Convert Singapore Dollar to Chinese Yuan
Please provide values below to convert Singapore Dollar [SGD] to Chinese Yuan [CNY], or Convert Chinese Yuan to Singapore Dollar.
How to Convert Singapore Dollar to Chinese Yuan
1 SGD = 0.178382748574694 CNY
Example: convert 15 SGD to CNY:
15 SGD = 15 × 0.178382748574694 CNY = 2.67574122862042 CNY
Singapore Dollar to Chinese Yuan Conversion Table
| Singapore Dollar | Chinese Yuan |
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Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).