CNY/XPD: what to know
The CNY/XPD rate shows how much XPD you get for 1 CNY. Right now, 1 CNY buys 0.000115191 XPD at the mid-market rate. In the other direction, 1 XPD is worth 8,681.21 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while XPD responds to auto demand and tight supply.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. Palladium is used mainly in petrol-engine catalytic converters.
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.