Understanding the Table:
The comparison table above helps you see the total cost of your Xoom 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’.
The Xoom GBP to CNY exchange rate is 9.4624. This is -4.1% compared to the latest GBP-CNY mid-market rate 9.8669.
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 Xoom - Sterling to Yuan comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Xoom 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 9.8225, -0.45% from the latest mid-market rate 9.8669.
The next best is Currencies Direct at 9.788, -0.8% from the mid-rate.
Then Western Union at 9.7189, which is -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is 9.2008 at -6.8% the Royal Bank of Scotland rate is 9.26 at -6.2% and the Barclays Bank rate is 9.5216 at -3.5% compared to the mid-rate 9.8669.
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 like Xoom or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
