1. Exchange Rates
  2. Australian dollar (AUD)
  3. Chinese yuan (CNY)

Convert AUD to CNY at Best Exchange Rates

There are three amounts that you need to understand if you are to have any chance of getting the best possible AUD to CNY rate, these are :

  1. The AUD/CNY foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Australian dollar equals
Chinese yuan 1=

Right now the AUD/CNY market rate is and represents how many Chinese yuan you can get for one Australian dollar. You can calculate with the current mid-rate using our AUD to CNY calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same AUD/CNY market rate I see on Google or in the Media?

When you look up the current Australian dollar to Chinese yuan exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

AUD to CNY mid-rate on google

AUD to CNY mid-rate on google search

Getting a great AUD to CNY mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below AUD to CNY calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Australian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

AUD to CNY mid-rate calculator

1 AUD equals

Compare rates for: Currency Exchange or Foreign Transfers
Loading AUD/CNY Chart

Australian dollar - market update

It was an excellent end to 2017 for the Australian dollar. In the final three weeks of the year, the currency made the most of an impressive year-end rally in commodities and climbed by three cents against the US dollar, or roughly 4%, to end the year a whisker above 0.78. Things haven’t been so easy in early 2018, however.

In early 2018 (to February 15th), despite a marginal climb to 0.79 against a faltering US dollar, the Australian dollar has been broadly weak, having fallen towards multi-month or multi-year lows against the New Zealand dollar (1.0705), euro (0.635) and yen (84).

Entering 2018, most forecasts for AUD/USD for year-end lay between 0.7 and 0.75 (mostly bearish AUD). By far the most optimistic forecast came from Commonwealth Bank, which predicted the return of broad US dollar weakness and a subsequent rise in AUD/USD to 0.85.

Goldman Sachs have predicted that iron ore prices – crucial to Australia’s national income – will fall 30% in 2018. If the bank is correct, this will weigh on the Australian dollar.

Among those who will be happy with further declines in the Aussie’s value are Australian exporters and those at Australia’s central bank. In 2017, RBA statements regularly complained that AUD appreciation was contributing to “subdued price pressures in the economy” and was weighing on the “outlook for output and employment.”

Chinese yuan - market update

The yuan gained 6.7% against the dollar in 2017, marking the currency’s best annual performance in a decade.

In mid-January, the yuan made it five straight weeks of gains as it climbed to its strongest level in four months at ¥6.46 per dollar. It should be said, however, that much of the yuan’s strength during this period was a result of broad US dollar weakness, rather than being a result of positive economic developments in China.

One development that certainly was positive was that suggested by Chinese Premier Li Keqiang in January. The Premier said that China’s 2017 economic growth would likely be 6.9% – well ahead of the 6.5% target. Official data would be released on January 18th.

For 2018, Commerzbank analyst Zhou Hao believes that the yuan will appreciate marginally in value against a basket of currencies.

In January, the PBOC announced that it had has eased controls over the yuan by removing the “counter-cyclical factor” from its calculations of the daily USD/CNY central rate. The CCF had been introduced in May 2017 to apparently lessen the influence of market forces on the yuan at a time when the currency was under considerable pressure. Upon the PBOC’s announcement, the yuan slipped – it had its worst day against the dollar in several months – but within 24-hours normal service had resumed with the yuan showing considerable strength in line with other Asian currencies.

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