Question 1

How does the Chinese government control the value of the CNH?

Accepted Answer

While the CNH is traded more freely than the onshore Yuan CNY the Chinesegovernment still exerts some influence over its value through various policytools and interventions in the offshore market.

Question 2

Why is the CNH exchange rate different from the CNY exchange rate?

Accepted Answer

The CNH and CNY trade in different markets with varying levels of liquidity andregulations. This can lead to discrepancies in their exchange rates.Additionally market sentiment and expectations about the Chinese economy canalso influence the relative values of CNH and CNY.

Question 3

How does CNH impact the global financial system?

Accepted Answer

The emergence of CNH is significant because it represents Chinas growinginfluence in the global financial system and its efforts to promote theinternationalization of the Yuan. The development of CNH markets contributes tothe diversification of global currency reserves and provides an alternative totraditional reserve currencies like the US dollar.

Currency	Rate	Change
EUR/USD	1.08854
GBP/EUR	1.19582
USD/VND	24,990
USD/JPY	149.408
USD/CNY	7.11489
EUR/JPY	162.636
USD/CHF	0.8631
JPY/VND	167.26

Central Bank	Interest Rate
Australian Central Bank	4.35%
British Central Bank	5%
Chilean Central Bank	5.5%
Chinese Central Bank	3.35%
Czech Central Bank	4.25%
Danish Central Bank	3.25%
Japanese Central Bank	0.25%
Mexican Central Bank	10.5%

CNH - Chinese Yuan (Offshore)

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