About this pair
CNY/RUB: what to know
The CNY/RUB rate shows how much RUB you get for 1 CNY. Right now, 1 CNY buys 12.5735 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.0795 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while RUB responds to oil and gas prices and sanctions.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.