What is the difference between CNY & CNH?

Due to China's cross-border currency controls, the Chinese yuan is allowed to trade for a different price in an offshore market like Hong Kong. In order to distinguish between these two prices, the unofficial abbreviation CNH is used to refer to the offshore price of the Chinese yuan (CNY).

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.

How to convert CNH to CNY in China?

Within China, CNH and CNY amount to the same value. This means you can exchange CNY for CNH at a ratio of 1:1. However, when converting CNH and CNY into a foreign currency, the exchange rate will be different for each one. You can always check the latest exchange rate for USD to CNY.