Convert Chinese Yuan (Offshore) to Nigerian Naira
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Nigerian Naira [NGN], or Convert Nigerian Naira to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Nigerian Naira
1 CNH = 0.00468511492334665 NGN
Example: convert 15 CNH to NGN:
15 CNH = 15 × 0.00468511492334665 NGN = 0.0702767238501998 NGN
Chinese Yuan (Offshore) to Nigerian Naira Conversion Table
| Chinese Yuan (Offshore) | Nigerian Naira |
|---|
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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.