About Usd-Cnh and Usd-Cnh Trading
What type of currency pair is NZD/CNH?
The USD/CNH is an exotic currency pair, as it consists of a major currency (USD – the U.S Dollar) and an emerging currency (CNH – the Chinese Yuan).
The Chinese Yuan is the quote currency, and the U.S Dollar is the base currency. The USD to CNH currency pair shows traders how much the USD is worth when compared to the CNH.
Drivers for the USD/CNH currency pair
The USD/CNH pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth.
As both the U.S and China are two of the world's major players, any changes in their respective economies or politics can lead to shifts in the USD/CNH price . Additionally, the Chinese government limits the supply of the Yuan, so the demand normally is bigger than the supply.
How can you trade the USD/CNH currency pair?
At CAPEX.com you can follow the USD/CNH live chart to trade on the price movements of this currency pair through CFDs. If you think that prices will go up, you can open a long position (BUY). If you think prices will decrease, you can open a short position (SELL).
When can you trade the USD/CNH pair?
Here at CAPEX.com you can trade the USD/CNH pair from Sunday to Friday, between 21:05-20:55 GMT. If you cannot trade at those hours, you can always pick another currency pair, as we have more than 55 FX pairs available.