CNY/SGD: what to know
The CNY/SGD rate shows how much SGD you get for 1 CNY. Right now, 1 CNY buys 0.1889 SGD at the mid-market rate. In the other direction, 1 SGD is worth 5.2949 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while SGD responds to the MAS-managed currency basket.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the CNY/SGD rate has ranged between 0.1796 and 0.1914 — a change of +4.99% 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.