Convert Solomon Islands Dollar to Chinese Yuan (Offshore)
Please provide values below to convert Solomon Islands Dollar [SBD] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Chinese Yuan (Offshore)
1 SBD = 1.14905921604614 CNH
Example: convert 15 SBD to CNH:
15 SBD = 15 × 1.14905921604614 CNH = 17.2358882406921 CNH
Solomon Islands Dollar to Chinese Yuan (Offshore) Conversion Table
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.