About this pair
CNH/NZD: what to know
The CNH/NZD rate shows how much NZD you get for 1 CNH. Right now, 1 CNH buys 0.2564 NZD at the mid-market rate. In the other direction, 1 NZD is worth 3.8999 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while NZD responds to soft-commodity prices and risk appetite.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
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.