GBP/CNY: what to know
The GBP/CNY rate shows how much CNY you get for 1 GBP. Right now, 1 GBP buys 9.0724 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.1102 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while CNY responds to PBoC decisions and Chinese growth.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the GBP/CNY rate has ranged between 8.9366 and 9.7055 — a change of -6.45% versus a year ago.
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.