CNH/XPD: what to know
The CNH/XPD rate shows how much XPD you get for 1 CNH. Right now, 1 CNH buys 0.000114411 XPD at the mid-market rate. In the other direction, 1 XPD is worth 8,740.41 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while XPD responds to auto demand and tight supply.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. Palladium is used mainly in petrol-engine catalytic converters.
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.