Convert Hong Kong Dollar to Chinese Yuan (Offshore)
Please provide values below to convert Hong Kong Dollar [HKD] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Chinese Yuan (Offshore)
1 HKD = 1.09457982332613 CNH
Example: convert 15 HKD to CNH:
15 HKD = 15 × 1.09457982332613 CNH = 16.418697349892 CNH
Hong Kong Dollar to Chinese Yuan (Offshore) Conversion Table
| Hong Kong Dollar | Chinese Yuan (Offshore) |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.