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Internet Computer to Chinese Yuan Converter and calculator

Convert 1Internet Computer (ICP) to Chinese Yuan (CNY) equals ¥ 88.85 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Internet Computer(ICP) to Chinese Yuan(CNY). This is the real-time data. The current conversion shows 1 ICP at a value of 1 ICP for 88.85 CNY . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

CNY information

About the Chinese Yuan (CNY)

What Is the Chinese Yuan (CNY)?

The Chinese Yuan, denoted as CNY and symbolized by ¥, is the official currency of the People's Republic of China. It's also known as Renminbi (RMB), which translates to "People's Currency". The basic unit of the Renminbi is the yuan, and it's often used to refer to the Chinese currency, especially in international contexts. One yuan is subdivided into 10 jiao, and a jiao is further divided into 10 fen. The Chinese Yuan is the sole legal tender in the People's Republic of China.

The Chinese Yuan is issued by the People's Bank of China (PBOC), the monetary authority of the People's Republic of China. The PBOC oversees the production, distribution, and regulation of the currency, ensuring its stability and integrity in the financial system. In addition to managing the physical banknotes and coins, the central bank also regulates digital forms of the currency, including the recently introduced Digital Yuan.

What Is the History of CNY?

The Chinese Yuan was introduced by the People's Bank of China in December 1948, replacing various currencies circulating in the Communist-controlled areas. The currency underwent several revaluations, the most significant of which occurred in 1955, to combat hyperinflation. Initially pegged to the US dollar, the Chinese Yuan's value was adjusted to improve the competitiveness of Chinese exports as China transitioned to a market economy. Since 2006, the Yuan exchange rate has been allowed to float within a narrow margin around a fixed base rate, determined with reference to a basket of world currencies.

Notes and Coins of CNY

The Chinese Yuan is available in both coin and banknote forms. Coins range from ¥0.01 to ¥1, and banknotes are available in denominations from ¥0.1 to ¥100. The design and features of these notes and coins have evolved over time, with the latest series featuring advanced security features.

What is Digital Yuan (e-CNY)?

The Digital Yuan, also known as the Digital Currency Electronic Payment (DCEP), is the digital form of the People's Republic of China's official currency, the Renminbi (RMB). Launched in response to the rising trend of cashless transactions and the global shift towards digital currencies, the Digital Yuan aims to enhance transaction efficiency, bolster monetary policy, and provide a secure alternative to physical cash. Unlike decentralized cryptocurrencies, it operates under a centralized system, ensuring alignment with China's financial policies. The Digital Yuan features "controllable anonymity," balancing user privacy with state oversight to prevent illegal activities. Its introduction, marked by pilot programs in various cities and prominent use during the 2022 Winter Olympics, positions China as a leader in the realm of digital currencies issued by major economies and signals a significant shift in the global financial landscape towards embracing digital currency technology.

What Is the Difference Between CNY and RMB?

The terms "CNY" and "RMB" are often used interchangeably when referring to the currency of the People's Republic of China, but they have slightly different meanings:

RMB (Renminbi): The term "Renminbi," which means "People's Currency" in Mandarin, is the official name of the currency of China. It represents the currency system as a whole. Renminbi is the broader term that denotes the medium of exchange provided by the People's Bank of China.

CNY (Chinese Yuan): The term "Yuan" refers to the unit of the Renminbi currency. CNY is the international ISO currency code for the Chinese Yuan. When financial transactions are conducted internationally, or when exchange rates are mentioned, the abbreviation "CNY" is typically used.

In summary, while RMB refers to the currency system of China, CNY specifically denotes the unit of that currency used in international trading and financial contexts.

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Bitget crypto-to-fiat exchange data shows that the most popular Internet Computer currency pair is the ICP to CNY, with for Internet Computer's currency code being ICP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CNY.

ICP to CNY conversion rate trend

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In the past 1D, Internet Computer has changed -5.58% to CNY. Based on the trend and price charts, Internet Computer(ICP) has changed -5.58% to CNY while Chinese Yuan(CNY) has changed % to ICP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
¥87.97
0.0001% / 0.0004%vip-iconVIP
Binance
¥88.05
0.1000% / 0.1000%
Yes
Coinbase Exchange
¥87.83
0.1000% / 0.1000%
Yes
OKX
¥88.06
0.080% / 0.100%
Yes
Huobi
¥88.05
0.1000% / 0.1000%
Yes
Gate.io
¥88.06
0.1000% / 0.1000%
Yes
Bybit
¥87.98
0.1000% / 0.1000%
Yes
KuCoin
¥88.07
0.1000% / 0.1000%
Yes
Bitfinex
¥88.14
0.1000% / 0.1000%
Yes
Last updated 2024/05/23 21:00:20(UTC+0)

How to buy Internet Computer

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Buy Internet Computer (ICP)
Use a variety of payment options to buy Internet Computer on Bitget. We'll show you how.

What factors influence the conversion rate of Internet Computer to Chinese Yuan?

Internet Computer to Chinese Yuan is rising this week.
Internet Computer's current market price is ¥ 88.85 per ICP, with a total market cap of ¥ 41,250,833,773.01 CNY based on a circulating supply of 464,276,300 ICP. The trading volume of Internet Computer has changed by +25.83% (¥ 203,662,237.39 CNY) in the last 24 hours. Last trading day, ICP's trading volume was ¥ 788,584,649.71.
Market cap
$5.69B
24h volume
$136.92M
Circulating supply
464.28M ICP

Conversion tables

The exchange rate of Internet Computer is decreasing.
1 ICP is currently valued at ¥ 88.85 CNY , which means buying 5 ICP will cost ¥ 444.25 CNY . Similarly, ¥1 CNY can be traded for 0.01125 ICP, and ¥50 CNY can be converted to 0.5627 ICP, excluding any platform or gas fees.
The exchange rate of 1 ICP to Chinese Yuan has changed by +1.40% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.58%, reaching a high of 94.38 CNY and a low of 86.04 CNY . One month ago, the value of 1 ICP was ¥ 105.81 CNY , which represents a -16.01% change from its current value. Over the last year, Internet Computer has changed by
+¥
3.21CNY
, resulting in a change of +154.16% in its value.

ICP to CNY

Amount
21:48 today
0.5 ICP
¥44.42
1 ICP
¥88.85
5 ICP
¥444.25
10 ICP
¥888.5
50 ICP
¥4,442.49
100 ICP
¥8,884.98
500 ICP
¥44,424.88
1000 ICP
¥88,849.75

CNY to ICP

Amount21:48 today
0.5CNY0.005627  ICP
1CNY0.01125  ICP
5CNY0.05627  ICP
10CNY0.1125  ICP
50CNY0.5627  ICP
100CNY1.13  ICP
500CNY5.63  ICP
1000CNY11.25  ICP
Buy Internet Computer for 1 CNY
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Today vs. 24 hours ago

Amount21:48 today24 hours ago24h change
0.5 ICP$6.13$6.49
-5.58%
1 ICP$12.26$12.99
-5.58%
5 ICP$61.3$64.93
-5.58%
10 ICP$122.61$129.86
-5.58%
50 ICP$613.04$649.3
-5.58%
100 ICP$1,226.07$1,298.59
-5.58%
500 ICP$6,130.36$6,492.97
-5.58%
1000 ICP$12,260.72$12,985.94
-5.58%

Today vs. 1 month ago

Amount21:48 today1 month ago1M change
0.5 ICP$6.13$7.3
-16.01%
1 ICP$12.26$14.6
-16.01%
5 ICP$61.3$73
-16.01%
10 ICP$122.61$146.01
-16.01%
50 ICP$613.04$730.03
-16.01%
100 ICP$1,226.07$1,460.05
-16.01%
500 ICP$6,130.36$7,300.27
-16.01%
1000 ICP$12,260.72$14,600.55
-16.01%
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Today vs. 1 year ago

Amount21:48 today1 year ago1Y change
0.5 ICP$6.13$2.41
+154.16%
1 ICP$12.26$4.82
+154.16%
5 ICP$61.3$24.09
+154.16%
10 ICP$122.61$48.18
+154.16%
50 ICP$613.04$240.88
+154.16%
100 ICP$1,226.07$481.77
+154.16%
500 ICP$6,130.36$2,408.83
+154.16%
1000 ICP$12,260.72$4,817.67
+154.16%

Internet Computer price prediction

What will the price of ICP be in 2025?

Based on ICP's historical price performance prediction model, the price of ICP is projected to reach $15.72 in 2025.

What will the price of ICP be in 2030?

In 2030, the ICP price is expected to rise by -1.00%. By the end of 2030, the ICP price is projected to reach $32.26, with a cumulative ROI of +163.12%.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.