About this pair
AUD/CNH: what to know
The AUD/CNH rate shows how much CNH you get for 1 AUD. Right now, 1 AUD buys 4.8097 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.2079 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while CNH responds to sentiment toward China and offshore flows.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. 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.