CNY/CAD: what to know
The CNY/CAD rate shows how much CAD you get for 1 CNY. Right now, 1 CNY buys 0.2067 CAD at the mid-market rate. In the other direction, 1 CAD is worth 4.8370 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while CAD responds to oil prices and the US economy.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. 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”.
Over the past 12 months the CNY/CAD rate has ranged between 0.1932 and 0.2096 — a change of +6.23% 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.