BCH/BTC: what to know
The BCH/BTC rate shows how much BTC you get for 1 BCH. Right now, 1 BCH buys 0.00290078 BTC at the mid-market rate. In the other direction, 1 BTC is worth 344.7345 BCH.
In the short term BCH is driven mainly by crypto-market sentiment, while BTC responds to crypto-market sentiment and liquidity.
Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions. The supply is capped at 21 million coins.
Over the past 12 months the BCH/BTC rate has ranged between 0.00292433 and 0.00843667 — a change of -43.24% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.