CNY/CNH: what to know
The CNY/CNH rate shows how much CNH you get for 1 CNY. Right now, 1 CNY buys 0.9987 CNH at the mid-market rate. In the other direction, 1 CNH is worth 1.0013 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while CNH responds to sentiment toward China and offshore flows.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. 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.