About this pair
XPD/CNY: what to know
The XPD/CNY rate shows how much CNY you get for 1 XPD. Right now, 1 XPD buys 8,742.93 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.000114378 XPD.
In the short term XPD is driven mainly by auto demand and tight supply, while CNY responds to PBoC decisions and Chinese growth.
Palladium is used mainly in petrol-engine catalytic converters. 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.