0.0007248
--
10 FDUSD$10.01$0.001450
--
50 FDUSD$50.05$0.007248
--
100 FDUSD$100.1$0.01450
--
500 FDUSD$500.48$0.07248
--
1000 FDUSD$1,000.96$0.1450
--

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FAQ

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.