About this pair
CNH/GBP: what to know
The CNH/GBP rate shows how much GBP you get for 1 CNH. Right now, 1 CNH buys 0.1113 GBP at the mid-market rate. In the other direction, 1 GBP is worth 8.9878 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while GBP responds to Bank of England policy and the UK economy.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
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.