CNH/CHF: what to know
The CNH/CHF rate shows how much CHF you get for 1 CNH. Right now, 1 CNH buys 0.1199 CHF at the mid-market rate. In the other direction, 1 CHF is worth 8.3392 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while CHF responds to safe-haven demand and SNB policy.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value.
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.