COP/CNH: what to know
The COP/CNH rate shows how much CNH you get for 1 COP. Right now, 1 COP buys 0.00217335 CNH at the mid-market rate. In the other direction, 1 CNH is worth 460.1194 COP.
In the short term COP is driven mainly by oil and commodity prices, while CNH responds to sentiment toward China and offshore flows.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
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.