Convert AUD to CNY at Best Exchange Rates
There are three simple steps you need to take in order to get a good AUD-CNY exchange rate:
- Know the latest AUD to CNY market mid-rate - this is your starting point!
- Compare your Bank and licensed FX provider transaction costs, including the exchange rate margins as well as the various types of fees. These margins and fee costs vary for Foreign Transfers and Travel Money transactions.
- Review up-to-date Currency News and Forecasts for both the Australian dollar and Chinese yuan currencies, if available.
1. Market AUD/CNY mid-rate
Right now the AUD/CNY market rate is and represents how many Chinese yuan you can get for one Australian dollar.
Calculate equivalent currency amounts with this AUD to CNY currency converter then select the transaction type to compare the best exchange rates available.
Currency Converter AUD to CNY
Australian dollar to Chinese yuan (AUD-CNY) - 10 Year History
|26 May 2018||4.8262||Latest|
|19 May 2018||4.7918||1 Week||+0.72%|
|26 Apr 2018||4.7866||1 Month||+0.83%|
|27 Nov 2017||5.0175||6 Months||-3.81%|
|26 May 2017||5.1045||1 Year||-5.45%|
|26 May 2016||4.7359||2 Years||+1.91%|
|27 May 2013||5.9133||5 Years||-18.38%|
|28 May 2008||6.6701||10 Years||-27.64%|
The AUD/CNY mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / CNY was traded (bought or sold) in the international markets.
The closer your final exchange rate is to the market / midrate the better deal you are getting.
2. Transaction Costs - Margins and Fees for AUD/CNY Foreign Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
AUD to CNY Foreign Transfer - Costs Compared
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from AUD to CNY.
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote
Compare Foreign Transfers
Sending AUD 10,000 to CNY
Rate timestamp : Sun May 27 2018 07:01:15 GMT+0000 (UTC)
Rate timestamp : Sun May 27 2018 07:02:01 GMT+0000 (UTC)
Travel Money AUD to CNY - Costs Compared
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Travel Money Exchange Rates Compared
Buying CNY Cash with AUD 2,000
* Orders paid for via BPAY incur no additional fees. Card (debit or credit) will incur a card surcharge; MasterCard (debit) 0.77%, MasterCard (credit) 0.94%, Visa (debit) 0.72% and Visa (credit) 1%. In addition, for Credit Card purchases, your card issuer may charge a separate cash advance fee. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Rate timestamp : Sun May 27 2018 07:00:04 GMT+0000 (UTC)
Rate timestamp : Sun May 27 2018 07:03:05 GMT+0000 (UTC)
Rate timestamp : Sun May 27 2018 07:02:01 GMT+0000 (UTC)
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.
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 our AUD to CNY currency converter to calculate equivalent amounts in each currency 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.
3. Currency News, Research and Forecasts for Australian dollar and Chinese yuan
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs CNY, you should pay attention to both Australian dollar and Chinese yuan news and forecasts.
Australian dollar (AUD) - Market news and forecasts
The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.
In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.
Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.
Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.
In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.
Chinese yuan (CNY) - Market news and forecasts
Between February and mid-May, the yuan spent most of its time trading between 6.25 and 6.35 to the US dollar. It was trading at 6.33 at the time of this report (May-14).
Within the same period, the yuan was nearly 6 percent stronger against the Australian dollar, at 4.79, and 3 percent stronger against the euro, at 7.59.
Supporting the yuan in 2018 has been the inclusion of Chinese equities and yuan-denominated bonds in widely followed indices, which promotes capital inflows into China, as well as the introduction of the world’s first exchange-traded, yuan-denominated oil futures.
It was expected by many analysts that the yuan would remain strong in the presence of trade tensions between Beijing and Washington, although those tensions eased in April after Chinese Premier Xi Jinping spoke at the Boao Forum of opening up China’s economy and of his hopes for reduced trade tariffs.
The median forecast of analysts polled by Reuters in May placed the yuan at 6.37 and 6.36 per US dollar over three and twelve-month time horizons.