About this pair
CNH/HKD: what to know
The CNH/HKD rate shows how much HKD you get for 1 CNH. Right now, 1 CNH buys 1.1692 HKD at the mid-market rate. In the other direction, 1 HKD is worth 0.8553 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while HKD responds to its peg to the US dollar.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
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.