HUF/CNY: what to know
The HUF/CNY rate shows how much CNY you get for 1 HUF. Right now, 1 HUF buys 0.0214 CNY at the mid-market rate. In the other direction, 1 CNY is worth 46.7302 HUF.
In the short term HUF is driven mainly by Hungarian central-bank policy and regional sentiment, while CNY responds to PBoC decisions and Chinese growth.
The Hungarian Forint (HUF) is issued by Hungarian National Bank. The forint is named after the gold florin of Florence. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the HUF/CNY rate has ranged between 0.0201 and 0.0225 — a change of +0.12% 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.