Are CNY and CNH the same currency?

These are: CNY and CNH. CNH is the Chinese Yuan traded in the offshore market. CNH and CNY are valued at the same amount in Renminbi, and both of them are currencies of the same country (China). This means that CNH exchanges to CNY at a ratio of 1:1. Despite these similarities, CNY and CNH are not the same currency.

What does CNY mean in Chinese currency?

CNY is the ISO code for the onshore Chinese Yuan, which differentiates it from the offshore Yuan. It is also sometimes referred to as the Chinese Yuan onshore or onshore Renminbi. All transactions in mainland China are done through CNY. What is CNH? CNH is the Chinese Yuan used in offshore markets outside of mainland China.

What is the exchange rate for CNY & CNH?

For people who are exchanging CNY for CNH, the exchange rate is always 1:1. The two types of Yuan are worth the same amount relative to each other. However, when exchanging CNY or CNH for a third currency, such as the Hong Kong Dollar, the two types of Yuan may be worth slightly different amounts, and this rate may fluctuate.