ETH/CNY: what to know
The ETH/CNY rate shows how much CNY you get for 1 ETH. Right now, 1 ETH buys 16,801.81 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.0000595174 ETH.
In the short term ETH is driven mainly by network activity and crypto-market sentiment, while CNY responds to PBoC decisions and Chinese growth.
Ethereum popularised programmable “smart contracts”. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the ETH/CNY rate has ranged between 10,629.07 and 33,384.74 — a change of -48.60% versus a year ago.
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.