Convert CNY to AUD at Best Exchange Rates
Use this two-way calculator and chart to calculate amounts in either Chinese yuan or 1000 using the real-time CNY/AUD market mid-rate. Then choose your transaction type Foreign Transfer Travel Money to see the available exchange rates and reviews for our leading foreign exchange providers.
There are three important types of information that you need to know if you are to have any chance of getting the best possible CNY / AUD rate :
- Market CNY to AUD mid-rate - the starting point.
- Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
- Up-to-date Currency News, Research and Forecasts for Chinese yuan and Australian dollar.
1. Market CNY/AUD mid-rate
Right now the CNY/AUD market rate is and represents how many Australian dollar you can get for one Chinese yuan.
The CNY/AUD 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 CNY / AUD was traded (bought or sold) in the international markets.
You can calculate with the current mid-rate using our CNY to AUD calculator below but note the rate will most likely be quite different by the time you make you currency exchange.
2. Transaction Costs - Margins and Fees for CNY/AUD 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.
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 CNY/AUD market rate I see on Google or in the Media?
When you look up the current Chinese yuan to Australian dollar 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 CNY to AUD 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 the below CNY to AUD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Chinese yuan cross rates and reviews of leading foreign exchange providers versus the Banks.
3. Currency News, Research and Forecasts for Chinese yuan and Australian dollar
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 CNY vs AUD, you should pay attention to both Chinese yuan and Australian dollar news and forecasts.
Chinese yuan (CNY) - Market news and forecasts
In late March, a USD/CNY rate of 6.242 marked the yuan’s strongest level against the dollar since mid-2015. The yuan also rose to long-term highs against the Australian dollar and Canadian dollar. Against the euro, pound and yen, it traded near 12-month averages.
The yuan’s first-quarter appreciation against the US dollar was attributed to expectations for a stronger yuan amid a looming US-China trade war and also to large inflows of investment capital into China, driven in part by the inclusion of Chinese equities and yuan-denominated bonds in widely followed indices and by the introduction of the world’s first exchange-traded, yuan-denominated oil futures.
Expectations for a stronger yuan followed the introduction of tariffs by Washington on $60 billion worth of Chinese goods – tariffs aimed at reducing the US’ $375 billion trade deficit with China. Despite talking tough, it was believed by most that Beijing would seek to appease Washington in order to avert a full-blown trade war, which might be achieved by allowing the yuan to appreciate – a move that would make Chinese goods less attractive to US buyers, shrinking the deficit.
For year-end, most forecasts (taken in February) for the yuan ranged between 6.1 and 6.25 per US dollar. A notable exception came from ABN Amro, which cited expectations for a modest recovery in the greenback as its reason for predicting 6.5.
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.