About this pair
SEK/CNH: what to know
The SEK/CNH rate shows how much CNH you get for 1 SEK. Right now, 1 SEK buys 0.6913 CNH at the mid-market rate. In the other direction, 1 CNH is worth 1.4465 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while CNH responds to sentiment toward China and offshore flows.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” 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.