Compare & Save on Australian dollar to Chinese yuan exchange rates. Latest Aussie dollar to yuan analysis and review of forecasts.
In this Aussie dollar to yuan (AUD/CNY) rate guide:
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Australian dollar (AUD) to Chinese yuan (CNY) rates from different sources before making a conversion.
This exchange rate calculator makes it easy to compare the Total Cost you are being charged on Aussie dollar to yuan currency rates and the possible savings of using various providers.
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Australian dollar (AUD) to Chinese yuan (CNY) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | AUD/CNY | Change | Period |
|---|---|---|---|
12 May 2023 | 4.6209 | 0.3% ▼ | 2 Week |
25 Feb 2023 | 4.6780 | 1.6% ▼ | 3 Month |
26 May 2022 | 4.7835 | 3.7% ▼ | 1 Year |
27 May 2018 | 4.8136 | 4.3% ▼ | 5 Year |
28 May 2013 | 5.9025 | 22% ▼ | 10 Year |
31 May 2003 | 5.3986 | 14.7% ▼ | 20 Year |
FX analysts have reported that the Australian Dollar (AUD) rebounded despite the risk-off mood this week, initially stumbling due to a souring market mood sapping demand for the risk-sensitive AUD. The latest PMI surveys are now in focus, with evidence of an ongoing contraction in manufacturing activity that could hurt the AUD. However, strength in the services sector may limit losses. As Australia is a major commodities exporter, any changes in commodity prices, trade policies, and political developments, can have a significant impact on the AUD's value. The Aussie dollar's proxy status in the markets for risk appetite enables it to fluctuate, depending on traders' confidence in growth prospects for the world economy. A positive for AUD is any increase in construction and demand for iron ore, which is Australia's major export commodity.
As for the Chinese Yuan (CNY), its slide past the key level of 7 per dollar suggests that the world's second-largest economy is facing challenges in its recovery from Covid-19. Typically, the Chinese government maintains some control over the Yuan's value, and a weakening Yuan can affect the price of imports, the competitiveness of Chinese exports, and potentially lead to capital outflows. A slide beyond a particular level does not provide a comprehensive picture of the overall state of the Chinese economy. In the past three months, AUD to CNY traded in a very stable 3.4% range from 4.5458 to 4.6990, with the price currently at 14-day lows near 4.6000, just below its three-month average. The Australian Financial Review’s survey of 36 economists predicts the Aussie dollar to be at 0.71 USD by the end of 2023, although the predictions range from 0.67 to 0.77 US cents. The concensus in the survey was that the RBA would make its first rate cut in early 2024.
Read our full analysis of AUD to CNY forecasts.
There are several ways to save on exchange rates when converting Australian dollar to Chinese yuan:
Generally speaking, if you are buying Chinese yuan with Australian dollar, then it's better for the AUD/CNY exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add AUD/CNY to your personalised BER Smart Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
Read our Currency guide to China - a practical currency and money guide to travel, living and doing business in China with the Chinese yuan.
 Australia (AUD) |  China (CNY) |
The expat life in China can vary greatly depending on a number of factors, including one's location, job, and personal circumstances.
Read more at our China (CNY) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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