Convert Chinese Yuan (Offshore) to New Taiwan Dollar
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to New Taiwan Dollar
1 CNH = 0.24421995572961 TWD
Example: convert 15 CNH to TWD:
15 CNH = 15 × 0.24421995572961 TWD = 3.66329933594415 TWD
Chinese Yuan (Offshore) to New Taiwan Dollar Conversion Table
| Chinese Yuan (Offshore) | New Taiwan 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.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.