About this pair
CNY/AED: what to know
The CNY/AED rate shows how much AED you get for 1 CNY. Right now, 1 CNY buys 0.5475 AED at the mid-market rate. In the other direction, 1 AED is worth 1.8266 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while AED responds to its peg to the US dollar.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar.
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.