CNY/RON: what to know
The CNY/RON rate shows how much RON you get for 1 CNY. Right now, 1 CNY buys 0.6753 RON at the mid-market rate. In the other direction, 1 RON is worth 1.4809 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while RON responds to regional sentiment and euro moves.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the CNY/RON rate has ranged between 0.6025 and 0.6799 — a change of +11.54% 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.