Convert Chinese Yuan (Offshore) to Chinese Yuan
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Chinese Yuan [CNY], or Convert Chinese Yuan to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Chinese Yuan
1 CNH = 0.999668102426853 CNY
Example: convert 15 CNH to CNY:
15 CNH = 15 × 0.999668102426853 CNY = 14.9950215364028 CNY
Chinese Yuan (Offshore) to Chinese Yuan Conversion Table
| Chinese Yuan (Offshore) | Chinese Yuan |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).