CNY/AUD: what to know
The CNY/AUD rate shows how much AUD you get for 1 CNY. Right now, 1 CNY buys 0.2078 AUD at the mid-market rate. In the other direction, 1 AUD is worth 4.8127 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while AUD responds to commodity prices and Chinese demand.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the CNY/AUD rate has ranged between 0.2026 and 0.2185 — a change of -1.89% 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.