The USD/CNH currency pair is based on the value of the US dollar against the Chinese renminbi, which is also referred to as the yuan. It uses the abbreviation CNY when trading in China. This currency pair’s price reflects how many yuan (the quote currency) are needed to buy one US dollar (the base currency). It reflects the two largest economies in the world, as well as two of the largest exporters and global technology hubs. The CNH used to be tagged to the US dollar but in recent years, exchange rates for the yuan are controlled by Chinese central banks. This has helped to prevent financial crises and maintain its significant trade position. USD/CNH is affected by political events and tension between China and the US. View our USD/CNH chart and start spread betting or trading CFDs.
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