Examples of Chinese Yuan in a sentence
These financial statements are presented in Chinese Yuan (“CNY”) and all values are rounded to the nearest thousand except when otherwise indicated.
Canadian Dollars (“C$”), Australian Dollars (“A$”), British Pounds (“£”), Euros (“€”), Brazilian Reais (“R$”), Indian Rupees (“₨”), Chinese Yuan (“C¥”), South Korean Won (“₩”) and United Arab Emirates Dirham (“AED”) are identified where applicable.
The SDR value is based on a basket of five major currencies - US Dollar, Euro, Chinese Yuan, Japanese Yen and Pound Sterling.
Fixed deposits are available in British Pound Sterling (GBP), US Dollars (USD), Euros (EUR) and Chinese Yuan (RMB).
Term Deposits may be opened in Australian Dollars, US Dollars and Chinese Yuan.
References to “US$”, “U.S. dollars” and “dollars” are to United States dollars, references to “EUR” are to European Economic Community Euro, references to “CNY” are to Chinese Yuan or renminbi, references to “CHF” are to Swiss franc, references to “Chilean pesos”, “pesos” or “Ch$” are to Chilean pesos, and references to “UF” are to Unidades de Fomento.
The Company is exposed to foreign currency volatility due to exchange positions of currencies, especially the US Dollar, Euro, Japanese Yen, and Chinese Yuan.
Currently, the RMB is traded in two markets: one in Mainland China (onshore RMB, or Chinese Yuan (“CNY”)), and one outside Mainland China (primarily in Hong Kong offshore RMB, or CNH*).
As a result, our results of operations could be materially adversely affected by foreign exchange rate fluctuations in two principal areas: • we incur most of our manufacturing costs in Euro and in Chinese Yuan, and receive a significant part of our revenues in other currencies such as the U.S. dollar, the Australian dollar and the Brazil- ian real.
Foreign exchange riskThe Group operates in Greater China and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the US$ and Chinese Yuan Renminbi (“RMB”).