1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.2145 AUD (Australian Dollar). It is the currency unit of the Commonwealth of Australia, which includes Cocos Islands, Norfolk Island, Pacific Island states, Christmas Island, and Australia. AUD (Australian Dollar), also known as the "Aussie" is the fifth most-traded currency in the world. The Australian Dollar replaced the Australian Pound in 1966. The Australian Economy is rated the 13th biggest economy by GDP.