AUD/CNH: what to know
The AUD/CNH rate shows how much CNH you get for 1 AUD. Right now, 1 AUD buys 4.6880 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.2133 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while CNH responds to sentiment toward China and offshore flows.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
Your bank, card issuer or exchange office may use a different rate and charge fees. Compare the final amount after the charges disclosed for your offer.