CAD/CNY: what to know
The CAD/CNY rate shows how much CNY you get for 1 CAD. Right now, 1 CAD buys 4.8370 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.2067 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while CNY responds to PBoC decisions and Chinese growth.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the CAD/CNY rate has ranged between 4.7703 and 5.1751 — a change of -5.86% versus a year ago.
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.