CNH/RON: what to know
The CNH/RON rate shows how much RON you get for 1 CNH. Right now, 1 CNH buys 0.6754 RON at the mid-market rate. In the other direction, 1 RON is worth 1.4805 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while RON responds to regional sentiment and euro moves.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.