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Best Exchange Rates

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Compare AUD to CNY foreign transfers

Use our comparison table to find the best exchange rates for Chinese Yuan foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$AUD
¥CNY

Compare Deals
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Foreign Transfer Providers
Ratings & Reviews
Receive CNY(¥)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
46,205 CNY
Best Overall
4.620503.16%Bank Transfers - Online & Phone1-2 days
 
OFX (OzForex) logo
46,252 CNY
47 CNY
4.62520^3.06%Bank Transfers - Online & Phone1-2 days
 
Commonwealth Bank (CBA) logo
45,467 CNY
738 CNY
4.54946 4.71%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
45,391 CNY
814 CNY
4.5491224.87%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
National Australia Bank (nab) logo Commonwealth Bank (CBA) logo Bank of Queensland logo
44,874 CNY
1,331 CNY
4.4961155.95%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
43,765 CNY
2,440 CNY
4.3897308.28%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:4.6205 (3.16% from mid-rate)
CNY amount:46,205 CNY
Total Cost:3.16%
Time:12:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
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:4.6252 (3.06% from mid-rate)
CNY amount:46,252 CNY
Total Cost:3.06%
Difference:
47 CNY more than using TorFX
Time:
Rate Fetched: Thu Mar 21 2019 12:00:58 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:4.5494 (4.65% from mid-rate)
CNY amount:45,467 CNY
Total Cost:4.71%
Difference:
738 CNY less than using TorFX
Time:
Rate Fetched: website - Thu Mar 21 2019 11:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:4.5491 (4.66% from mid-rate)
CNY amount:45,391 CNY
Total Cost:4.87%
Difference:
814 CNY less than using TorFX
Time:
Rate Fetched: website - Thu Mar 21 2019 11:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:4.5858 (3.89% from mid-rate)
CNY amount:44,874 CNY
Total Cost:5.95%
Difference:
1,331 CNY less than using TorFX
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:4.3897 (8% from mid-rate)
CNY amount:43,765 CNY
Total Cost:8.28%
Difference:
2,440 CNY less than using TorFX
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the AUD-CNY mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-CNY exchange rate.

Currency news 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 must always be quoted in comparison to a second 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

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Chinese Yuan (CNY) - Market news and forecasts

In early 2019, the yuan has appreciated away from long-term lows established in the fourth quarter of last year. By March-13, the yuan held year-to-date gains of 2.5 percent and 4 percent against the dollar (¥6.708) and euro (¥7.574) respectively, and these amounts increase to 4 and 7 percent if current rates are compared with fourth-quarter lows.

The main news piece for yuan investors remains the US-China trade spat, for which negotiations are still taking place. The massive tariffs that might be imposed (or remain) on Chinese goods makes them expensive to American buyers, which lessens their appeal and necessitates a weaker yuan, especially so if Beijing instructs the PBOC to intentionally weaken the currency to offset the impacts of tariffs (in March, the PBOC denied it would devalue the yuan to boost exports, or strengthen it to ease trade tensions).

For now, the yuan will continue trading between ¥6.65 to ¥6.90 to the dollar, a Natwest analyst said in March.

Nomura argued that the yuan was already overvalued against the dollar and would weaken "in the medium to long term," although it couldn’t offer any precise exchange rate targets.