In aqueous solutions, as in organic solvents, rhodium hydrides display the chemistry of one of the three limiting forms, i.e. {Rh^I + H⁺}, {Rh^II + H˙}, and {Rh^III + H⁻}. A number of intermediates and oxidation states have been generated and explored in kinetic and mechanistic studies. Monomeric macrocyclic rhodium(II) complexes, such as L(H₂O)Rh²⁺ (L = L¹ = [14]aneN₄, or L² = meso-Me₆[14]aneN₄) can be generated from the hydride precursors by photochemical means or in reactions with hydrogen atom abstracting agents. These rhodium(II) complexes are oxidized rapidly with alkyl hydroperoxides to give alkylrhodium(III) complexes. Reactions of Rh(II) with organic and inorganic radicals and with molecular oxygen are fast and produce long-lived intermediates, such as alkyl, superoxo and hydroperoxo complexes, all of which display rich and complex chemistry of their own. In alkaline solutions of rhodium hydrides, the existence of Rh(I) complexes is implied by rapid hydrogen exchange between the hydride and solvent water. The acidity of the hydrides is too low, however, to allow the build-up of observable quantities of Rh(I). Deuterium kinetic isotope effects for hydride transfer to a macrocyclic Cr(V) complex are comparable to those for hydrogen atom transfer to various substrates.