CNH is offshore RMB currency traded outside of Mainland China. In conclusion, both CNY and CNH are a type of RMB, as such 1 CNY = 1 RMB = 1 Yuan and 1 CNH = 1 RMB = 1 Yuan. However, they do not necessarily trade at the same price against other currencies, we cover this in more detail at a later stage in this article. CNH Vs CNY: As Mainland China’s economy is now the 2nd largest in the world, you must have become familiar with the Renminbi and its abbreviation RMB.Renminbi is the official name of Mainland China’s national currency and it actually means “people’s currency” in Mandarin. CNY (onshore – RMB traded within Mainland China) CNH (offshore – RMB traded outside of Mainland China) CNY and CNH are both types of RMB (1 CNY = 1 RMB = 1 yuan and 1 CNH = 1 RMB = 1 yuan). They however don’t necessarily trade at the same price against other foreign currencies. The page provides the exchange rate of ¥ 1 CNY - Chinese Yuan to (in,into,equal,=) 0.99962 CNH - Chinese Yuan (Offshore), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for CNY Chinese Yuan (¥) To CNH Chinese Yuan (Offshore). Trading in China’s currency—the onshore renminbi (CNY) which is available only domestically, and the dollar-offshore renminbi (CNH)—has seen explosive growth in recent years. Macrohive reports a 19-fold increase in trading in CNY/CNH from 2007 to 2019, based on official trading data from spot, futures and other currency instruments. Unlike the CNY, the CNH exchange rate is determined by CNH's private supply and demand, although the CNH supply is suppressed by Chinese government regulation. The result is that demand for CNH (e.g. by speculators anticipating an increase in the value of the Chinese currency) is generally higher than supply. CNY rates are set by the PBOC each morning, giving the government tighter control of the onshore Renminbi’s value. CNH rates, on the other hand, are mostly controlled by FX market factors, just like any other currency. This disparity is usually only a few points.
Below you'll find both exchange rates CNH/CNY and inverse CNY/CNH. If you want to convert the values of each currency, it's very comfortable to use real time CNH to CNY converter aside. In CNH/CNY chart you can do analysis and make some decisions: keep, sell or buy your wanted currency. USD/CNH. USDCNH The official currency in China is the renminbi often abbreviated to RMB, while the term Yuan can be used to describe the base unit of the Chinese currency. Recent changes to protocols by Chinese authorities have led to the introduction of a deliverable offshore Renminbi currency market, commonly referred to as "CNH". Apr 17, 2020
On many/most FX brokers, you can trade USD/CNH but will not be able to trade USD/CNY. The CNH market is still heavily concentrated in Hong Kong (hence 23 Jul 2020 CNY and CNH are codes for the currency in China known as Renminbi denominated in Yuan (¥). 5 Aug 2019 The FX market was surprised today when the Peoples Bank of China set the onshore USD/CNY rate much higher than anticipated at 6.9225, Chinese Yuan (Offshore) CNH Exchange Rates Today, Chinese Yuan (Offshore) CNH Convert currency. Chinese Yuan, 1.00, Convert CNH to CNY. 28 Mar 2017 A crucial difference between the two is that CNY is strictly controlled by the People's Bank of China and only traded domestically while CNH is 5 Aug 2019 Renminbi transactions occur in both onshore (USD/CNY) and offshore (USD/ CNH) markets, and CNY designates RMB in FX transactions, 25 Feb 2011 positions from USD/CNY NDF to USD/CNH, doing synthetic arbitrage,” said Andrew Sharkey, head of FX and precious metals options trading
FX Forwards CNH and HKD from 1 Day to 2 Years. NDF in CNY and TWD from 1 Day to 2 Years. Price $6,000. 24 month subscription available. Continue
Within China the yuan is denoted as CNY but is not convertible with overseas currencies. In this pairing the USD is the base currency and the CNH is the quote currency. This means that at today's rate of 7.0596 it takes 7.0596 CNH to buy 1 USD.