Investor Glossary-yuanInvestor Glossary-yuanInvestor Glossary-yuanInvestor Glossary-yuanInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Yuan

The HTML to link to this page
 

The yuan is technically the base unit of the renminbi, the currency of the People's Republic of China. Although it is not their official currency, Hong Kong and Macao also use the yuan. CNY is the currency code for the yuan. The abbreviation for the yuan is often RMB. is the symbol for the yuan - same as for the Japanese yen. The People's Bank of China, the central bank for China, distributes the yuan. The People's Bank of China first introduced the yuan in 1948. In recent decades and until 2005, the yuan was artificially pegged to the US Dollar. The value at which the yuan was pegged varied over the years. For example, it was held to a peg of 8.28 yuan to one US dollar from 1995 to 2005. In July 2005, the Yuan started following a managed float against several currencies.



Rate this Yuan definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: implied volatility, EBITDA, APR, liquidity ratio, labor relations, VIX, current ratio, 1031 exchange, balance sheet, ex-dividend, FTSE, risk management, Zero Cost Collar, retained earnings, dividends payable, stock market close, phantom income, diluted share, debt service coverage, required rate of return, 1035 exchange, command economy, inflation, 144a, real GDP, annual return, limit order, deferred tax, stock split, 401a, wholly-owned subsidiary, margin rate, class C shares, option premium, in escrow, open position, deferred revenue, Key Rate Duration, minority interest, per diem, ex-dividend date, covered put, reverse mortgage, cancelled check, average price per share, FICO score, quality assurance, LIBOR, irrevocable trust


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use