China - Chinese Yuan - Currency Guide

This is a currency guide to China, the Chinese Yuan currency plus sending (CNY) transfers and travel tips for China.

 
 
CountryChina
FlagChina
Country CodeCN
Domestic Currency Chinese Yuan
Currency Symbol¥
Currency CodeCNY
Exchange RateCAD/CNY = 5.3136
Telephone Prefix+86

Quick Conversions from Canadian Dollar to Chinese Yuan

CAD

CNY

C$ 1
¥ 5.3136
C$ 5
¥ 26.57
C$ 10
¥ 53.14
C$ 20
¥ 106.27
C$ 50
¥ 265.68
C$ 100
¥ 531.36
C$ 250
¥ 1,328
C$ 500
¥ 2,657
C$ 1,000
¥ 5,314
C$ 2,000
¥ 10,627
C$ 5,000
¥ 26,568
C$ 10,000
¥ 53,136
C$ 50,000
¥ 265,680
C$ 100,000
¥ 531,360
More amounts

CAD

CNY

C$ 0.1882
¥ 1
C$ 0.9410
¥ 5
C$ 1.8820
¥ 10
C$ 3.7640
¥ 20
C$ 9.4100
¥ 50
C$ 18.82
¥ 100
C$ 47.05
¥ 250
C$ 94.10
¥ 500
C$ 188.20
¥ 1,000
C$ 376.40
¥ 2,000
C$ 941.00
¥ 5,000
C$ 1,882
¥ 10,000
C$ 9,410
¥ 50,000
C$ 18,820
¥ 100,000
More amounts

To calculate specific CAD/CNY amounts use our Convert CAD to CNY quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view CAD to CNY Rate Guide.

China Currency Info

The Chinese currency is actually called renminbi, but you will more frequently hear it called by the name of its primary unit, the yuan. The renminbi-yuan relationship is similar to that of Britain’s sterling-pound (sterling being the name of the currency and a pound being one unit of that currency). The ISO for renminbi, or the yuan, is CNY. An ISO of CHN denotes yuan traded in offshore markets, such as Hong Kong.

According to the Bank for International Settlements’ 2016 survey of the foreign exchange market, the yuan is now the world’s eighth most traded currency and has overtaken the Mexican peso to become the world’s most traded emerging market currency. However, disappointingly, 95% of all yuan trading remains against just one other currency, the US dollar.

The yuan reached its all-time low against the dollar in January 1994 when the exchange rate for USD/CNY reached 8.73. It's all-time high occurred in January 1981 when USD/CNY hit 1.53.

A high point for Chinese officials in recent years came when the yuan was added to the IMF’s Special Drawing Rights basket of currencies in October 2016 and, with its inclusion, joined the dollar, euro, yen and the pound as an official world reserve currency.

Importantly, China’s currency is not freely floating, which is to say that it is not determined wholly by market forces or purely by demand and supply. While market forces do play a part in China’s ‘managed float’ system, daily changes to the value of the yuan are restricted by the country’s central bank to moves of 2% above or below a midpoint, or reference rate, against the US dollar. This special rate is set each day by the central bank after consideration of the values of currencies from China’s main trading partners.


Frequently Asked Questions


What currency should I use in China?

The domestic currency in China is the Chinese Yuan.

What is the Chinese Yuan currency code and symbol?

The three letter currency code for the Chinese Yuan is CNY — symbol is ¥.

How much is C$100 Canadian Dollars in Chinese Yuan?

C$ 100 converts to ¥ 531.36

Which countries use the Chinese Yuan?

It is the domestic currency in China.

Is the Chinese Yuan a closed currency?

No, the Chinese Yuan is freely available and convertible. See guide: What is a closed currency?


Chinese Yuan (CNY) in the markets

In early August the offshore yuan surged to a decade high of 7.05 per US dollar, breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Increasingly, the yuan is being used as a barometer for progress made on US-China trade talks.

Trade tensions have ramped up again since May when President Trump announced higher tariffs on Chinese goods, after China retaliated with tariffs of its own, and then after Trump placed Huawei on the "entity list," thereby making it impossible for the tech giant to do business with US firms.

The interactive chart below shows the CAD to CNY exchange rate and trend for the previous 3 months:

ALERT: 30-DAY HIGHS 🔔 |
CAD/CNY at 5.313 was trading near the 90-day average 5.2987 with a range 5.2404 to 5.3813. ALERT: CAD/CNY has risen to 30-DAY HIGHS.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

Travel, Currency and Money saving tips for China

China's international visitors have rocketed to an impressive 26 million in 2015. It is said that in less than 10 years, the country will become the first tourist destination with the world's largest number of visitors.

Can I use a Credit Card in China?

Credit cards are still not accepted in many places so it will be convenient to carry a travel card or cash with you. If you're thinking of only visiting the larger cities such as Shanghai, Beijing, Guangzhou, Tianjin or Chengdu, you'll find no real problems in using a credit card in China. If you plan on travelling outside of the big cities, however, you'll have trouble finding ATMs and businesses that accept credit cards. As general rule the Chinese do not like the idea of debt and so tend to avoid using or accepting credit cards. Even in the big cities it can still be unreliable to depend on using credit cards depending on which area you are in.

The highest denomination (100 yuan) does not carry a huge amount of value so if you intend to make large purchases you may be carrying a conspicuous wad of cash around with you. In only recent years, more and more banks around China have made this possible to the extent it is becoming standard. 

Beware of people on the street side who offer services of money exchange. There has lately been a growing rate of ATM scam, where certain characters set up fake ATMs to scam credit card details. Just try to avoid any ATM that looks suspicious, or use the ATMs at major banks. There is also counterfeit money circulating in China, these are almost always smaller notes so try not to break up your larger notes all the time. Also be sure to notify your bank that you will be using your card in China so that they do not block your card suspecting fraud.

How do I get around in China?

China’s domestic air market is growing rapidly, with more than 180 commercial airports. At least nine new airlines, a few of them focus on low-cost routes, have been approved for operation since the government lifted restrictions on privately invested airlines in 2013. Together with the more established domestic carriers such as Shanghai Airlines, Tianjin Airlines (part of China Eastern), Xiamen Airlines and Dragonair, these new startups provide a vast network of flight services to smaller domestic destinations that previously could be reached only by train or bus.

Flying in China is very much smog/weather dependent. Delays and cancellations are commonplace due to serious air pollution that affects pilots’ visibility during take-off and landing. Traveling by high-speed rail (HSR) is a much more reliable alternative.

The train network in China is one of the most extensive in the world, as it combines older, slower trains that stop at smaller towns with the D-class trains that run up to 124 mph, and also the ultra-modern, high-speed G-class trains (HSR, or gao tie in Chinese) that connect bigger cities at speeds up to nearly 200 mph. Advance bookings are recommended, especially for sleeper classes. Travel by HSR in China is fast, punctual, comfortable and clean.

If you have plenty of time and a limited travel budget, long-distance buses are a good option. They are cheaper than flights and high-speed trains, and tickets are easier to secure however they can take two to three times as long as the high speed trains. Bus service networks also cover many smaller towns and villages that cannot be reached by train.

If travelling to China be sure to check when the local holidays are as everyone in China tends to holidays at once. So 590 million people take to public transport during peak local holidays known as Golden Weeks, which fall over Chinese New Year and National Day in early October. This makes it almost impossible to casually get a train or hotel room, or to see the sights.

 

Travel money for China

Save money and time by Ordering your Chinese Yuan online from Travelex, you get better rates and can pick up the CNY cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Chinese Yuan otherwise you may get much worst exchange rates.

 
Travel Money Providers Amount CNY(¥)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
5,127.6 ¥
Best Overall
5.1276$03.5%
Royal Bank of Canada logo
5,014.8 ¥
¥113 less
5.014805.62%
TD Canada Trust logo
4,963.5 ¥
¥164 less
4.963506.59%
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
4,951 ¥
¥177 less
4.9840C$106.83%
Scotiabank logo
4,874.32 ¥
¥253 less
4.9738C$208.27%
 
Travelex Online CA logo
Travelex Online CA: Travel Money CAD→CNY
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:5.1276 (3.5% from mid-rate)
To Amount (CNY)5,127.6 ¥
Total Cost:3.5%
Time:
Rate Fetched: 6:08 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Travel Money CAD→CNY
From Amount (CAD)C$1,000
Fee:
Exchange Rate:5.0148 (5.62% from mid-rate)
To Amount (CNY)5,014.8 ¥
Total Cost:5.62%
Time:6:08 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Travel Money CAD→CNY
From Amount (CAD)C$1,000
Fee:
Exchange Rate:4.9635 (6.59% from mid-rate)
To Amount (CNY)4,963.5 ¥
Total Cost:6.59%
Time:6:08 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money CAD→CNY
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:4.6494 (12.5% from mid-rate)
To Amount (CNY)4,951 ¥
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 
Scotiabank logo
Scotiabank: Travel Money CAD→CNY
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:4.9738 (6.39% from mid-rate)
To Amount (CNY)4,874.32 ¥
Total Cost:8.27%
Time:6:08 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/22/2020 - View latest rates

China Trip Checklist    

 
  1. Compare CNY travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in China
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to China

When searching around for information on how to get a good exchange rate when sending money to China you need to start with finding out the latest Chinese Yuan foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

Buying property in Shanghai

Have Shanghai property prices peaked?

Shanghai property prices have risen roughly sevenfold over the past decade but being a global city with broad-based demand from occupants and investors, an outright crash is unlikely. Still, today's buyers have probably missed the golden age of price appreciation.

Can foreigners buy property in Shanghai?

Foreigners who have lived and worked legally in Shanghai for one year are allowed to buy for self-occupancy. They are not officially permitted to rent out their flats. Mortgages from local banks are available to foreign buyers, typically with a downpayment of 30 per cent.

What is the most popular property in Shanghai?

European-style alleyway (longtang) homes in the former French concession (French: Concession française de Changhaï; Chinese: 上海法租界; pinyin: Shànghǎi Fǎ Zūjiè; Shanghainese: Zaonhe Fah Tsuka) are charming but heating, plumbing and electricity infrastructure is often dilapidated.

A longtang (弄堂 lòngtáng, Shanghainese: longdang) is a lane in Shanghai and, by extension, a community centred on a lane or several interconnected lanes.

Shanghai "longtang" alleyway


Get a better deal for foreign transfers to China

When sending money to China it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Chinese Yuan amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted CNY amount will be transfered to the recipient account you specify in China.

Use our Send to Chinese Yuan calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Chinese Yuan deposited into the recipient bank account and less margins and fees kept by the banks!

  

CAD to CNY International Money Transfers

  

Foreign Transfer Providers Receive CNY(¥)Exchange RateFee CADTotal CostDeal Links
OFX logo
50,986 ¥
Best Overall
5.09860^4.05%
XE logo
52,472 ¥
¥1,486 more
5.247201.25%
TD Canada Trust logo
50,606 ¥
¥380 less
5.1117C$1004.76%
HSBC logo
49,916 ¥
¥1,070 less
4.9991C$156.06%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
49,708 ¥
¥1,278 less
5.0124156.45%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
49,542 ¥
¥1,444 less
5.0042C$1006.76%
Scotiabank logo
49,491 ¥
¥1,495 less
4.9991C$1006.86%
Royal Bank of Canada logo
48,985 ¥
¥2,001 less
4.948C$1007.81%
 
OFX logo
OFX: Foreign Transfer CAD→CNY
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:5.0986 (4.05% from mid-rate)
To Amount (CNY)50,986 ¥
Total Cost:4.05%
Time:
Rate Fetched: Sat Feb 22 2020 06:05:30 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer CAD→CNY
From Amount (CAD)C$10,000
Fee:
Exchange Rate:5.2472 (1.25% from mid-rate)
To Amount (CNY)52,472 ¥
Total Cost:1.25%
Difference:
¥1,486 CNY more than using OFX
Time:6:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→CNY
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:5.1117 (3.8% from mid-rate)
To Amount (CNY)50,606 ¥
Total Cost:4.76%
Difference:
¥380 CNY less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→CNY
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:4.9991 (5.92% from mid-rate)
To Amount (CNY)49,916 ¥
Total Cost:6.06%
Difference:
¥1,070 CNY less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→CNY
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:5.0479 (5% from mid-rate)
To Amount (CNY)49,708 ¥
Total Cost:6.45%
Difference:
¥1,278 CNY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→CNY
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:5.0042 (5.82% from mid-rate)
To Amount (CNY)49,542 ¥
Total Cost:6.76%
Difference:
¥1,444 CNY less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→CNY
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:4.9991 (5.92% from mid-rate)
To Amount (CNY)49,491 ¥
Total Cost:6.86%
Difference:
¥1,495 CNY less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→CNY
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:4.9480 (6.88% from mid-rate)
To Amount (CNY)48,985 ¥
Total Cost:7.81%
Difference:
¥2,001 CNY less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 02/22/2020 - View latest rates

Chinese Yuan to US Dollar - Historical Rates

PeriodCNY/USDDate
1 Day0.143116 Feb 2020
7 Day0.143210 Feb 2020
30 Day0.145818 Jan 2020
3 Month0.142319 Nov 2019
1 Year0.147617 Feb 2019
5 Year0.160418 Feb 2015
10 Year0.146419 Feb 2010

Chinese Yuan to Euro - Historical Rates

PeriodCNY/EURDate
1 Day0.132016 Feb 2020
7 Day0.131210 Feb 2020
30 Day0.131418 Jan 2020
3 Month0.128419 Nov 2019
1 Year0.130717 Feb 2019
5 Year0.140718 Feb 2015
10 Year0.107919 Feb 2010

Chinese Yuan to Pound Sterling - 10 Year History

PeriodCNY/GBPDate
1 Day0.109716 Feb 2020
7 Day0.110810 Feb 2020
30 Day0.112018 Jan 2020
3 Month0.110119 Nov 2019
1 Year0.114417 Feb 2019
5 Year0.103918 Feb 2015
10 Year0.094919 Feb 2010

Chinese Yuan to Australian Dollar - Historical Rates

PeriodCNY/AUDDate
1 Day0.212816 Feb 2020
7 Day0.214010 Feb 2020
30 Day0.212118 Jan 2020
3 Month0.208519 Nov 2019
1 Year0.206717 Feb 2019
5 Year0.205318 Feb 2015
10 Year0.163619 Feb 2010

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