About this pair
CNH/EUR: what to know
The CNH/EUR rate shows how much EUR you get for 1 CNH. Right now, 1 CNH buys 0.1289 EUR at the mid-market rate. In the other direction, 1 EUR is worth 7.7600 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while EUR responds to ECB policy and eurozone growth.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
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.