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