About this pair
CNH/USD: what to know
The CNH/USD rate shows how much USD you get for 1 CNH. Right now, 1 CNH buys 0.1491 USD at the mid-market rate. In the other direction, 1 USD is worth 6.7064 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while USD responds to Fed policy, US growth and global risk appetite.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
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.