CNY/BCH: what to know
The CNY/BCH rate shows how much BCH you get for 1 CNY. Right now, 1 CNY buys 0.000665725 BCH at the mid-market rate. In the other direction, 1 BCH is worth 1,502.12 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while BCH responds to crypto-market sentiment.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions.
Over the past 12 months the CNY/BCH rate has ranged between 0.000221342 and 0.000774449 — a change of +144.38% 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.