TRY/CNH: what to know
The TRY/CNH rate shows how much CNH you get for 1 TRY. Right now, 1 TRY buys 0.1392 CNH at the mid-market rate. In the other direction, 1 CNH is worth 7.1817 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while CNH responds to sentiment toward China and offshore flows.
The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira. 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.