CNY/GBP: what to know
The CNY/GBP rate shows how much GBP you get for 1 CNY. Right now, 1 CNY buys 0.1099 GBP at the mid-market rate. In the other direction, 1 GBP is worth 9.0978 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while GBP responds to Bank of England policy and the UK economy.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the CNY/GBP rate has ranged between 0.1030 and 0.1119 — a change of +5.84% 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.