About this pair
SGD/CNH: what to know
The SGD/CNH rate shows how much CNH you get for 1 SGD. Right now, 1 SGD buys 5.2952 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.1889 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while CNH responds to sentiment toward China and offshore flows.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. 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.