TRY/CNY: what to know
The TRY/CNY rate shows how much CNY you get for 1 TRY. Right now, 1 TRY buys 0.1392 CNY at the mid-market rate. In the other direction, 1 CNY is worth 7.1855 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while CNY responds to PBoC decisions and Chinese growth.
The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the TRY/CNY rate has ranged between 0.1385 and 0.1726 — a change of -19.71% 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.