Norwegian Krone Chinese Yuan Renminbi

Convert Norwegian Krone to Chinese Yuan Renminbi with precision
1 Norwegian Krone = 0.712292 Chinese Yuan Renminbi

Quick Answer: 1 Norwegian Krone is equal to 0.71229245637952 Chinese Yuan Renminbi.

Technical Specifications

Scientific context and unit definitions

Chinese Yuan Renminbi

Target Unit

Understanding the Chinese Yuan Renminbi: The Backbone of China's Economy

The Chinese Yuan Renminbi (CNY) is the official currency of the People's Republic of China. This monetary unit, often simply referred to as the "Yuan" or "Renminbi," plays a pivotal role in the global economy. The term "Renminbi" translates to "people's currency," while "Yuan" is the basic unit of the Renminbi. One Yuan is further subdivided into 10 jiao, and each jiao is divided into 10 fen, illustrating a simple yet effective decimal system.

The Chinese Yuan is a fiat currency, meaning it is not backed by a physical commodity like gold or silver. Instead, its value is derived from the economic strength and stability of China. The People's Bank of China, the nation's central bank, is responsible for issuing and regulating the currency. As a legal tender, the Yuan is widely accepted throughout China for various transactions, from everyday purchases to large-scale trade deals.

Globally, the Renminbi has gained significant traction as a reserve currency. Several countries now hold it as part of their foreign exchange reserves. The International Monetary Fund (IMF) included the Yuan in its Special Drawing Rights (SDR) basket, underscoring its growing importance. The currency's internationalization is a testament to China's economic growth and its increasing influence in world trade.

How to Convert Norwegian Krone to Chinese Yuan Renminbi

To convert Norwegian Krone to Chinese Yuan Renminbi, multiply the value in Norwegian Krone by the conversion factor 0.71229246.

Conversion Formula
1 Norwegian Krone × 0.712292 = 0.7123 Chinese Yuan Renminbi

Norwegian Krone to Chinese Yuan Renminbi Conversion Table

Norwegian Krone Chinese Yuan Renminbi

Understanding the Chinese Yuan Renminbi: The Backbone of China's Economy

The Chinese Yuan Renminbi (CNY) is the official currency of the People's Republic of China. This monetary unit, often simply referred to as the "Yuan" or "Renminbi," plays a pivotal role in the global economy. The term "Renminbi" translates to "people's currency," while "Yuan" is the basic unit of the Renminbi. One Yuan is further subdivided into 10 jiao, and each jiao is divided into 10 fen, illustrating a simple yet effective decimal system.

The Chinese Yuan is a fiat currency, meaning it is not backed by a physical commodity like gold or silver. Instead, its value is derived from the economic strength and stability of China. The People's Bank of China, the nation's central bank, is responsible for issuing and regulating the currency. As a legal tender, the Yuan is widely accepted throughout China for various transactions, from everyday purchases to large-scale trade deals.

Globally, the Renminbi has gained significant traction as a reserve currency. Several countries now hold it as part of their foreign exchange reserves. The International Monetary Fund (IMF) included the Yuan in its Special Drawing Rights (SDR) basket, underscoring its growing importance. The currency's internationalization is a testament to China's economic growth and its increasing influence in world trade.

Tracing the Historical Journey of the Chinese Yuan Renminbi

The Renminbi was introduced in 1948 by the People's Bank of China, shortly before the establishment of the People's Republic of China. This move was part of a broader effort to stabilize the economy after years of war and upheaval. Initially, the currency was pegged to the U.S. dollar and later to a basket of international currencies, reflecting the evolving economic strategies of China.

Throughout the 20th century, the Chinese Yuan underwent several reforms. The late 1970s marked a significant turning point as China embarked on economic reforms under the leadership of Deng Xiaoping. These reforms included devaluing the Yuan to make Chinese exports more competitive, spurring economic growth and integration into the global market.

The 21st century saw the internationalization of the Renminbi, with China gradually loosening its control over the currency. Initiatives such as allowing offshore trading in Hong Kong and establishing currency swap lines with other nations have enhanced its global presence. This evolution reflects China's ambition to position the Yuan as a major player in international finance.

Real-World Applications of the Chinese Yuan Renminbi in Today's Economy

Today, the Chinese Yuan is central to both domestic and international economic activities. Within China, it is the primary currency for transactions, from purchasing groceries to buying real estate. The national economy's reliance on the Yuan underscores its significance in facilitating trade, investment, and daily commerce.

Internationally, the Renminbi is increasingly utilized in trade settlements. Countries engaged in significant trade with China, such as those in the Belt and Road Initiative, are more frequently using the Yuan for transactions. This shift reduces reliance on traditional currencies like the U.S. dollar, offering China greater economic leverage.

The financial markets have also seen a rise in the use of the Yuan. It is now included in various financial instruments and investment portfolios worldwide. The currency's inclusion in the IMF's SDR basket has further boosted its reputation, making it an attractive option for investors seeking diversification. The Yuan's expanding role in international finance marks a new chapter in its storied history.

Complete list of Norwegian Krone for conversion

Norwegian Krone → United States Dollar NOK → USD United States Dollar → Norwegian Krone USD → NOK Norwegian Krone → Euro NOK → EUR Euro → Norwegian Krone EUR → NOK Norwegian Krone → British Pound Sterling NOK → GBP British Pound Sterling → Norwegian Krone GBP → NOK Norwegian Krone → Japanese Yen NOK → JPY Japanese Yen → Norwegian Krone JPY → NOK Norwegian Krone → Chinese Yuan Renminbi NOK → CNY Chinese Yuan Renminbi → Norwegian Krone CNY → NOK Norwegian Krone → Australian Dollar NOK → AUD Australian Dollar → Norwegian Krone AUD → NOK Norwegian Krone → Canadian Dollar NOK → CAD Canadian Dollar → Norwegian Krone CAD → NOK Norwegian Krone → Swiss Franc NOK → CHF Swiss Franc → Norwegian Krone CHF → NOK Norwegian Krone → Indian Rupee NOK → INR Indian Rupee → Norwegian Krone INR → NOK
Norwegian Krone → Mexican Peso NOK → MXN Mexican Peso → Norwegian Krone MXN → NOK Norwegian Krone → United Arab Emirates Dirham NOK → AED United Arab Emirates Dirham → Norwegian Krone AED → NOK Norwegian Krone → Afghan Afghani NOK → AFN Afghan Afghani → Norwegian Krone AFN → NOK Norwegian Krone → Albanian Lek NOK → ALL Albanian Lek → Norwegian Krone ALL → NOK Norwegian Krone → Armenian Dram NOK → AMD Armenian Dram → Norwegian Krone AMD → NOK Norwegian Krone → Netherlands Antillean Guilder NOK → ANG Netherlands Antillean Guilder → Norwegian Krone ANG → NOK Norwegian Krone → Angolan Kwanza NOK → AOA Angolan Kwanza → Norwegian Krone AOA → NOK Norwegian Krone → Argentine Peso NOK → ARS Argentine Peso → Norwegian Krone ARS → NOK Norwegian Krone → Aruban Florin NOK → AWG Aruban Florin → Norwegian Krone AWG → NOK
Norwegian Krone → Azerbaijani Manat NOK → AZN Azerbaijani Manat → Norwegian Krone AZN → NOK Norwegian Krone → Bosnia-Herzegovina Convertible Mark NOK → BAM Bosnia-Herzegovina Convertible Mark → Norwegian Krone BAM → NOK Norwegian Krone → Barbadian Dollar NOK → BBD Barbadian Dollar → Norwegian Krone BBD → NOK Norwegian Krone → Bangladeshi Taka NOK → BDT Bangladeshi Taka → Norwegian Krone BDT → NOK Norwegian Krone → Bulgarian Lev NOK → BGN Bulgarian Lev → Norwegian Krone BGN → NOK Norwegian Krone → Bahraini Dinar NOK → BHD Bahraini Dinar → Norwegian Krone BHD → NOK Norwegian Krone → Burundian Franc NOK → BIF Burundian Franc → Norwegian Krone BIF → NOK Norwegian Krone → Bermudan Dollar NOK → BMD Bermudan Dollar → Norwegian Krone BMD → NOK Norwegian Krone → Brunei Dollar NOK → BND Brunei Dollar → Norwegian Krone BND → NOK
Norwegian Krone → Bolivian Boliviano NOK → BOB Bolivian Boliviano → Norwegian Krone BOB → NOK Norwegian Krone → Brazilian Real NOK → BRL Brazilian Real → Norwegian Krone BRL → NOK Norwegian Krone → Bahamian Dollar NOK → BSD Bahamian Dollar → Norwegian Krone BSD → NOK Norwegian Krone → Bitcoin NOK → BTC Bitcoin → Norwegian Krone BTC → NOK Norwegian Krone → Bhutanese Ngultrum NOK → BTN Bhutanese Ngultrum → Norwegian Krone BTN → NOK Norwegian Krone → Botswanan Pula NOK → BWP Botswanan Pula → Norwegian Krone BWP → NOK Norwegian Krone → Belarusian Ruble NOK → BYN Belarusian Ruble → Norwegian Krone BYN → NOK Norwegian Krone → Belize Dollar NOK → BZD Belize Dollar → Norwegian Krone BZD → NOK Norwegian Krone → Congolese Franc NOK → CDF Congolese Franc → Norwegian Krone CDF → NOK
Norwegian Krone → Chilean Unit of Account (UF) NOK → CLF Chilean Unit of Account (UF) → Norwegian Krone CLF → NOK Norwegian Krone → Chilean Peso NOK → CLP Chilean Peso → Norwegian Krone CLP → NOK Norwegian Krone → Chinese Yuan (Offshore) NOK → CNH Chinese Yuan (Offshore) → Norwegian Krone CNH → NOK Norwegian Krone → Colombian Peso NOK → COP Colombian Peso → Norwegian Krone COP → NOK Norwegian Krone → Costa Rican Colón NOK → CRC Costa Rican Colón → Norwegian Krone CRC → NOK Norwegian Krone → Cuban Convertible Peso NOK → CUC Cuban Convertible Peso → Norwegian Krone CUC → NOK Norwegian Krone → Cuban Peso NOK → CUP Cuban Peso → Norwegian Krone CUP → NOK Norwegian Krone → Cape Verdean Escudo NOK → CVE Cape Verdean Escudo → Norwegian Krone CVE → NOK Norwegian Krone → Czech Republic Koruna NOK → CZK Czech Republic Koruna → Norwegian Krone CZK → NOK
Norwegian Krone → Djiboutian Franc NOK → DJF Djiboutian Franc → Norwegian Krone DJF → NOK Norwegian Krone → Danish Krone NOK → DKK Danish Krone → Norwegian Krone DKK → NOK Norwegian Krone → Dominican Peso NOK → DOP Dominican Peso → Norwegian Krone DOP → NOK Norwegian Krone → Algerian Dinar NOK → DZD Algerian Dinar → Norwegian Krone DZD → NOK Norwegian Krone → Egyptian Pound NOK → EGP Egyptian Pound → Norwegian Krone EGP → NOK Norwegian Krone → Eritrean Nakfa NOK → ERN Eritrean Nakfa → Norwegian Krone ERN → NOK Norwegian Krone → Ethiopian Birr NOK → ETB Ethiopian Birr → Norwegian Krone ETB → NOK Norwegian Krone → Fijian Dollar NOK → FJD Fijian Dollar → Norwegian Krone FJD → NOK Norwegian Krone → Falkland Islands Pound NOK → FKP Falkland Islands Pound → Norwegian Krone FKP → NOK
Norwegian Krone → Georgian Lari NOK → GEL Georgian Lari → Norwegian Krone GEL → NOK Norwegian Krone → Guernsey Pound NOK → GGP Guernsey Pound → Norwegian Krone GGP → NOK Norwegian Krone → Ghanaian Cedi NOK → GHS Ghanaian Cedi → Norwegian Krone GHS → NOK Norwegian Krone → Gibraltar Pound NOK → GIP Gibraltar Pound → Norwegian Krone GIP → NOK Norwegian Krone → Gambian Dalasi NOK → GMD Gambian Dalasi → Norwegian Krone GMD → NOK Norwegian Krone → Guinean Franc NOK → GNF Guinean Franc → Norwegian Krone GNF → NOK Norwegian Krone → Guatemalan Quetzal NOK → GTQ Guatemalan Quetzal → Norwegian Krone GTQ → NOK Norwegian Krone → Guyanaese Dollar NOK → GYD Guyanaese Dollar → Norwegian Krone GYD → NOK Norwegian Krone → Hong Kong Dollar NOK → HKD Hong Kong Dollar → Norwegian Krone HKD → NOK
Norwegian Krone → Honduran Lempira NOK → HNL Honduran Lempira → Norwegian Krone HNL → NOK Norwegian Krone → Croatian Kuna NOK → HRK Croatian Kuna → Norwegian Krone HRK → NOK Norwegian Krone → Haitian Gourde NOK → HTG Haitian Gourde → Norwegian Krone HTG → NOK Norwegian Krone → Hungarian Forint NOK → HUF Hungarian Forint → Norwegian Krone HUF → NOK Norwegian Krone → Indonesian Rupiah NOK → IDR Indonesian Rupiah → Norwegian Krone IDR → NOK Norwegian Krone → Israeli New Sheqel NOK → ILS Israeli New Sheqel → Norwegian Krone ILS → NOK Norwegian Krone → Manx pound NOK → IMP Manx pound → Norwegian Krone IMP → NOK Norwegian Krone → Iraqi Dinar NOK → IQD Iraqi Dinar → Norwegian Krone IQD → NOK Norwegian Krone → Iranian Rial NOK → IRR Iranian Rial → Norwegian Krone IRR → NOK
Norwegian Krone → Icelandic Króna NOK → ISK Icelandic Króna → Norwegian Krone ISK → NOK Norwegian Krone → Jersey Pound NOK → JEP Jersey Pound → Norwegian Krone JEP → NOK Norwegian Krone → Jamaican Dollar NOK → JMD Jamaican Dollar → Norwegian Krone JMD → NOK Norwegian Krone → Jordanian Dinar NOK → JOD Jordanian Dinar → Norwegian Krone JOD → NOK Norwegian Krone → Kenyan Shilling NOK → KES Kenyan Shilling → Norwegian Krone KES → NOK Norwegian Krone → Kyrgystani Som NOK → KGS Kyrgystani Som → Norwegian Krone KGS → NOK Norwegian Krone → Cambodian Riel NOK → KHR Cambodian Riel → Norwegian Krone KHR → NOK Norwegian Krone → Comorian Franc NOK → KMF Comorian Franc → Norwegian Krone KMF → NOK Norwegian Krone → North Korean Won NOK → KPW North Korean Won → Norwegian Krone KPW → NOK
Norwegian Krone → South Korean Won NOK → KRW South Korean Won → Norwegian Krone KRW → NOK Norwegian Krone → Kuwaiti Dinar NOK → KWD Kuwaiti Dinar → Norwegian Krone KWD → NOK Norwegian Krone → Cayman Islands Dollar NOK → KYD Cayman Islands Dollar → Norwegian Krone KYD → NOK Norwegian Krone → Kazakhstani Tenge NOK → KZT Kazakhstani Tenge → Norwegian Krone KZT → NOK Norwegian Krone → Laotian Kip NOK → LAK Laotian Kip → Norwegian Krone LAK → NOK Norwegian Krone → Lebanese Pound NOK → LBP Lebanese Pound → Norwegian Krone LBP → NOK Norwegian Krone → Sri Lankan Rupee NOK → LKR Sri Lankan Rupee → Norwegian Krone LKR → NOK Norwegian Krone → Liberian Dollar NOK → LRD Liberian Dollar → Norwegian Krone LRD → NOK Norwegian Krone → Lesotho Loti NOK → LSL Lesotho Loti → Norwegian Krone LSL → NOK
Norwegian Krone → Libyan Dinar NOK → LYD Libyan Dinar → Norwegian Krone LYD → NOK Norwegian Krone → Moroccan Dirham NOK → MAD Moroccan Dirham → Norwegian Krone MAD → NOK Norwegian Krone → Moldovan Leu NOK → MDL Moldovan Leu → Norwegian Krone MDL → NOK Norwegian Krone → Malagasy Ariary NOK → MGA Malagasy Ariary → Norwegian Krone MGA → NOK Norwegian Krone → Macedonian Denar NOK → MKD Macedonian Denar → Norwegian Krone MKD → NOK Norwegian Krone → Myanma Kyat NOK → MMK Myanma Kyat → Norwegian Krone MMK → NOK Norwegian Krone → Mongolian Tugrik NOK → MNT Mongolian Tugrik → Norwegian Krone MNT → NOK Norwegian Krone → Macanese Pataca NOK → MOP Macanese Pataca → Norwegian Krone MOP → NOK Norwegian Krone → Mauritanian Ouguiya NOK → MRU Mauritanian Ouguiya → Norwegian Krone MRU → NOK
Norwegian Krone → Mauritian Rupee NOK → MUR Mauritian Rupee → Norwegian Krone MUR → NOK Norwegian Krone → Maldivian Rufiyaa NOK → MVR Maldivian Rufiyaa → Norwegian Krone MVR → NOK Norwegian Krone → Malawian Kwacha NOK → MWK Malawian Kwacha → Norwegian Krone MWK → NOK Norwegian Krone → Malaysian Ringgit NOK → MYR Malaysian Ringgit → Norwegian Krone MYR → NOK Norwegian Krone → Mozambican Metical NOK → MZN Mozambican Metical → Norwegian Krone MZN → NOK Norwegian Krone → Namibian Dollar NOK → NAD Namibian Dollar → Norwegian Krone NAD → NOK Norwegian Krone → Nigerian Naira NOK → NGN Nigerian Naira → Norwegian Krone NGN → NOK Norwegian Krone → Nicaraguan Córdoba NOK → NIO Nicaraguan Córdoba → Norwegian Krone NIO → NOK Norwegian Krone → Nepalese Rupee NOK → NPR Nepalese Rupee → Norwegian Krone NPR → NOK
Norwegian Krone → New Zealand Dollar NOK → NZD New Zealand Dollar → Norwegian Krone NZD → NOK Norwegian Krone → Omani Rial NOK → OMR Omani Rial → Norwegian Krone OMR → NOK Norwegian Krone → Panamanian Balboa NOK → PAB Panamanian Balboa → Norwegian Krone PAB → NOK Norwegian Krone → Peruvian Nuevo Sol NOK → PEN Peruvian Nuevo Sol → Norwegian Krone PEN → NOK Norwegian Krone → Papua New Guinean Kina NOK → PGK Papua New Guinean Kina → Norwegian Krone PGK → NOK Norwegian Krone → Philippine Peso NOK → PHP Philippine Peso → Norwegian Krone PHP → NOK Norwegian Krone → Pakistani Rupee NOK → PKR Pakistani Rupee → Norwegian Krone PKR → NOK Norwegian Krone → Polish Zloty NOK → PLN Polish Zloty → Norwegian Krone PLN → NOK Norwegian Krone → Paraguayan Guarani NOK → PYG Paraguayan Guarani → Norwegian Krone PYG → NOK
Norwegian Krone → Qatari Rial NOK → QAR Qatari Rial → Norwegian Krone QAR → NOK Norwegian Krone → Romanian Leu NOK → RON Romanian Leu → Norwegian Krone RON → NOK Norwegian Krone → Serbian Dinar NOK → RSD Serbian Dinar → Norwegian Krone RSD → NOK Norwegian Krone → Russian Ruble NOK → RUB Russian Ruble → Norwegian Krone RUB → NOK Norwegian Krone → Rwandan Franc NOK → RWF Rwandan Franc → Norwegian Krone RWF → NOK Norwegian Krone → Saudi Riyal NOK → SAR Saudi Riyal → Norwegian Krone SAR → NOK Norwegian Krone → Solomon Islands Dollar NOK → SBD Solomon Islands Dollar → Norwegian Krone SBD → NOK Norwegian Krone → Seychellois Rupee NOK → SCR Seychellois Rupee → Norwegian Krone SCR → NOK Norwegian Krone → Sudanese Pound NOK → SDG Sudanese Pound → Norwegian Krone SDG → NOK
Norwegian Krone → Swedish Krona NOK → SEK Swedish Krona → Norwegian Krone SEK → NOK Norwegian Krone → Singapore Dollar NOK → SGD Singapore Dollar → Norwegian Krone SGD → NOK Norwegian Krone → Saint Helena Pound NOK → SHP Saint Helena Pound → Norwegian Krone SHP → NOK Norwegian Krone → Sierra Leonean Leone NOK → SLE Sierra Leonean Leone → Norwegian Krone SLE → NOK Norwegian Krone → Sierra Leonean Leone (Old) NOK → SLL Sierra Leonean Leone (Old) → Norwegian Krone SLL → NOK Norwegian Krone → Somali Shilling NOK → SOS Somali Shilling → Norwegian Krone SOS → NOK Norwegian Krone → Surinamese Dollar NOK → SRD Surinamese Dollar → Norwegian Krone SRD → NOK Norwegian Krone → South Sudanese Pound NOK → SSP South Sudanese Pound → Norwegian Krone SSP → NOK Norwegian Krone → São Tomé and Príncipe Dobra (pre-2018) NOK → STD São Tomé and Príncipe Dobra (pre-2018) → Norwegian Krone STD → NOK
Norwegian Krone → São Tomé and Príncipe Dobra NOK → STN São Tomé and Príncipe Dobra → Norwegian Krone STN → NOK Norwegian Krone → Salvadoran Colón NOK → SVC Salvadoran Colón → Norwegian Krone SVC → NOK Norwegian Krone → Syrian Pound NOK → SYP Syrian Pound → Norwegian Krone SYP → NOK Norwegian Krone → Swazi Lilangeni NOK → SZL Swazi Lilangeni → Norwegian Krone SZL → NOK Norwegian Krone → Thai Baht NOK → THB Thai Baht → Norwegian Krone THB → NOK Norwegian Krone → Tajikistani Somoni NOK → TJS Tajikistani Somoni → Norwegian Krone TJS → NOK Norwegian Krone → Turkmenistani Manat NOK → TMT Turkmenistani Manat → Norwegian Krone TMT → NOK Norwegian Krone → Tunisian Dinar NOK → TND Tunisian Dinar → Norwegian Krone TND → NOK Norwegian Krone → Tongan Pa anga NOK → TOP Tongan Pa anga → Norwegian Krone TOP → NOK
Norwegian Krone → Turkish Lira NOK → TRY Turkish Lira → Norwegian Krone TRY → NOK Norwegian Krone → Trinidad and Tobago Dollar NOK → TTD Trinidad and Tobago Dollar → Norwegian Krone TTD → NOK Norwegian Krone → New Taiwan Dollar NOK → TWD New Taiwan Dollar → Norwegian Krone TWD → NOK Norwegian Krone → Tanzanian Shilling NOK → TZS Tanzanian Shilling → Norwegian Krone TZS → NOK Norwegian Krone → Ukrainian Hryvnia NOK → UAH Ukrainian Hryvnia → Norwegian Krone UAH → NOK Norwegian Krone → Ugandan Shilling NOK → UGX Ugandan Shilling → Norwegian Krone UGX → NOK Norwegian Krone → Uruguayan Peso NOK → UYU Uruguayan Peso → Norwegian Krone UYU → NOK Norwegian Krone → Uzbekistan Som NOK → UZS Uzbekistan Som → Norwegian Krone UZS → NOK

Frequently Asked Questions

Quick answers to common conversion queries

To convert 1 Norwegian Krone to Chinese Yuan Renminbi, you multiply 1 by the conversion factor. Since 1 Norwegian Krone is approximately 0.712292 Chinese Yuan Renminbi, the result is 0.712292 Chinese Yuan Renminbi.

The conversion formula is: Value in Chinese Yuan Renminbi = Value in Norwegian Krone × (0.712292).
Privacy & Cookies

We use cookies to ensure you get the best experience on our website. By continuing, you agree to our Privacy Policy.

Ad Blocker Detected

We rely on ads to keep our converters free and accurate. Please consider supporting us by disabling your ad blocker or whitelisting our site.