SGD/CNY: what to know
The SGD/CNY rate shows how much CNY you get for 1 SGD. Right now, 1 SGD buys 5.2948 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.1889 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while CNY responds to PBoC decisions and Chinese growth.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the SGD/CNY rate has ranged between 5.2254 and 5.5675 — a change of -4.75% 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.