HKD/CNH: what to know
The HKD/CNH rate shows how much CNH you get for 1 HKD. Right now, 1 HKD buys 0.8502 CNH at the mid-market rate. In the other direction, 1 CNH is worth 1.1762 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while CNH responds to sentiment toward China and offshore flows.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. 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.