Convert Chinese Yuan (Offshore) to Australian Dollar
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Australian Dollar [AUD], or Convert Australian Dollar to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Australian Dollar
1 CNH = 4.68971946115616 AUD
Example: convert 15 CNH to AUD:
15 CNH = 15 × 4.68971946115616 AUD = 70.3457919173424 AUD
Chinese Yuan (Offshore) to Australian Dollar Conversion Table
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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.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.