Convert Chinese Yuan (Offshore) to United States Dollar
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to United States Dollar [USD], or Convert United States Dollar to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to United States Dollar
1 CNH = 7.171519 USD
Example: convert 15 CNH to USD:
15 CNH = 15 × 7.171519 USD = 107.572785 USD
Chinese Yuan (Offshore) to United States Dollar Conversion Table
| Chinese Yuan (Offshore) | United States Dollar |
|---|
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.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.