About this pair
NZD/CNH: what to know
The NZD/CNH rate shows how much CNH you get for 1 NZD. Right now, 1 NZD buys 3.8999 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.2564 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while CNH responds to sentiment toward China and offshore flows.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. 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.