DASH/CNY: what to know
The DASH/CNY rate shows how much CNY you get for 1 DASH. Right now, 1 DASH buys 367.9570 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.00271771 DASH.
In the short term DASH is driven mainly by crypto-market sentiment, while CNY responds to PBoC decisions and Chinese growth.
“Dash” stands for “digital cash”; it focuses on fast, private payments. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.