About this pair
CNY/XPT: what to know
The CNY/XPT rate shows how much XPT you get for 1 CNY. Right now, 1 CNY buys 0.0000831436 XPT at the mid-market rate. In the other direction, 1 XPT is worth 12,027.38 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while XPT responds to industrial (auto) demand and supply.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. Platinum is rarer than gold and vital for 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.