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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to China can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to China bank accounts or pay a Chinese yuan invoice.
British pound (GBP) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Chinese yuan across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-CNY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to CNY exchange rate is 9.2392 from Wise. This is -1.1% compared to the mid-market rate 9.3462.
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.
The above Sterling to Yuan comparison table 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 and the possible savings of using various providers.
Looking at the full GBP to CNY - Send Money comparison table the provider with the best GBP to CNY exchange rate is Wise at 9.2392, -1.1% from the latest mid-market rate 9.3462.
The next best is Western Union at 9.206, -1.5% from the mid-rate.
Then OFX at 9.0461, which is -3.2% from the mid-rate.
Among the banks the Lloyds Bank rate is 8.9119 at -4.6% the Royal Bank of Scotland rate is 8.968 at -4% and the Barclays Bank rate is 8.9069 at -4.7% compared to the mid-rate 9.3462.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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