CNH/ZAR: what to know
The CNH/ZAR rate shows how much ZAR you get for 1 CNH. Right now, 1 CNH buys 2.4893 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.4017 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while ZAR responds to commodity prices and risk appetite.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
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.