About this pair
ZAR/CNH: what to know
The ZAR/CNH rate shows how much CNH you get for 1 ZAR. Right now, 1 ZAR buys 0.4150 CNH at the mid-market rate. In the other direction, 1 CNH is worth 2.4095 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while CNH responds to sentiment toward China and offshore flows.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. 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.