About this pair
CNH/XAU: what to know
The CNH/XAU rate shows how much XAU you get for 1 CNH. Right now, 1 CNH buys 0.0000342836 XAU at the mid-market rate. In the other direction, 1 XAU is worth 29,168.49 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while XAU responds to real interest rates, the dollar and safe-haven demand.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.