National currency of China, current status. National currency of China, current status Forecast of the yuan to the ruble from analysts

Despite the limitation of the bi-currency basket of the Russian Federation to only two currencies - the euro and the dollar, other currencies are also of interest. Especially in rapidly developing countries, such as China. I wonder how the Chinese national currency is developing and whether it has a future in the Russian market? Is it worth investing in the national currency of the Middle Kingdom? We offer the current one.

Our country has now taken an active course to the east, especially in the supply of oil and gas. Such economic ties can popularize the Chinese currency in the Russian market. And also attract the attention of citizens as investment purchases of the yuan. Is it worth considering Chinese currency as a profitable investment?

Yuan is the national currency of China. Translated from Chinese it means “circle” (round coin), but the inhabitants of the Celestial Empire call it completely differently. The official name is renminbi, translated as money of the people. They have an international bank code CNY. There are 100 fen or 10 jiao in 1 yuan. The face values ​​of the coins are 1, 2, 5, 10, 20, 50 and 100 yuan, 5, 2 and 1 jiao.

By the end of last year, the yuan had risen in value more than expected. This growth was 7%. In addition, in recent years, the Chinese currency has generally been characterized by stability. After the 2008 crisis, the PRC decisively set a course for the development of domestic economic policy, and today, perhaps, there is no country in the world that does not have economic ties with China. China is self-sufficient and exports from the country are extremely high. This, naturally, significantly strengthened their national currency.

In addition, China acts as a buyer in the energy market, so Russia’s offers to supply oil to them are now very profitable, against the backdrop of a general decline in the cost of energy resources.

Prospects for the Yuan

And today the Chinese Government is building a financial policy to increase the exchange rate of its currency. This, the Government believes, may now weaken the position of the yuan, but in the long term it will significantly strengthen it in the foreign exchange market. Therefore, against the backdrop of general global economic instability, the behavior of the Chinese currency looks very confident.

Forecast of the yuan to ruble exchange rate for 2015 in Russia depends on both the fluctuations of our currency and the trends of the Chinese one. The ruble will continue to fall in price this year, while the dollar, on the contrary, will rise in price. Now for about 6 yuan on the market you can buy 1 dollar. It turns out that the ratio of the ruble and the Chinese yuan is 450:1. Will the current situation change?

According to experts, its value will decrease slightly over the year, even despite its stable position. This is justified by a slight slowdown in the pace of economic development in China. The Central Bank of China is cutting key bank rates and reducing the required financial reserve ratio by 1.5%.

Mitul Kotech, head of the currency analysis department at Barclays Plc's bank from Singapore, predicts a decrease in the GDP rate in China by the beginning of autumn 2015. This will lead to a depreciation of the Chinese currency by 2.3%.

The forecast of European banks regarding the situation of the currency from China is as follows: by the summer of 2015, 10 CNY will buy $1.57.

However, compatriot experts predict the strengthening of the Chinese currency due to significant factors:
=> Increase in export volumes due to increased demand from the main buyers - the USA and South Korea and, accordingly, an increase in budget revenues;
=> Falling oil prices that are beneficial for China will free up additional funds for development;
=> There is an opportunity to purchase Russian energy resources from Russia on favorable terms.

With the help of such supporting events, the Chinese will be able to smooth out the negative aspects and even ensure a slight increase in the yuan.

Should you invest your savings in Yuan?

Of course, in the new economic conditions, the Chinese yuan forecast for 2015 is of investor interest. Russia is heading to the East, diplomatic and business agreements are being established. Does this mean that you can safely invest in China? Today, many experts advise investing your savings in yuan, in anticipation of making a profit in the future. You shouldn’t expect quick earnings from the yuan just yet.

The previous crisis of 2008 did not break the Chinese economy; on the contrary, it revealed its weaknesses. Particular attention is required to domestic consumption in the overall structure of China's gross domestic production. In fact, China's industry is completely focused on external consumers. Domestic consumption was in short supply. Therefore, the Chinese Government decided to redirect production to domestic markets. This decision caused a rapid increase in inflation within the country.

The purchasing power of the population and rising prices could not ensure a stable exchange rate for the national currency, so the yuan became a freely convertible currency. This process is still ongoing and will be completed by the end of 2015.

As a result of this innovation:

=> The yuan will strengthen and grow. By the end of the year, the rate may reach 4 yuan per 10 US dollars.
=> Prices for Chinese industrial products are expected to increase by 15-20%. This will greatly reduce the competitive ability of Chinese products in the global consumer market.
=> The yuan will become accessible to foreign investors. Growing demand will strengthen it even more.

The yuan/ruble exchange rate for 2015 will also change. Those who are planning to invest their accumulated funds in this currency must take into account the fact that not all Russian banks yet work with the yuan. This will complicate the process. Although now, with the establishment of partnerships with the Celestial Empire, we can expect the introduction of the yuan into free access in the Russian banking system.

A fairly stable exchange rate of the yuan against the dollar will endure this year. The fluctuations are the most insignificant. But if you need quick results from your money, then investing it in the yuan for a short period of time most likely does not make sense. Also, exchange rates for the yuan for 2015 are not the most profitable. Since no sharp fluctuations or jumps in this currency are expected.

It is more profitable today to open foreign currency deposits in euros and dollars. Then it will be possible to earn money not only on the obvious growth of currencies, but also in interest on time deposits. Today, banks offer different interest rates on invested amounts, and they are far from the highest and most profitable. But you shouldn’t expect any special changes just yet. Many analysts also do not recommend opening long-term deposits, since the situation could change at any moment (God forbid, default). The optimal period is 3-6 months.

Investments can be diversified; open both ruble and foreign currency deposits. Then your savings will be reliably protected, and you are also guaranteed to make a profit.

We hope that the forecast we presented for the yuan in Russia helped you decide on the choice of currency for investment.

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The Yuan ("round coin") is the official currency and legal tender of the People's Republic of China. One Chinese yuan is equal to 10 jiao. 10 jiao = 100 fen. Yuan is issued in banknotes of 1, 5, 10, 20, 50 and 100 yuan (there is a 1 yuan coin in the form of coins), and jiao (1, 2, 5 jiao) are also issued in banknotes. Feni are issued in the form of coins with a value of 1, 2, 5 feni.

In China, the word yuan is used to describe the exchange rate of any Chinese currency; using the American dollar as an example, the dollar is the mei yuan. Yuan in China is also called renminbi, which means "people's money" in Chinese.

In October 2013, the yuan became the most popular currency in global trade after the dollar. Most often, Chinese currency is used in international payments in China, Hong Kong, Singapore, Germany and Australia.

Chart and dynamics of the Chinese yuan of the Central Bank of the Russian Federation in 2015

Good day! The National Republic of China is a powerful state. The country's economy is developing more and more every year.

Economists predict favorable conditions for the yuan to ruble exchange rate in 2015 year. To save and increase funds, investing in Chinese currency for a long-term investment will be the best option. Average rate: 6-9 rubles during 2015.

Forecast of the yuan against the ruble for 2015 from economists.

1. Export of goods.
2. The Bank of China is steadily monitoring its exchange rate.
3. China buys energy resources, therefore it benefits from their reduction.

Forecast of the yuan to the ruble from analysts.

To preserve and increase free funds, it is best to use a basket of currencies. Let's say you have 100,000 rubles. 50,000 rubles ( 50% ) keep in national currency, 25% (25,000 rubles) convert into US dollars and 25% (25,000 rubles) in Euro. This will not only be more reliable, but also correct.

If earlier the Chinese yuan aroused less interest than other currencies, today its quotes cannot be ignored, since China is one of the leaders in the world economy. It is impossible not to accept the fact that the dynamics of the yuan has a significant impact on the entire exchange market. And close economic ties with China one way or another oblige analysts, investors and entrepreneurs to monitor how the yuan exchange rate against the ruble changes in Moscow.

To obtain timely information about quotes, there is now no need to look for data in official sources - on the websites of banks and exchange offices. All information about the fall or rise of the yuan is automatically displayed on our portal. You can always find out:

• Current yuan exchange rate for today:
• dynamics for the required period and forecasts for tomorrow.

The site also contains a table of organizations carrying out. From it you can find out:

• addresses and contact details of exchange offices and banks;
• the cost of buying and selling the yuan.

The situation on the foreign exchange market is gradually stabilizing. Despite the next stage of decline in prices for “black gold”, the Russian currency was able not only to maintain its position, but also strengthen to the level of 60 rubles/dollar.

The ruble exchange rate changes in relation to all world currencies, not excluding the Chinese yuan. Leading experts shared their opinion on the future prospects of the national currency and the future value of the Celestial currency.

Hopes for restoration of positions

In 2015, the yuan against the ruble, experts predict, will not change significantly.

The ruble has every chance of restoring its position, says Alfa Bank chief economist Natalia Orlova. The stability of the national currency over the past month, which could not be interrupted by another wave of falling oil prices, inspires some optimism. In the current conditions, the situation is developing according to the most favorable scenario. If there is no further escalation of geopolitical tensions and the expansion of existing sanctions, the ruble will be able to strengthen by the end of the year.

However, it is premature to consider that the current crisis has already ended. The Central Bank is forced to balance between supporting the ruble and stimulating the growth of the national economy. Thus, another reduction in the key rate, according to Orlova, could negatively affect the position of the ruble. In addition, the banking sector today is too active in using foreign currency repos. With the help of this Central Bank instrument, financial institutions raised about $27 billion in February 2015. This indicates continued increased demand for foreign exchange resources.

Politics of China

In contrast to the actions of the Russian Central Bank, which is trying to strengthen the position of the ruble, the Chinese regulator is trying to maintain the pace of economic growth, which forces the position of the Chinese currency to weaken. At the end of last year, the yuan lost about 2.4% of its value against the US currency. The yuan lost ground for the first time since 2009. Experts believe that in 2015, China may continue its policy of soft devaluation. However, the yuan/ruble exchange rate, forecast by experts, will not fluctuate significantly.

The rating agency Standard & Poor's has lowered its forecast for economic growth in the Middle Kingdom. S&P analysts expect China's GDP to increase by 6.9% in 2015 and 6.6% in 2016. At the same time, the Chinese authorities are trying to maintain growth rates of at least 7% per year.

Expert Alexander Potavin emphasizes that the People's Bank of China traditionally uses a fairly conservative policy. Moreover, the external debt of Chinese companies, according to estimates by the Bank of International Settlements, reaches $1.1 trillion, and the weakening of the yuan will significantly complicate servicing external debt. Also, the PRC regulator is forced to take into account the behavior of investors who will begin to withdraw their capital if the yuan devaluates too much, says Suan Teck Kin, an economist at United Overseas Bank in Singapore.

Yuan to ruble exchange rate

The maximum exchange rate of the yuan was recorded in January 2015, when panic continued in the foreign exchange market. During this period, the cost of 1 yuan reached 11 Russian rubles. However, in February the ruble partially strengthened, the rate dropped to 9.6 rubles. for 1 yuan.

The Chinese currency is stable, even if a soft devaluation policy is supported, the depreciation against the dollar will be within 5%. The future of the ruble in 2015 is much more difficult to predict. Under the baseline scenario, the current exchange rate of the ruble against the dollar will remain unchanged. In this case, the ruble to yuan exchange rate, forecasted by experts, will be 9 rubles/yuan. In a more favorable scenario, the strengthening of the ruble could reach large proportions.

However, the possibility remains that the most pessimistic scenario will materialize. If the implementation of the Minsk agreements fails and confrontation resumes in the East of Ukraine, Western states will expand existing sanctions. Additional pressure on the national economy will affect the position of the Russian ruble, which will lead to another wave of devaluation. In this case, the ruble will be able to reach its historical minimum this year.