CNH/USD: what to know
The CNH/USD rate shows how much USD you get for 1 CNH. Right now, 1 CNH buys 0.1499 USD at the mid-market rate. In the other direction, 1 USD is worth 6.6691 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while USD responds to Fed policy, US growth and global risk appetite.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
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.