About this pair
EUR/CNH: what to know
The EUR/CNH rate shows how much CNH you get for 1 EUR. Right now, 1 EUR buys 7.7847 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.1285 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while CNH responds to sentiment toward China and offshore flows.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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.