CNY and CNH: What’s the difference? If you are exchanging Yuan online for a different currency, you may be confused by the fact that there are two different currency codes that both refer to Yuan. But there’s a clear distinction between the two types of Chinese Yuan: What is CNY? CN...
The spread between CNH and CNY can of course sometimes go the other way, in which case converting in China will be an even better value proposition. Why would you ever convert outside of China? In the face of the above, it’s important to understand that sometimes i...
The Chinese yuan might trade for a different price in offshore markets such as Hong Kong due to China's cross-border currency controls. The unofficial abbreviation CNH is sometimes used to refer to the offshore price of the Chinese yuan to distinguish between these two prices.8 One Chinese y...
Because Currencycloud accesses both CNY and CNH, it provides businesses and individuals a 1:1 exchange rate when paying both offshore CNH payments and also onshore CNY payments into mainland China. This can be into corporate bank accounts and also to product and service providers who receive pay...
CNY and CNH: What’s the difference? If you are exchanging Yuan online for a different currency, you may be confused by the fact that there are two different currency codes that both refer to Yuan. But there’s a clear distinction between the two types of Chinese Yuan: What is CNY? CN...
CNY and CNH: What’s the difference? If you are exchanging Yuan online for a different currency, you may be confused by the fact that there are two different currency codes that both refer to Yuan. But there’s a clear distinction between the two types of Chinese Yuan: What is CNY? CN...