About this pair
CNY/XAU: what to know
The CNY/XAU rate shows how much XAU you get for 1 CNY. Right now, 1 CNY buys 0.0000342737 XAU at the mid-market rate. In the other direction, 1 XAU is worth 29,176.88 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while XAU responds to real interest rates, the dollar and safe-haven demand.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.