USD/CNH
US Dollar – Yuan Chart
CNH is short for Chinese Yuan in HongKong, A.K.A the offshore Chinese Yuan. The price of USD/CNH tells traders how many CNH are needed to buy one U.S dollar. The offshore Chinese Yuan market starts from Hongkong but now are expanded to several overseas cities. Accordingly, there is also onshore Chinese Yuan market where the Chinese Yuan is traded inside China mainland and called USD/CNY. China’s central bank set a daily middle rate for the USD/CNY and allows the rate deviate from the middle rate no more than 2%. However, the USD/CNH has a more volatile movement since it is not under direct control of the China authority.
