About this pair
RUB/CNY: what to know
The RUB/CNY rate shows how much CNY you get for 1 RUB. Right now, 1 RUB buys 0.0795 CNY at the mid-market rate. In the other direction, 1 CNY is worth 12.5735 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while CNY responds to PBoC decisions and Chinese growth.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
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.