CNHH
CNH/HKD
Market Open
9 Jun, 18:42
1. 156527
HKD +0.001827
+0.1582%
222,652 Volume
1.1547 HKD
Previous Close Want to track CNHHKD and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
CNHHKD Overview
CNHHKD is the currency pair that expresses the exchange rate between the offshore Chinese yuan and the Hong Kong dollar. Quoted as CNHHKD, it shows the amount of Hong Kong dollars required to purchase one unit of offshore Chinese yuan (CNH), and is used to value transactions and positions involving these two currencies.
The offshore Chinese yuan (CNH) is the international form of the renminbi traded outside mainland China, most actively in Hong Kong and other global financial centres. Its issuance and overall monetary policy are governed by the People’s Bank of China, while CNH markets operate under offshore liquidity and pricing conditions that can diverge from onshore CNY.
The Hong Kong dollar (HKD) is the official currency of the Hong Kong Special Administrative Region, issued under the supervision of the Hong Kong Monetary Authority with banknotes distributed by authorized issuers. HKD operates within a currency board framework linked to the US dollar, which influences its stability and policy responses.
The CNHHKD rate is set by market supply and demand and influenced by interest rate differentials, inflation trends, capital flows, and central bank interventions by the PBoC and HKMA. Geopolitical developments, trade balances and differences between onshore and offshore renminbi markets also contribute to price movements.
For market participants, CNHHKD is relevant for hedging cross-border trade and investment exposures, facilitating currency conversion in Greater China, and providing opportunities for speculation and relative-value trading between onshore and offshore yuan markets.
The offshore Chinese yuan (CNH) is the international form of the renminbi traded outside mainland China, most actively in Hong Kong and other global financial centres. Its issuance and overall monetary policy are governed by the People’s Bank of China, while CNH markets operate under offshore liquidity and pricing conditions that can diverge from onshore CNY.
The Hong Kong dollar (HKD) is the official currency of the Hong Kong Special Administrative Region, issued under the supervision of the Hong Kong Monetary Authority with banknotes distributed by authorized issuers. HKD operates within a currency board framework linked to the US dollar, which influences its stability and policy responses.
The CNHHKD rate is set by market supply and demand and influenced by interest rate differentials, inflation trends, capital flows, and central bank interventions by the PBoC and HKMA. Geopolitical developments, trade balances and differences between onshore and offshore renminbi markets also contribute to price movements.
For market participants, CNHHKD is relevant for hedging cross-border trade and investment exposures, facilitating currency conversion in Greater China, and providing opportunities for speculation and relative-value trading between onshore and offshore yuan markets.
CNHHKD Chart
CNHHKD FAQ
What is the current CNH/HKD price?
The current rate is 1.156527 HKD, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the CNH/HKD rate changed today?
The rate has changed by +0.001827 (+0.1582%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was 1.154700 HKD, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is CNH/HKD moving up or down?
Movements in CNH/HKD are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.1582%) is based on the difference between the current rate and the previous closing rate.
Is CNH/HKD trending up or down right now?
If the current rate (1.156527 HKD) is above the previous close (1.154700 HKD), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for CNH/HKD directly on this page.
