About this pair
HKD/CNH: what to know
The HKD/CNH rate shows how much CNH you get for 1 HKD. Right now, 1 HKD buys 0.8553 CNH at the mid-market rate. In the other direction, 1 CNH is worth 1.1692 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while CNH responds to sentiment toward China and offshore flows.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. 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.