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AUD/CNY - Convert Compare Save

Australian Dollar to Chinese Yuan exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Australian Dollar to Chinese Yuan exchange rate, has news, forecasts and AUD to CNY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

AUD/CNY Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/CNY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive CNY(¥)Exchange RateFee AUDTotal CostDeal Links
OFX (OzForex) logo
46,573 CNY
Best Overall
4.65730^3.87%
National Australia Bank (nab) logo
46,190 CNY
383 CNY
4.6292224.66%
Commonwealth Bank (CBA) logo
45,785 CNY
788 CNY
4.58126 5.5%
Banks - Average Rate
National Australia Bank (nab) logo Commonwealth Bank (CBA) logo Bank of Queensland logo
45,471 CNY
1,102 CNY
4.5559156.15%
Bank of Queensland logo
44,439 CNY
2,134 CNY
4.4573308.28%
OFX (OzForex): Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:4.6573 (3.87% from mid-rate)
CNY amount:46,573 CNY
Total Cost:3.87%
Time:
Rate Fetched: Fri Jul 19 2019 22:00:57 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:4.6292 (4.45% from mid-rate)
CNY amount:46,190 CNY
Total Cost:4.66%
Difference:
383 CNY less than using OFX (OzForex)
Time:
Rate Fetched: website - Fri Jul 19 2019 21:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:4.5812 (5.44% from mid-rate)
CNY amount:45,785 CNY
Total Cost:5.5%
Difference:
788 CNY less than using OFX (OzForex)
Time:
Rate Fetched: website - Fri Jul 19 2019 21:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:4.6177 (4.69% from mid-rate)
CNY amount:45,471 CNY
Total Cost:6.15%
Difference:
1,102 CNY less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of Queensland: Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:30
Exchange Rate:4.4573 (8% from mid-rate)
CNY amount:44,439 CNY
Total Cost:8.28%
Difference:
2,134 CNY less than using OFX (OzForex)
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Snapshot 07/19/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount CNY(¥)Exchange RateFee AUDTotal CostDeal Links
ANZ Bank logo
4,637.75 CNY
Compare
4.6846A$104.28%
Westpac logo
4,571.82 CNY
66 CNY
4.618A$105.64%
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo National Australia Bank (nab) logo
4,565 CNY
73 CNY
4.6109105.78%
National Australia Bank (nab) logo
4,540.64 CNY
97 CNY
4.5865106.28%
Travel Money Oz logo
4,524.8 CNY
113 CNY
4.5248$0 BPay, Credit Card 1%6.61%
Commonwealth Bank (CBA) logo
4,508.96 CNY
129 CNY
4.5545A$106.93%
Travelex Online AU logo
4,482.7 CNY
155 CNY
4.4827$0 BPay, Card 0.72%-1%7.48%
ANZ Bank: Travel Money AUD→CNY
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:4.6846 (3.31% from mid-rate)
CNY amount:4,637.75 CNY
Total Cost:4.28%
Time:
Rate Fetched: website - Fri Jul 19 2019 21:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
Westpac: Travel Money AUD→CNY
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:4.618 (4.68% from mid-rate)
CNY amount:4,571.82 CNY
Total Cost:5.64%
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→CNY
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:4.6052 (4.95% from mid-rate)
CNY amount:4,565 CNY
Total Cost:5.78%
Currency Services:Branch
Delivery/Collect:-
National Australia Bank (nab): Travel Money AUD→CNY
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:4.5865 (5.33% from mid-rate)
CNY amount:4,540.64 CNY
Total Cost:6.28%
Time:
Rate Fetched: website - 0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
Travel Money Oz: Travel Money AUD→CNY
AUD amount:$1,000 AUD
Fee:$0 BPay, Credit Card 1%
Exchange Rate:4.5248 (6.61% from mid-rate)
CNY amount:4,524.8 CNY
Total Cost:6.61%
Time:
Rate Fetched: Fri Jul 19 2019 22:00:07 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
Commonwealth Bank (CBA): Travel Money AUD→CNY
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:4.5545 (5.99% from mid-rate)
CNY amount:4,508.96 CNY
Total Cost:6.93%
Time:
Rate Fetched: website - Fri Jul 19 2019 21:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
Travelex Online AU: Travel Money AUD→CNY
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:4.4827 (7.48% from mid-rate)
CNY amount:4,482.7 CNY
Total Cost:7.48%
Time:
Rate Fetched: Fri Jul 19 2019 22:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 07/19/2019 - See full table

AUD to CNY interbank exchange rate = 4.8449

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on AUD/CNY exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

AUDCNY blended flags

AUD and CNY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AUD vs CNY, you should pay attention to the recent market trends for both currencies.

 

Australian Dollar (AUD)

In late June and early July, the Australian dollar recovered from multi-month lows against a number of important currencies; however, these recoveries were minor relative to losses over the past 18 months. Against the US dollar, at a rate of 70¢ (July-2), the Aussie was 14 percent lower than its best rate from 2018.

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

Chinese Yuan (CNY)

Increasingly, the yuan is being used as a barometer for progress made on US-China trade talks. For that reason, it fell sharply in the weeks leading up to this report (May-17).

Trade tensions were ramped up in May after 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.

Between May-6 and May-17, the yuan weakened in the offshore market by 3 percent (a considerable amount for a government-controlled currency) to a 5-month low of 6.95 per USD. Onshore yuan, which is more easily controlled by the PBOC, reached towards 6.92.

All eyes now are on the 7.0 exchange rate. Will the PBOC allow the yuan beyond that? An RBC strategist believes that’s unlikely in the short term because a weaker yuan would create more friction between China and the US. Trump often alleges that China purposefully weakens its currency to gain a trade advantage.

“A rapid conclusion to the US–China trade deal and … complete rollback of tariffs ... would be an effective catalyst to drive RMB higher,” Citibank said.

Why can't I just get the AUD/CNY market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / CNY was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

AUDCNY blended flags

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AUD Exchange Rates