USD/CNH


traders view logo Charts by TradingView

Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest markets data.

US DOLLAR / CHINESE YUAN Trading

The USD/CNH pair represents the USD and the offshore Chinese yuan. In China, the Chinese yuan is denoted as CNY but is not convertible with overseas currencies. In USD/CNH pairing the base currency is USD and the quote currency is the CNH.

History of USD CNH Trading

HKEX launched the USD/CNH futures in September 2012. Ιt was the world's first deliverable RMB currency futures product to be quoted, margined, and settled in RMB. RMB is abbreviation for Ren Min Bi, and is the official currency of China. The base unit for RMB is Yuan just as Dollar in USD. This is the currency system in China. The USD/CNH currency pair provide greater capital efficiency and flexibility for managing exposure to the expanding offshore RMB market. The USD dates back to 1792, when the US dollar was created by the United States Congress as the official country’s currency. It serves as legal tender in many countries and it is the most widely used currency in the world both in circulation and reserve. The US dollar form the majors as it pairs with all main currencies in the foreign exchange market (forex). The Chinese Yuan Renminbi (CNY) is the official currency of mainland China. The term Chinese Yuan Renminbi refers to the currency used in the People’s Republic of China. There are two separate terms, as a yuan acts as China’s unit of account for its financial economy and system, which represents a single unit of money. On the other hand, the term renminbi is the official name of the currency itself.

USD/CNH Trading FAQs

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the USD/CNH whenever the currency pair is more volatile. From 9.30 am to 11.30 pm Beijing time the USD/CNH is usually busy (GMT).

Why Trade USD/CNH with FP Markets? An Australian-regulated forex & CFD broker
go long or short
Go Long or Short

Increase your ability to profit in
all market conditions
Leverage options up to 20:1

direct market access
Direct Market Access (DMA) Execution

Real-time, transparent share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue

advanced platforms
Advanced Platforms
& Technology

MT4, MT5, Webtrader & Iress with
superior client portal

24/5 Multilingual customer support
24/5 Multilingual
Customer Support

Award winning support &
personal account managers

global exposure
Global Exposure

Low margins and competitive commission
+10,000 products on global stocks
across 4 continents

earn dividends
Earn Dividends

On long positions
No ownership of physical
shares necessary

Mulai Trading
Dalam Hitungan Menit

bullet Akses ke 10.000+ instrumen finansial
bullet Buka & tutup posisi secara otomatis
bullet Kalender berita & ekonomi
bullet Grafik & indikator teknikal
bullet Menyediakan banyak perangkat trading

Dengan memberi email Anda, Anda menyatakan menyetujui kebijakan privasi FP Markets dan bersedia menerima materi pemasaran dari FP Markets. Anda dapat berhenti berlangganan kapan saja.




Source - database | Page ID - 5872

Get instant Updates in Telegram