CNH

CNH is an acronym used for several distinct topics in finance and industry. Two primary uses are the ISO currency code for offshore renminbi (yuan) and CNH Industrial N.V., a global manufacturer of agricultural and construction equipment and commercial vehicles.

Offshore renminbi, abbreviated CNH, is the offshore trading denomination for the Chinese yuan. It is distinct from the onshore renminbi code CNY and trades in centers such as Hong Kong, Singapore, and London, among others. The CNH rate is influenced by market forces in offshore yuan markets and can diverge from CNY due to liquidity, capital controls, and regulatory differences. Settlement for CNH transactions is typically conducted in U.S. dollars through international banking channels.

CNH Industrial N.V. is a Dutch-registered multinational formed in 2013 through the merger of Fiat Industrial S.p.A. and CNH Global N.V. The company designs, manufactures, and distributes agricultural and construction equipment, as well as commercial vehicles and powertrains. Its brands include New Holland Agriculture, Case IH, Case Construction Equipment, Iveco, Iveco Bus, and FPT Industrial. CNH Industrial operates a global network of manufacturing facilities, distribution centers, and after-sales services, serving customers in farming, construction, and transportation sectors.

The company is registered in the Netherlands and maintains a global presence across multiple regions. It trades on the New York Stock Exchange under the ticker CNHI. In finance and markets, CNH can refer to either the offshore yuan or CNH Industrial, two unrelated uses that share the same acronym.