USD/CNY Long-term forecast and trade ideas : 1 US Dollar to Chinese Renminbi (RMB) Yuan exchange rates





[ Terms ]
BUY : Buy (open buy-position)
BUY-Hold : Hold existing Buy-position without another buying
BUY-Add : Buy more with holding existing Buy-position
BUY-CloseN : Close all Buy-Positions Now, expected not to hit the target
BUY-CloseT : Close all Buy-Positions at around Target, expected to hit the target
SELL : Sell (open sell-position)
SELL-Hold : Hold existing Sell-position without another selling
SELL-Add : Sell more with holding existing Sell-position
SELL-CloseN : Close all Sell-Positions Now, expected not to hit the target
SELL-CloseT : Close all Sell-Positions at around Target, expected to hit the target
Watch : Watching with interest
Uninterested : Not interested yet


USD/CNY Long-term forecast and trade ideas : 1 US Dollar to Chinese Renminbi (RMB) Yuan exchange rates
Chinese Renminbi Yuan (Sign: ¥ / 元(圆), Currency code: CNY /CNH)
CNY (¥) = Chinese Yuan.
RMB = Renminbi. Renminbi is the name of the currency and Yuan is the unit of Renminbi.

Basic unit of the renminbi: Yuan (Chinese: 元/圆).
Official currency of the People's Republic of China.
Currently, Renminbi is traded onshore (in mainland China: CNY) and offshore (mainly in HonKong: CNH). The former is referred to as CNY and the latter referred to as CNH. Thus, while the RMB is just one currency, it trades at two difference exchange rates depending on where it is traded.

The differences between CNY, CNH and RMB
Chinese currency is officially called 'Renminbi (RMB)'. RMB is its currency name and Yuan (¥) is the unit of account. CNY and CNH are both international standard currency codes for Chinese currency (ISO Currency codes). CNY exchange rate is fixed by the Chinese central bank (PBoC: People’s Bank of China), CNH exchange rate is driven by private demand and supply for CNH.