About this pair
XAU/CNY: what to know
The XAU/CNY rate shows how much CNY you get for 1 XAU. Right now, 1 XAU buys 29,184.06 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.0000342653 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while CNY responds to PBoC decisions and Chinese growth.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. 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.