Convert United States Dollar to Chinese Yuan (Offshore)
Please provide values below to convert United States Dollar [USD] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to United States Dollar.
How to Convert United States Dollar to Chinese Yuan (Offshore)
1 USD = 0.139440472792445 CNH
Example: convert 15 USD to CNH:
15 USD = 15 × 0.139440472792445 CNH = 2.09160709188667 CNH
United States Dollar to Chinese Yuan (Offshore) Conversion Table
| United States Dollar | Chinese Yuan (Offshore) |
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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.
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.