The live mid-rate GBP to CNY exchange rate is 8.9784. Compare currency conversion rates - Reduce FX costs.
The best GBP to CNY exchange rate is 8.9156 from Wise. This is -0.7% compared to the mid-market rate 8.9784.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Chinese yuan (CNY) rates from different sources before making a conversion.
Looking at our comparison table the best GBP to CNY exchange rate is 8.9156 from Wise, -0.7% from the mid-market rate 8.9784. The next best rate is 8.9066 from Currencies Direct, -0.8% from the mid-rate. OFX with 8.6528 is -3.6% from the mid-rate.
The Western Union rate is 8.8437 which is -1.5% from the mid-rate.
Among the banks, the Lloyds Bank rate is 8.3116 at -7.4%, the Royal Bank of Scotland rate is 8.3655 at -6.8%, and the Barclays Bank rate is 8.6642 at -3.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Sterling to Yuan comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-CNY mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/CNY | Change | Period |
|---|---|---|---|
07 Jan 2025 | 9.1405 | 1.5% ▼ | 2 Week |
23 Oct 2024 | 9.2047 | 2.2% ▼ | 3 Month |
22 Jan 2024 | 9.1404 | 1.5% ▼ | 1 Year |
23 Jan 2020 | 9.1002 | 1.1% ▼ | 5 Year |
24 Jan 2015 | 9.3159 | 3.4% ▼ | 10 Year |
26 Jan 2005 | 15.56 | 42.2% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to CNY (British pound to Chinese yuan)*.
*Converted at the current GBPCNY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent performance of the GBP to CNY exchange rate reflects the ongoing economic narratives surrounding both currencies. The British pound (GBP) experienced a setback following disappointing GDP data, registering a modest growth of only 0.1%, which fell short of the anticipated 0.2%. Market observers are now turning attention to upcoming retail sales figures that might influence the GBP's trajectory. As FX analysts note, the pound's fluctuations are often subject to various economic indicators and developments, especially concerning post-Brexit dynamics, which have historically introduced volatility into the currency's performance.
Read our full review of recent GBP to CNY forecasts.
There are several ways to save on exchange rates when converting British pound to Chinese yuan:
Generally speaking, if you are buying Chinese yuan with British pound, then it's better for the GBP/CNY exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to China - a practical currency and money guide to travel, living and doing business in China with the Chinese yuan.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/CNY to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | China (CNY) |
The expat life in China can vary greatly depending on a number of factors, including one's location, job, and personal circumstances.
In major cities like Beijing, Shanghai, and Guangzhou, the expat community is well-established and there are many resources available for newcomers, such as expat-oriented social groups and clubs. Living in these cities can offer a good balance of modern conveniences and cultural experiences.
However, life in smaller cities or more rural areas can be more challenging, as the expat community may be smaller and there may be fewer resources available.
Working in China as an expat can be both rewarding and challenging. Some companies will provide good support to expats and may even offer language classes and relocation assistance, while others may not.
Read more at our China (CNY) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
^ Scroll back up to ^
^
