When to use CNH vs CNY?

To summarise: CNY is the ISO code for domestic currency traded only within Mainland China, and is sometimes referred to as onshore renminbi. CNH is the code used for international Chinese currency which is traded outside of Mainland China, and is sometimes described as offshore renminbi.

How much is CNH vs CNY?

1 CNH = 1.000045 CNY Jul 05, 2025 08:55 UTC Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the extreme volatility in global currencies lately.

Is RMB a CNH or CNY?

CNY is the currency code for RMB assigned by the ISO (International Organization for Standardization). Mizuho Bank uses “CNY” to denote RMB funded within the onshore market and “CNH” to denote RMB funded within the offshore market, in order to distinguish them from each other.

Is Swift using CNH or CNY?

You can send offshore RMB (CNH) payments via Swift into China, which will be received by the beneficiary as CNY at a 1:1 exchange rate.

CNY is traded within the Mainland China, while CNH is traded outside the Mainland China. CNY is tightly controlled by the People’s Bank of China …
Market: CNY is traded within mainland China whereas CNH is traded in offshore markets, such as Hong Kong, Singapore and London.
CNY is the RMB traded in mainland China. CNH is the RMB traded offshore outside mainland China. CNY has developed over a longer period in the mainland trading …

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