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About
History
Why Trade?
About
History
Why Trade?
The USD/CNH currency pair is an important trading pair in the global foreign exchange market. It represents the value of the US dollar (USD) against the Chinese yuan renminbi (RMB). This currency pair is considered to be one of the most liquid and actively traded pairs, due to its proximity to China’s economy.
It is also one of the most volatile currency pairs, making it a risky but potentially profitable trading instrument. The USD to RMB rate fluctuates daily in response to the economic and political events in both countries. As the Chinese yuan becomes increasingly accepted as a global reserve currency, traders often use USDCNH as an accurate gauge of market sentiment towards China's economy.
The USDCNH exchange rate has seen a wide range of values since the two currencies were first paired. The highest recorded price for this currency pair was 8.83 RMB to 1 USD in Mar of 1996, while the lowest price was 6.04 RMB to 1 USD back in Jan 2014.
This means that for every US dollar, the Chinese yuan was worth as much as 8.83 RMB at one point and as little as 6.04 RMB at another point. For those looking to trade in this currency pair, understanding the historical price movements can be key to success. It is important to keep track of the current exchange rate between USDCNH and its history so that knowledgeable decisions can be made when trading.
The USDCNH currency pair, which is the pairing of the United States Dollar and the Chinese Yuan (CNY or RMB), is a popular trading option among investors. Due to China's size as an economic power, its currency has been gaining traction on international markets and can be traded just like any other major currency. The USDCNH pairing can be used to take advantage of price changes in the Chinese currency.
Traders who are interested in trading foreign currencies may also want to look at other currency pairs that involve China's yuan, such as EURCNY and GBPCNY. This pairing could allow investors to gain exposure to the Chinese economy, while also giving them the possibility of hedging their risk by holding two currencies that are inversely correlated.
| Swap long | [[ data.swapLong ]] points |
|---|---|
| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
Hassle-free, with flexible trade sizes, and super low spreads!
- Spreads starting at 0.2!
- Average Execution at 5ms
- Easy to use platform
*Other fees may apply.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.
Forex
Capitalise on rising prices (go long)
Capitalise on falling prices (go short)
Trade with leverage
Trade on volatility
Enjoy huge liquidity
Manage risk with in-platform tools
Ability to set take profit and stop loss levels
