CNY/JPY: what to know
The CNY/JPY rate shows how much JPY you get for 1 CNY. Right now, 1 CNY buys 23.9961 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0417 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while JPY responds to Bank of Japan policy and global risk appetite.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the CNY/JPY rate has ranged between 20.4296 and 23.9942 — a change of +16.96% 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.