About this pair
CNH/NOK: what to know
The CNH/NOK rate shows how much NOK you get for 1 CNH. Right now, 1 CNH buys 1.3850 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.7220 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while NOK responds to oil and gas prices.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
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.