Chinese Yuan Renminbi to Norwegian Krone

The Chinese yuan (symbol  ¥, code: CNY, number 156) is the national currency of the People's Republic of China. One yuan is divided into 10 jiao, one jiao is subdivided into 10 fens. International sign is the same as that of the Japanese yen.

The exchange rate has been tightly pegged to the dollar since 2005. The currency belongs to the SDR basket. Although formally Hong Kong and Macau are Chinese territories, the yuan is not an official legal tender there. It is used for in- cash payments only in Mainland China, as well as for foreign exchange accountings.

The Norwegian krone (symbol: kr, code: NOK, number 578) is the national currency of Norway, valid in the country since 1874 to have replaced the Norwegian daler. Although nominally the krone is subdivided into 100 ore, coins denominations of less than 1 crone have been discontinued, and ore has existed only electronically since 2012. The banknotes design bears traditional Scandinavian decorations depicting ships, lighthouses, sea waves, cod.

The exchange rate varies depending on oil prices and other economic factors. The average inflation index is low,e.g. in autumn 2019 it was only 1.8%. During 2017 - 2019, all old banknotes were replaced in the country. They can be exchanged in banks until 2028.