About this pair
NOK/CNH: what to know
The NOK/CNH rate shows how much CNH you get for 1 NOK. Right now, 1 NOK buys 0.7220 CNH at the mid-market rate. In the other direction, 1 CNH is worth 1.3850 NOK.
In the short term NOK is driven mainly by oil and gas prices, while CNH responds to sentiment toward China and offshore flows.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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.