About this pair
CNH/TRY: what to know
The CNH/TRY rate shows how much TRY you get for 1 CNH. Right now, 1 CNH buys 7.1823 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.1392 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while TRY responds to high inflation and central-bank policy.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
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.