What is the
best Send Money conversion rate for GBP to CNY?
The best GBP to CNY exchange rate is 9.6956 from Wise. This is -0.45% compared to the mid-market rate 9.7395.
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.
How do Ramsdens GBP-CNY rates compare between providers?
Looking at our comparison table the best GBP to CNY exchange rate is 9.6956 from Wise, -0.45% from the mid-market rate 9.7395. The next best rate is 9.6615 from Currencies Direct, -0.8% from the mid-rate. Then Western Union with 9.5934 is -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is 9.0542 at -7% the Royal Bank of Scotland rate is 9.1126 at -6.4% and the Barclays Bank rate is 9.3986 at -3.5% compared to the mid-rate 9.7395.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Ramsdens 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.
Compare Rates
The Ramsdens - Sterling to Yuan comparison table
above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Ramsdens and other foreign exchange providers against the latest GBP-CNY mid-rate and the possible savings of using various providers.