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NZD/CNY - Convert Compare Save

New Zealand Dollar to Chinese Yuan exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the New Zealand Dollar to Chinese Yuan exchange rate, has news, forecasts and NZD to CNY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

NZD/CNY Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for NZD/CNY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive CNY(¥)Exchange RateFee NZDTotal CostDeal Links
OFX logo
44,847 CNY
Best Overall
4.48470^3.8%
HSBC logo
43,905 CNY
942 CNY
4.3971$155.82%
ANZ Bank logo
43,533 CNY
1,314 CNY
4.3611186.62%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo TSB Bank logo
43,447 CNY
1,400 CNY
4.3701226.8%
TSB Bank International Money Transfers
TSB Bank logo
43,264 CNY
1,583 CNY
4.3701$1007.19%
BNZ Bank International Money Transfers
BNZ Bank logo
43,087 CNY
1,760 CNY
4.3522$1007.57%
 
OFX: Foreign Transfer NZD→CNY
NZD amount:$10,000 NZD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:4.4847 (3.8% from mid-rate)
CNY amount:44,847 CNY
Total Cost:3.8%
Time:
Rate Fetched: Fri Jul 19 2019 16:07:47 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer NZD→CNY
NZD amount:$10,000 NZD
Fee:$15 NZD (.15%)
Exchange Rate:4.3971 (5.68% from mid-rate)
CNY amount:43,905 CNY
Total Cost:5.82%
Difference:
942 CNY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
ANZ Bank: Foreign Transfer NZD→CNY
NZD amount:$10,000 NZD
Fee:18
Exchange Rate:4.3611 (6.45% from mid-rate)
CNY amount:43,533 CNY
Total Cost:6.62%
Difference:
1,314 CNY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→CNY
NZD amount:$10,000 NZD
Fee:22
Exchange Rate:4.4287 (5% from mid-rate)
CNY amount:43,447 CNY
Total Cost:6.8%
Difference:
1,400 CNY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TSB Bank logoTSB Bank

TSB Bank: Foreign Transfer NZD→CNY
NZD amount:$10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:4.3701 (6.26% from mid-rate)
CNY amount:43,264 CNY
Total Cost:7.19%
Difference:
1,583 CNY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNZ Bank logoBNZ Bank

BNZ Bank: Foreign Transfer NZD→CNY
NZD amount:$10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:4.3522 (6.64% from mid-rate)
CNY amount:43,087 CNY
Total Cost:7.57%
Difference:
1,760 CNY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/19/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount CNY(¥)Exchange RateFee NZDTotal CostDeal Links
Travelex Online NZ logo
4,481.9 CNY
Best Overall
4.48190^3.86%
TSB Bank Foreign Currency
TSB Bank logo
4,333.43 CNY
148 CNY
4.3772$107.04%
Banks - Average Rate
BNZ Bank logo TSB Bank logo
4,318 CNY
164 CNY
4.3727$107.37%
BNZ Bank Foreign Currency
BNZ Bank logo
4,302.68 CNY
179 CNY
4.3682$157.7%
Travelex Online NZ: Travel Money NZD→CNY
NZD amount:$1,000 NZD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:4.4819 (3.86% from mid-rate)
CNY amount:4,481.9 CNY
Total Cost:3.86%
Time:
Rate Fetched: Fri Jul 19 2019 16:45:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

TSB Bank logoTSB Bank

TSB Bank: Travel Money NZD→CNY
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:4.3772 (6.1% from mid-rate)
CNY amount:4,333.43 CNY
Total Cost:7.04%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money NZD→CNY
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:4.4312 (4.95% from mid-rate)
CNY amount:4,318 CNY
Total Cost:7.37%
Currency Services:Branch
Delivery/Collect:-
 

BNZ Bank logoBNZ Bank

BNZ Bank: Travel Money NZD→CNY
NZD amount:$1,000 NZD
Fee:$15 NZD (Minimum fee)
Exchange Rate:4.3682 (6.3% from mid-rate)
CNY amount:4,302.68 CNY
Total Cost:7.7%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 07/19/2019 - See full table

NZD to CNY interbank exchange rate = 4.6548

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on NZD/CNY exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

NZD and CNY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the NZD vs CNY, you should pay attention to the recent market trends for both currencies.

 

New Zealand Dollar (NZD)

The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.

At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.

Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.

Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.

Read more in the article NZD Forecasts.

 

Chinese Yuan (CNY)

Increasingly, the yuan is being used as a barometer for progress made on US-China trade talks. For that reason, it fell sharply in the weeks leading up to this report (May-17).

Trade tensions were ramped up in May after President Trump announced higher tariffs on Chinese goods, after China retaliated with tariffs of its own, and then after Trump placed Huawei on the "entity list," thereby making it impossible for the tech giant to do business with US firms.

Between May-6 and May-17, the yuan weakened in the offshore market by 3 percent (a considerable amount for a government-controlled currency) to a 5-month low of 6.95 per USD. Onshore yuan, which is more easily controlled by the PBOC, reached towards 6.92.

All eyes now are on the 7.0 exchange rate. Will the PBOC allow the yuan beyond that? An RBC strategist believes that’s unlikely in the short term because a weaker yuan would create more friction between China and the US. Trump often alleges that China purposefully weakens its currency to gain a trade advantage.

“A rapid conclusion to the US–China trade deal and … complete rollback of tariffs ... would be an effective catalyst to drive RMB higher,” Citibank said.

Why can't I just get the NZD/CNY market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the NZD / CNY was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all NZD Exchange Rates