About this pair
XAU/CNH: what to know
The XAU/CNH rate shows how much CNH you get for 1 XAU. Right now, 1 XAU buys 29,175.67 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.0000342751 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while CNH responds to sentiment toward China and offshore flows.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.