About this pair
CNH/RUB: what to know
The CNH/RUB rate shows how much RUB you get for 1 CNH. Right now, 1 CNH buys 12.5713 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.0795 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while RUB responds to oil and gas prices and sanctions.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.