About this pair
CNH/ZAR: what to know
The CNH/ZAR rate shows how much ZAR you get for 1 CNH. Right now, 1 CNH buys 2.4099 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.4150 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while ZAR responds to commodity prices and risk appetite.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
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.