About this pair
RUB/CNH: what to know
The RUB/CNH rate shows how much CNH you get for 1 RUB. Right now, 1 RUB buys 0.0796 CNH at the mid-market rate. In the other direction, 1 CNH is worth 12.5625 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while CNH responds to sentiment toward China and offshore flows.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. 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.