BCH/CNY: what to know
The BCH/CNY rate shows how much CNY you get for 1 BCH. Right now, 1 BCH buys 1,505.61 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.000664182 BCH.
In the short term BCH is driven mainly by crypto-market sentiment, while CNY responds to PBoC decisions and Chinese growth.
Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the BCH/CNY rate has ranged between 1,291.24 and 4,517.90 — a change of -59.08% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.