About this pair
XPT/CNY: what to know
The XPT/CNY rate shows how much CNY you get for 1 XPT. Right now, 1 XPT buys 12,027.38 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.0000831436 XPT.
In the short term XPT is driven mainly by industrial (auto) demand and supply, while CNY responds to PBoC decisions and Chinese growth.
Platinum is rarer than gold and vital for 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.