CNY/NZD: what to know
The CNY/NZD rate shows how much NZD you get for 1 CNY. Right now, 1 CNY buys 0.2565 NZD at the mid-market rate. In the other direction, 1 NZD is worth 3.8982 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while NZD responds to soft-commodity prices and risk appetite.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the CNY/NZD rate has ranged between 0.2352 and 0.2610 — a change of +7.61% 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.