Offshore renminbi (CNH) implied volatility has fallen to historically low levels. 1Y implied vol is now among the cheapest across major global assets, reflecting a sharp contraction in market pricing for risk.
                                                
                                            
                                         
                     
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FICC: CNH Vol’s Multi-Year Lows
- Published: 20 Oct 2025 
- Author:
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                                            Pages:
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Offshore renminbi (CNH) implied volatility has fallen to historically low levels. 1Y implied vol is now among the cheapest across major global assets, reflecting a sharp contraction in market pricing for risk.
                                                
                                            
                                         
             
              
             
              
             
             
              
            