ZAR/CNH: what to know
The ZAR/CNH rate shows how much CNH you get for 1 ZAR. Right now, 1 ZAR buys 0.4017 CNH at the mid-market rate. In the other direction, 1 CNH is worth 2.4897 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while CNH responds to sentiment toward China and offshore flows.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. 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.