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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.

 
 

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$AUD
¥CNY

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Foreign Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Receive CNY(¥)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
46,989 CNY
Value & Rating
4.698903.1%Bank Transfers - Online & Phone1-2 days
 
OFX (OzForex) logo
47,012 CNY
¥23 more
4.70120^3.05%Bank Transfers - Online & Phone1-2 days
 
Commonwealth Bank (CBA) logo
46,242 CNY
¥747 less
4.6276 4.64%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
46,111 CNY
¥878 less
4.6213224.91%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
National Australia Bank (nab) logo Commonwealth Bank (CBA) logo Bank of Queensland logo
45,611 CNY
¥1,378 less
4.5699155.94%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
44,479 CNY
¥2,510 less
4.4613308.28%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:4.6989 (3.1% from mid-rate)
CNY amount:46,989 CNY
Total Cost:3.1%
Time:12:06 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:4.7012 (3.05% from mid-rate)
CNY amount:47,012 CNY
Total Cost:3.05%
Difference:
¥23 more than using TorFX
Time:
Rate Fetched: Tue Jan 22 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:4.6270 (4.58% from mid-rate)
CNY amount:46,242 CNY
Total Cost:4.64%
Difference:
¥747 less than using TorFX
Time:
Rate Fetched: website - Tue Jan 22 2019 11:02:01 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:4.6213 (4.7% from mid-rate)
CNY amount:46,111 CNY
Total Cost:4.91%
Difference:
¥878 less than using TorFX
Time:
Rate Fetched: website - Tue Jan 22 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
National Australia Bank (nab) logo Commonwealth Bank (CBA) logo Bank of Queensland logo

Foreign Transfer AUD→CNY
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:4.6612 (3.88% from mid-rate)
CNY amount:45,611 CNY
Total Cost:5.94%
Difference:
¥1,378 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:4.4613 (8% from mid-rate)
CNY amount:44,479 CNY
Total Cost:8.28%
Difference:
¥2,510 less than using TorFX
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes

1 AUD = 4.854 CNY

This is the current AUD-CNY mid-market exchange rate. 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.

3 Month Chart
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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

17-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.

By the time of this report, AUD/USD was back at 72 cents and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.

Several months ago, most analysts agreed that the Aussie was heading higher in 2019, but things have changed. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020; there is, in fact, now a 25 percent chance of an RBA cut, per derivatives pricing. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.

One senior researcher at BNP Paribas said in January that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”

In opposition to that view, at least relative to the US dollar, was a CIBC analyst, who said that at current levels the Aussie was “very undervalued” and was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. The Aussie could be worth as much as 78 US cents in the second half of 2019, the analyst said.

Chinese Yuan (CNY) - Market news and forecasts

11-January-19: A number of important developments in 2018 worked to reduce demand for the yuan, which lost 5 percent of its value relative to the dollar and 1 percent versus the euro.

Chief among negative developments was Washington’s agenda of trade protectionism. Tariffs make Chinese goods more expensive to American buyers, which lessens their appeal and necessitates a weaker yuan.

A tumbling Chinese stock market didn’t help the yuan either, as investors had little incentive to buy into Chinese companies and therefore one less reason to exchange local currency into yuan. The Shanghai Composite index fell 24 percent in 2018.

2019: The yuan has gotten off to a flyer in 2019. Following constructive trade talks between Washington and Beijing, the yuan traded at a 5-month high of ¥6.75 per dollar on the day of this report. The yuan is, however, still expected to weaken beyond the ¥7 mark against the dollar within the next 6 months, per a January poll of FX professionals. To reach ¥7 would be to have the yuan at its weakest level since 2008.

Currency News and Forecasts - Australian Dollar

Australian Dollar to Get “Crucified,” Analyst Says
Pound Fights Back on Hopes for Soft Brexit; Thai Baht at Long-Term Highs
Sterling at 7-Week High Ahead of Important Brexit Vote
Euro Fails in Breakout Attempt, Has Mixed Outlook in 2019
Australian Dollar, Canadian Dollar to Outperform; Yuan at 5-Month High
Outlook for Singapore Dollar Is Bright; Swiss Franc Strong In Spite of ...