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Exotic

USD/CNH

USD/CNH prices the U.S. dollar in offshore Chinese yuan (traded mainly in Hong Kong). The onshore yuan (CNY) is managed within a band around a daily fixing set by the People's Bank of China; CNH trades more freely but tracks it closely.

Reference rate

6.7019

Bank of Canada-derived · 2026-09-29

Pip value (10,000 units)

C$0.21

Pip size 0.0001

Most active (ET)

8 p.m.–4 a.m. ET (Asian session).

USD/CNH — last 120 Bank of Canada observations (onshore CNY used)

2026-09-29 → 2026-04-09 · +1.94%

Latest
6.8319
High
6.8390
Low
6.6958

What moves USD/CNH

  • People's Bank of China daily fixing and policy
  • U.S.–China trade relations
  • Chinese growth and capital flows

The Canadian angle

Exotic pairs carry wider spreads and much lower leverage at Canadian dealers.

Related: what moves the loonie · pip calculator · market hours

Registered brokers to trade USD/CNH

  1. #1

    Interactive Brokers Canada

    CIRO-registered

    Best for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account

    Platforms
    TradingView
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
  2. #2

    Questrade

    CIRO-registered

    Best for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm

    Platforms
    Proprietary
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
  3. #3

    CMC Markets Canada

    CIRO-registered

    Best for: Traders who want the widest CFD and currency-pair range from a Canadian dealer

    Platforms
    MT4, TradingView
    FX pairs
    150+
    Min. deposit
    $0
    CIPF
    Yes

    ⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.

Questions

What is one pip worth on USD/CNH in Canadian dollars?

A pip on USD/CNH is 0.0001. On 10,000 units that's 1 CNH, or about C$0.21 at the latest Bank of Canada rate.

When is USD/CNH most active?

8 p.m.–4 a.m. ET (Asian session).

Where can Canadians trade USD/CNH?

Through CIRO-registered dealers that offer forex, such as Interactive Brokers Canada, Questrade, CMC Markets Canada. Leverage on exotic pairs is much lower than on majors.

Rates are Bank of Canada daily averages (cross rates derived via CAD) for information only — not trading prices or advice. Source: Bank of Canada.