The official currency of China, with CNY traded onshore and CNH offshore. Knowing this piece of currency market shorthand makes it easier to follow analyst commentary, financial news, and trading-community discussion without confusion.
The official currency of China, with CNY traded onshore and CNH offshore. Knowing this piece of currency market shorthand makes it easier to follow analyst commentary, financial news, and trading-community discussion without confusion.
China's economic size makes yuan movement influential across global markets. Traders progressing past the basics tend to lean on this more heavily as they start combining multiple concepts into a coherent trading approach.
Managed within a controlled trading band by the PBoC. In practice, traders typically encounter this directly within their trading platform, charting software, or an economic calendar, depending on the specific context in which it arises.
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South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
Thailand (10)
Philippines (9)
Nigeria (10)
Vietnam (10)
Malaysia (9)
