Convert Chinese Yuan (Offshore) to Singapore Dollar
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Singapore Dollar [SGD], or Convert Singapore Dollar to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Singapore Dollar
1 CNH = 5.6040626709385 SGD
Example: convert 15 CNH to SGD:
15 CNH = 15 × 5.6040626709385 SGD = 84.0609400640775 SGD
Chinese Yuan (Offshore) to Singapore Dollar Conversion Table
| Chinese Yuan (Offshore) | Singapore Dollar |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.