How to Convert an RMB to a GBP

The yuan

"RMB" stands for the Chinese renminbi, or yuan--that country's system of currency. It also goes by the initials "CNY." "GBP" stands for the British pound. During 2009, the renminbi bounced between 0.104 pounds and 0.085 pounds. The renminbi has been pegged to the U.S. dollar (USD) for years, so the conversion between the renminbi and the pound almost exactly tracks the conversion between the U.S. dollar and the pound. Several online options exist to give you daily and historical conversion rates between the pound and the renminbi. Note that currencies trade throughout the day, so these rates will almost always be slightly different than the real-time conversion.

Things You'll Need

• Conversion widget

Instructions

1. Use an online currency conversion calculator. Sites such as XE.com, TheFinancials.com, and ExchangeRate.com offer calculators that update daily (see References).

2. Download a desktop widget, a small interface to give you easy access to online exchange updates without having to open your browser.

   Softpedia has a widget for PCs. Apple offers a widget for Macs (see Resources).

3. Check the historical conversion rate between CAD and GBP at the X-rates.com or IndexMundi.com link below. IndexMundi.com provides historical information going back a decade.

Tips & Warnings

• All the sites mentioned above provide conversion between the renminbi and the pound for free.

References

• IndexMundi: 5-Year Graph of CNY vs. GBP
• XE.com: Conversion of RMB to GBP
• ExchangeRate: Conversion CAD to GBP
• The Financials: Calculator
• Softpedia: Any Currency Converter Widget

Resources

• X-rates: History of Exchange Rate Between CNY and GBP
• Apple: Currency Widget