Compare PHP/CNY Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks when making an International Money Transfer from PHP to CNY. The total costs are calculated against the latest mid-market rate.
Foreign Transfers
| Foreign Transfer Providers Ratings & Reviews | Receive CNY(¥) | Exchange Rate | Fee PHP | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
 OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More▾ | 1,280 CNY | 0.128 | 0 | 1.23% | Bank Transfers - Online & Phone | 1-2 days | |
 TorFX provide no fee transfers with good exchange rates and excellent customer service. More▾ | 1,280 CNY | 0.128 | 0 | 1.23% | Bank Transfers - Online & Phone | 1-2 days | |
Banks - Average Rate   Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 1,217 CNY | 0.1219 | 15 | 6.11% | Online, Branch, Bank Transfers | 2-3 days |
PHP to CNY mid-rate = 0.1295
Right now the PHP/CNY market mid-rate is 0.1295 and represents ideally how many Chinese Yuan you can get for one Philippine Peso.
This PHP/CNY Converter calculates equivalent Philippine Peso to Chinese Yuan amounts at the market mid-rate:
PHP / CNY mid-rate converter
0.1295 Chinese Yuan
Compare how much you can save on
PHP/CNY exchange rates for:
WorldRemit
Philippine Peso |
Chinese Yuan |
|---|---|
| 10 PHP | 1.2950 CNY |
| 100 PHP | 12.95 CNY |
| 1,000 PHP | 129.50 CNY |
| 2,000 PHP | 259.00 CNY |
| 10,000 PHP | 1,295.00 CNY |
| See more | |
Philippine Peso |
Chinese Yuan |
|---|---|
| 77.23 PHP | 10 CNY |
| 772.28 PHP | 100 CNY |
| 7,722.80 PHP | 1,000 CNY |
| 15,445.60 PHP | 2,000 CNY |
| 77,228.00 PHP | 10,000 CNY |
| See more | |
| 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 |
|---|---|---|
| 10 Feb 2019 | 0.1293 | 1 Week |
| 18 Jan 2019 | 0.1288 | 1 Month |
| 21 Aug 2018 | 0.1283 | 6 Months |
| 17 Feb 2018 | 0.1213 | 1 Year |
| 17 Feb 2017 | 0.1372 | 2 Years |
| 18 Feb 2014 | 0.1363 | 5 Years |
| 19 Feb 2009 | 0.1427 | 10 Years |
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 and forecasts for Philippine Peso and Chinese Yuan
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative 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
9-January-19: Since 2013, the Philippine peso has been among the world’s worst performing currencies. In the final quarter of 2018, the peso weakened to its lowest level against the US dollar since 2005, at rates in the ₱54.40s. By 2018 year-end, the peso had recovered into the mid-₱52s per USD and was down around 5 percent for the year.
Unfortunately for peso holders, the currency’s downtrend (USD/PHP’s uptrend) will likely resume in 2019, per remarks by DBS’ chief economist, who said “a very similar dynamic” of peso weakness would play out.
FX forecasters surveyed by Bloomberg in January expected the peso to be the joint second-worst performing Asian currency of 2019, with an expected loss versus the dollar of 2.5 percent. Given that the same forecasters expected a disappointing year for the dollar, it was implied that the peso would do far worse against other major currencies.
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.
