XRP/CNY: what to know
The XRP/CNY rate shows how much CNY you get for 1 XRP. Right now, 1 XRP buys 8.5988 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.1163 XRP.
In the short term XRP is driven mainly by crypto-market sentiment and regulation, while CNY responds to PBoC decisions and Chinese growth.
XRP is designed for fast, low-cost payments and cross-border settlement. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Available archived XRP/CNY observations within the last 365 days range from 6.6930 to 18.8056, with a -49.20% change from the first to the last available sample. This is not necessarily a full year of observations or an intraday range.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Your bank, card issuer or exchange office may use a different rate and charge fees. Compare the final amount after the charges disclosed for your offer.