About this pair
CNH/PHP: what to know
The CNH/PHP rate shows how much PHP you get for 1 CNH. Right now, 1 CNH buys 9.3442 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.1070 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while PHP responds to overseas remittances and trade flows.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule.
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.