AED/CNH: what to know
The AED/CNH rate shows how much CNH you get for 1 AED. Right now, 1 AED buys 1.8260 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.5477 AED.
In the short term AED is driven mainly by its peg to the US dollar, while CNH responds to sentiment toward China and offshore flows.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.