Convert Chinese Yuan (Offshore) to New Zealand Dollar
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to New Zealand Dollar
1 CNH = 4.29689574595566 NZD
Example: convert 15 CNH to NZD:
15 CNH = 15 × 4.29689574595566 NZD = 64.4534361893349 NZD
Chinese Yuan (Offshore) to New Zealand Dollar Conversion Table
| Chinese Yuan (Offshore) | New Zealand Dollar |
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.