NGC 2346 is a high excitation nebula which has a bipolar appearance and whose obvious central star is of too late a spectral type (A5) to account for the photo-ionization of the nebula. Spectral observations at high and low resolution in the visible, and low dispersion IUE observations in the UV are combined to explain the structure of the object. The radial velocity structure indicates a cylindrical geometry, or possibly two cavities, with the ionized material in the form of thin sheets. The variation of extinction has been investigated at many positions over the nebula; the obscuration is irregular although a ring of low extinction around the central star is apparent. The central star has previously been found to be a single-lined spectroscopic binary, and its zero velocity lies midway between the positive and negative radial velocity components of the ionized material. Visible spectrophotometry of the central star is combined with long and short wavelength IUE spectra in order to determine the parameters of the cool central star and the hot binary companion. The evolutionary status of this peculiar nebula is briefly discussed.