About this pair
GBP/CNH: what to know
The GBP/CNH rate shows how much CNH you get for 1 GBP. Right now, 1 GBP buys 9.0626 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.1103 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while CNH responds to sentiment toward China and offshore flows.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. 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.