CNH is the currency abbreviation for China’s official offshore market currency, the Chinese Yuan. It is important to make the distinction between China’s official offshore market currency and CNY, the Chinese Yuan Renminbi that is used for the onshore Mainland China market.

The reason for the distinction between the two currencies stems from China’s strict controls over its capital and FX markets as well as the domestic economy.

The dual currency serves as an aid in keeping the domestic economy intact without affecting international trading.

A very common criticism of the CNH has been the intentional devaluation against the dollar for obvious trading reasons.

visa mastercard paypal transfer skrill sofort giropay trustly

Open your EverFX account

It takes only a few minutes and even fewer clicks to enter the promising and exciting world of trading. Take the first step by clicking on the link below.
Trading involves significant risk of loss
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73,74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure