About this pair
XAG/CNY: what to know
The XAG/CNY rate shows how much CNY you get for 1 XAG. Right now, 1 XAG buys 432.5814 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.00231170 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while CNY responds to PBoC decisions and Chinese growth.
“XAG” uses silver’s Latin symbol Ag (argentum). The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.