Convert Bosnia-Herzegovina Convertible Mark to Chinese Yuan (Offshore)
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Chinese Yuan (Offshore)
1 BAM = 0.232461212192285 CNH
Example: convert 15 BAM to CNH:
15 BAM = 15 × 0.232461212192285 CNH = 3.48691818288427 CNH
Bosnia-Herzegovina Convertible Mark to Chinese Yuan (Offshore) Conversion Table
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.