Convert Saint Helena Pound to Chinese Yuan (Offshore)
Please provide values below to convert Saint Helena Pound [SHP] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Saint Helena Pound.
How to Convert Saint Helena Pound to Chinese Yuan (Offshore)
1 SHP = 0.103227782008247 CNH
Example: convert 15 SHP to CNH:
15 SHP = 15 × 0.103227782008247 CNH = 1.5484167301237 CNH
Saint Helena Pound to Chinese Yuan (Offshore) Conversion Table
| Saint Helena Pound | Chinese Yuan (Offshore) |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.