NZD/CNY: what to know
The NZD/CNY rate shows how much CNY you get for 1 NZD. Right now, 1 NZD buys 3.9010 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.2563 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while CNY responds to PBoC decisions and Chinese growth.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the NZD/CNY rate has ranged between 3.8319 and 4.2517 — a change of -7.07% 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.