Convert Chinese Renminbi to Singapore Dollar

100 Chinese Renminbi (CNH) = 20.71 Singapore Dollar (SGD)

Tuesday, February 21, 2017 2:38 PM

100 CNH =
20.71 SGD

CNHSGD graph

Currencies rates online for Chinese Renminbi (CNH) to Singapore Dollar (SGD).

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In order to convert currencies, please go to Singapore Dollar (SGD) to Chinese Renminbi (CNH).

The currency converter uses the latest Forex exchange rates.


CNH – Chinese yuan renminbi

The Chinese renminbi (symbol: ¥; currency code: CNY, CNH – when traded in Hong Kong –) is the official currency of the People’s Republic of China. It is often abbreviated as RMB or CN¥, to distinguish between it and other currencies with the same symbol. The basic unit of the renminbi is the yuan, which is often employed to refer to the Chinese currency in general. One (1) yuan is equal to ten (10) jiao, and one (1) jiao is equal to ten (10) fen.

The renminbi is issued by the People’s Bank of China and, as of 2015, is the fifth most heavily traded currency in the world.

Background
During the Republic of China era, several different currencies were in circulation. These were replaced by one currency in 1948, issued by the People’s Bank of China after the Communist Party of China gained greater control. This currency eventually came to be known as the renminbi in 1949.


SGD – Singapore dollar

The Singapore dollar (symbol: $; currency code: SGD) is the official currency of Singapore. It is sometimes abbreviated as S$, so as to distinguish between it and other dollar-denominated currencies. One (1) Singapore dollar is equal to one hundred (100) cents.

Background
As a British colony, Singapore used the Straits dollar from 1845 until 1939, when it was replaced by the Malayan dollar. The latter was replaced by the Malaya and British Borneo dollar in 1953. After becoming an independent nation in 1965, Singapore introduced the Singapore dollar, with the first banknotes issued in 1967.