CNY/ETH: what to know
The CNY/ETH rate shows how much ETH you get for 1 CNY. Right now, 1 CNY buys 0.0000595248 ETH at the mid-market rate. In the other direction, 1 ETH is worth 16,799.73 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while ETH responds to network activity and crypto-market sentiment.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. Ethereum popularised programmable “smart contracts”.
Over the past 12 months the CNY/ETH rate has ranged between 0.0000299538 and 0.0000940816 — a change of +94.55% 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.