Chinese yuan / Hong Kong dollar

The Chinese Yuan Offshore (CNH) is a currency that is traded on the international financial markets. It is used by investors as a hedge against currency fluctuations and to gain access to China’s fast-growing economy. The CNH is a freely-floating currency, meaning it allows investors to take a position on the value of the yuan versus other major global currencies, such as the US dollar. The CNH is also used for international transactions, allowing investors to trade in yuan without the need for an onshore yuan account. By investing in the CNH, investors can benefit from the potential growth of the Chinese economy while protecting against any fluctuations in the value of the yuan.