CNY/ZAR
Market Open
9 Jun, 18:41
R
2. 438448
-0.003771
-0.1544%
R
293,439 Volume
R 2.442219
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CNYZAR Overview
CNYZAR denotes the exchange rate between the Chinese Yuan and the South African Rand, showing how many rand are required to buy one yuan. Quoted as CNYZAR, the pair tracks the relative value of China’s currency versus South Africa’s and is used to price cross-border transactions between the two economies.
China’s currency is the renminbi (RMB), with the yuan as its principal unit, and serves as the official medium of exchange in the People’s Republic of China. Monetary policy and issuance are managed by the People’s Bank of China (PBOC), which influences liquidity, interest rates and exchange-rate guidance for the yuan.
The rand is the official currency of the Republic of South Africa and is identified by the ISO code ZAR. It is issued and regulated by the South African Reserve Bank (SARB), which sets monetary policy and intervenes in currency markets when needed to maintain price stability and financial stability.
Movements in CNYZAR are driven by supply and demand, differences in interest rates and inflation, central bank policy decisions, and broader geopolitical or trade developments. Commodity prices and capital flows also affect the rand, while China’s trade balance and capital controls influence the yuan.
Market participants monitor CNYZAR for trade settlement, hedging exposures between China and South Africa, and speculative opportunities arising from macroeconomic shifts.
China’s currency is the renminbi (RMB), with the yuan as its principal unit, and serves as the official medium of exchange in the People’s Republic of China. Monetary policy and issuance are managed by the People’s Bank of China (PBOC), which influences liquidity, interest rates and exchange-rate guidance for the yuan.
The rand is the official currency of the Republic of South Africa and is identified by the ISO code ZAR. It is issued and regulated by the South African Reserve Bank (SARB), which sets monetary policy and intervenes in currency markets when needed to maintain price stability and financial stability.
Movements in CNYZAR are driven by supply and demand, differences in interest rates and inflation, central bank policy decisions, and broader geopolitical or trade developments. Commodity prices and capital flows also affect the rand, while China’s trade balance and capital controls influence the yuan.
Market participants monitor CNYZAR for trade settlement, hedging exposures between China and South Africa, and speculative opportunities arising from macroeconomic shifts.
CNYZAR Chart
CNYZAR FAQ
What is the current CNY/ZAR price?
The current rate is R2.438448, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the CNY/ZAR rate changed today?
The rate has changed by -0.003771 (-0.1544%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was R2.442219, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is CNY/ZAR moving up or down?
Movements in CNY/ZAR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (-0.1544%) is based on the difference between the current rate and the previous closing rate.
Is CNY/ZAR trending up or down right now?
If the current rate (R2.438448) is below the previous close (R2.442219), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for CNY/ZAR directly on this page.
