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base info Orchid

Orchid to Chinese Yuan Converter and calculator

Convert 1Orchid (OXT) to Chinese Yuan (CNY) equals ¥ 0.7389 | Bitget

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 Orchid currency pair is the OXT to CNY, with for Orchid's currency code being OXT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CNY.

OXT to CNY conversion rate trend

1D7D1M3M1YAll
In the past 1D, Orchid has changed -9.29% to CNY. Based on the trend and price charts, Orchid(OXT) has changed -9.29% to CNY while Chinese Yuan(CNY) has changed % to OXT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
¥0.7604
0.0001% / 0.0004%vip-iconVIP
Binance
¥0.7635
0.1000% / 0.1000%
Yes
OKX
¥0.7650
0.080% / 0.100%
Yes
Huobi
¥0.7621
0.1000% / 0.1000%
Yes
Gate.io
¥0.7641
0.1000% / 0.1000%
Yes
KuCoin
¥0.7637
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 10:00:34(UTC+0)

What factors influence the conversion rate of Orchid to Chinese Yuan?

Orchid to Chinese Yuan is falling this week.
Orchid's current market price is ¥ 0.7389 per OXT, with a total market cap of ¥ 723,977,980.32 CNY based on a circulating supply of 979,779,140 OXT. The trading volume of Orchid has changed by +38.35% (¥ 17,413,000.84 CNY) in the last 24 hours. Last trading day, OXT's trading volume was ¥ 45,407,490.92.
Market cap
$100.03M
24h volume
$8.68M
Circulating supply
979.78M OXT

Conversion tables

The exchange rate of Orchid is decreasing.
1 OXT is currently valued at ¥ 0.7389 CNY , which means buying 5 OXT will cost ¥ 3.69 CNY . Similarly, ¥1 CNY can be traded for 1.35 OXT, and ¥50 CNY can be converted to 67.67 OXT, excluding any platform or gas fees.
The exchange rate of 1 OXT to Chinese Yuan has changed by -31.28% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.29%, reaching a high of 0.8470 CNY and a low of 0.7240 CNY . One month ago, the value of 1 OXT was ¥ 1.06 CNY , which represents a -29.90% change from its current value. Over the last year, Orchid has changed by
+¥
0.09698CNY
, resulting in a change of +15.00% in its value.

OXT to CNY

Amount
10:40 am today
0.5 OXT
¥0.3695
1 OXT
¥0.7389
5 OXT
¥3.69
10 OXT
¥7.39
50 OXT
¥36.95
100 OXT
¥73.89
500 OXT
¥369.46
1000 OXT
¥738.92

CNY to OXT

Amount10:40 am today
0.5CNY0.6767  OXT
1CNY1.35  OXT
5CNY6.77  OXT
10CNY13.53  OXT
50CNY67.67  OXT
100CNY135.33  OXT
500CNY676.66  OXT
1000CNY1,353.33  OXT
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Today vs. 24 hours ago

Amount10:40 am today24 hours ago24h change
0.5 OXT$0.05105$0.05626
-9.29%
1 OXT$0.1021$0.1125
-9.29%
5 OXT$0.5105$0.5626
-9.29%
10 OXT$1.02$1.13
-9.29%
50 OXT$5.1$5.63
-9.29%
100 OXT$10.21$11.25
-9.29%
500 OXT$51.05$56.26
-9.29%
1000 OXT$102.1$112.51
-9.29%

Today vs. 1 month ago

Amount10:40 am today1 month ago1M change
0.5 OXT$0.05105$0.07296
-29.90%
1 OXT$0.1021$0.1459
-29.90%
5 OXT$0.5105$0.7296
-29.90%
10 OXT$1.02$1.46
-29.90%
50 OXT$5.1$7.3
-29.90%
100 OXT$10.21$14.59
-29.90%
500 OXT$51.05$72.96
-29.90%
1000 OXT$102.1$145.92
-29.90%

Today vs. 1 year ago

Amount10:40 am today1 year ago1Y change
0.5 OXT$0.05105$0.04435
+15.00%
1 OXT$0.1021$0.08870
+15.00%
5 OXT$0.5105$0.4435
+15.00%
10 OXT$1.02$0.8870
+15.00%
50 OXT$5.1$4.43
+15.00%
100 OXT$10.21$8.87
+15.00%
500 OXT$51.05$44.35
+15.00%
1000 OXT$102.1$88.7
+15.00%

FAQ

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