PHP to CNY mid-rate = 0.1303
Right now the PHP/CNY market mid-rate is 0.1303 and represents ideally how many Chinese Yuan you can get for one Philippine Peso.
You can calculate equivalent Philippine Peso to Chinese Yuan currency amounts (at mid-rate) below.
PHP / CNY Converter
0.1303 Chinese Yuan
Compare how much you can save on
PHP/CNY exchange rates for:
WorldRemit
| CNY Country Guides |
|---|
 China |
Philippine Peso to Chinese Yuan (PHP-CNY) - 10 Year History
The below table shows the historic variation in the PHP/CNY exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of PHP versus other currencies : PHP historical charts.
| Date | Exchange Rate | Period |
|---|---|---|
| 02 Dec 2018 | 0.1330 | 1 Week |
| 09 Nov 2018 | 0.1310 | 1 Month |
| 12 Jun 2018 | 0.1207 | 6 Months |
| 09 Dec 2017 | 0.1311 | 1 Year |
| 09 Dec 2016 | 0.1385 | 2 Years |
| 10 Dec 2013 | 0.1374 | 5 Years |
| 11 Dec 2008 | 0.1434 | 10 Years |
Best Rates for PHP/CNY Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from PHP to CNY.
Compare PHP to CNY Foreign Transfers vs the Banks
| Providers | Amount CNY(¥) | Exchange Rate | Fee PHP | Total Cost | Transfer Speed | Transfer Services | Reviews | Deal Links |
|---|---|---|---|---|---|---|---|---|
 | 1291.00 CNY | 0.1291 | 0 | 1.22% | 1-2 days | Online, Bank Account to Bank Account | ||
 | 1291.00 CNY | 0.1291 | 0 | 1.22% | 1-2 days | Online, Bank Account to Bank Account | ||
Average Rate: Banks - Average Rate   | 1227.34 CNY | 0.1229 | 15 | 6.09% | 2-3 days | Online, Branch, Bank Account to Bank Account | Average of Bank Rates |
Why can't I just get the PHP/CNY market rate I see on Google or in the Media?
The PHP/CNY 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 PHP / CNY was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market PHP/CNY midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good PHP to CNY exchange rate
- Know the latest PHP/CNY market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency News, Research and Forecasts for Philippine Peso 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 PHP vs CNY, you should pay attention to both Philippine Peso and Chinese Yuan news and forecasts.
Philippine Peso (PHP) - Market news and forecasts
Since 2013, the Philippine peso has been among the world’s worst performing currencies. The second quarter of 2018 saw the peso fall to its lowest levels since 2005 at rates per US dollar in the mid-₱54s. With October and early November’s recovery (see below) to 53 per dollar, the peso reduced its year-to-date loss to only 5.7 percent versus the greenback. Against the euro, the peso was little changed (₱60.22) on the year, and it was marginally higher against the Australian dollar (₱38.33).
The principal reasons for peso weakness remain the Philippines’ trade deficit, which in 2017 was the largest ever recorded at $29.8 billion, and inflation, which reached 6.7 percent in the year to September.
On November 8th (the day of this report), the peso achieved its highest level against the dollar in 5 months and its highest level against the euro in 10 months. Short-term peso strength has been the result of a “perception that inflation has peaked,” said a Union Bank of the Philippines economist.
For 2019, the peso’s downtrend will likely resume, per the remarks of DBS’ chief economist, who believes that “a very similar dynamic” of peso weakness will play out.
Chinese Yuan (CNY) - Market news and forecasts
4-December-18: A number of important economic developments in 2018 have worked to reduce demand for the yuan. Throughout October and November, China’s currency traded at or near to long-term lows at exchange rates near 6.95 to the dollar.
Chief among negative developments was Washington’s agenda of trade protectionism. Massive tariffs imposed on Chinese goods in 2018 make such goods more expensive to American buyers, which lessens their appeal and necessitates a weaker yuan.
Fortunately, at December’s G20 summit in Argentina, US and Chinese leaders agreed to a 3-month suspension on planned increases to tariffs. In the days that followed this trade truce, the yuan climbed to an 11-week high of 6.831.
A tumbling Chinese stock market hasn’t helped the yuan either. While US stocks were slightly higher year-to-date at the time of this report, the Shanghai Composite index was down 20 percent! Investors, therefore, no longer want to buy into Chinese companies and have one less reason to exchange local currency into yuan.
A Mizuho analyst told Bloomberg in early December that he did not see much room for yuan strength given uncertainties over future trade negotiations. Therefore, the yuan may still weaken to the symbolic 7.0 level.
