CNY Exchange Rates

Are you looking for an easy and safe way to send money to China? To make your job simple and straightforward, we’ve listed some of the top banks and international money specialists in our exchange rate calculator below. Have a scan to see who’s offering the best deals, charging the lowest conversion fees and can process the transfer in the shortest time.

I want to transfer
to
Today’s foreign exchange rates
Search promoted international money transfers below. Advertiser disclosure.
  • Excellent exchange rates, no transfer fees
  • 24/7 transfers online or over the phone
  • Personal account management and expert insights

$7,343 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.7343 USD

  • 1-2 days

  • $200 minimum

  • Only available to Business & eCommerce customers
  • Same-day transfers to most countries
  • ASIC regulated & trading since 2004

$7,321 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.7321 USD

  • 0-2 days

  • $2,000 minimum

  • Safe, secure, and trusted
  • Enjoy great rates, fee-free transfers, and lightning-fast payments right around the clock.
  • It’s simple, quick, and a lot cheaper than your bank.

$7,347 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.7347 USD

  • 0-1 day

  • $250 minimum

  • Bonus $50 credit on your first transaction with InstaReM, use code MOZO50 (offer ends 15th August)
  • Zero fees on first transaction until 31st July
  • Transact online 24/7 with fast settlement and extremely competitive rates

$7,328 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.7328 USD

  • 1-2 days

  • $50 minimum

  • Fee Free transfers over $250 AUD ongoing
  • 24/7 Service (Phone & Online)
  • Great Rates with Fast and Secure transfers

$7,334 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.7334 USD

  • 1-2 days

  • $250 minimum
    $500 monthly minimum for regular transfers

  • XE is the world's trusted currency authority used by 280+ million people a year
  • XE dealers are licensed and authorised to provide financial advice
  • XE money transfer specialise in payments above AUD $20,000

$7,365 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.7365 USD

  • 1-3 days

  • $10,000 minimum

  • New customers get 5 free transfers
  • Fast, secure transfers, up to 8x cheaper than the banks
  • Join over 180,00 customers today

$7,329 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    $4
    ONLINE
    $4
  • $0.7332 USD

  • 1-2 days

  • none

  • 90% of transfers settled on the same day. Remainder completed on the following day.
  • Reviewed as “Excellent” on Trustpilot.
  • First Payment is FREE

$7,302 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    n/a
    ONLINE
    $0
  • $0.7302 USD

  • 0-1 days

  • No minimum

  • Get live exchange rate and low transparent fees
  • Enjoy First Two transfers up to $3,000 AUD Free
  • Fast, secure online transfers 24/7

$7,322 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    n/a
    ONLINE
    $0
  • $0.7322 USD

  • 1-2 days

  • none

  • Transact in over 50 currencies from across the globe
  • No transaction fees or commissions above $10,000 AUD
  • Transact 24x7

$7,365 USD

Go to site
  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.7365 USD

  • 1-2 days

  • none

  • Send money overseas securely
  • Transfer in a foreign currency for lower fees and lock in your conversion rate for peace of mind
  • Send money to over 99 countries in a wide range of currencies.

$7,155 USD

  • IN PERSON
    n/a
    BY PHONE
    $32
    ONLINE
    $12
  • $0.7164 USD

  • 1-2 days

  • $25,000 maximum

  • CBA customers - Send money easily and safely to over 200 countries
  • Send money in branch or via netbank

$6,971 USD

  • IN PERSON
    $30
    BY PHONE
    n/a
    ONLINE
    $6
  • $0.6975 USD

  • 1-3 days

  • up to $50,000 online

  • NAB customers - transfer money overseas with NAB internet banking
  • Transfer money to over 100 countries

$7,065 USD

  • IN PERSON
    $30
    BY PHONE
    n/a
    ONLINE
    $10
  • $0.7072 USD

  • 1-3 days

  • subject to daily withdrawal limit

  • Convert major foreign currencies to and from Australian dollars
  • Available to Westpac customers only

$7,072 USD

  • IN PERSON
    $32
    BY PHONE
    n/a
    ONLINE
    $10
  • $0.7079 USD

  • 1-2 days

  • subject to daily withdrawal limit

  • Fast Transfers
  • Bank beating exchange rates
  • No transaction fees

$7,347 USD

  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.7347 USD

  • 1 business day

^See information about the Mozo Experts Choice International money transfers Awards

*The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

FAQs about sending money to China

Want to dig a little deeper into the fees and features you should be looking out for when picking a foreign currency provider? Read on as we answer some of the frequently asked questions around transferring funds to China. 

Who offers international money transfers to China?

If you’re looking to transfer money to a recipient in China, you’ll generally have two options - a bank or a foreign exchange specialist. Here’s what you need to know about each of them:

Banks

The best part about transferring money overseas with a bank is you’ll be working with a name that you know and trust and have probably dealt with before. It is after all, comforting exchanging money with a brand you’re familiar with, especially if you just need to make a small one off transfer.

The only downside with banks is that they often charge a high conversion fee and offer less competitive exchange rates compared to international currency specialists.

Foreign Exchange Specialists

Foreign Exchange Specialists are agencies that focus solely on currency conversions and can help you send funds to China safely and quickly, generally within 1-2 days. Usually, the transfer is carried out online or over the phone, which means international money transfers are available at the tap of your smartphone.

As far as value for money is concerned, they are known to apply a lower margin to the foreign exchange rate and charge a lower transfer fee compared to the banks. For instance, Torfx offers fee free transfers, whereas you may have to pay $30 for transferring money in person with a big bank. 

What is the process of transferring money to China?

The answer to this question depends on how you’re going to convert your Aussie cash into CNY. Let’s take a look at two of your main options:

Option 1. You’ve decided you feel safer transferring money in person.

In this case, you’ll need to check the provider’s operating hours, visit the branch and then kick off your request for a currency transfer in person. You might have to wait in line but at the end of the day you’ll have someone personally take you through the process.

Option 2. You find online money transfers more convenient.

Smart move, this could save you both time and money! Here are the three broad steps for transferring money to China online:    

Step 1: Choose an international money transfer provider in the table above and click on the blue “go to site” button which will take you to their website, where you can register your request for transferring CNY to China.

Step 2: Set up an account with the provider, which usually requires you to provide documentation such as a passport and driver’s licence and your bank account details.

Step 3: Place your foreign exchange CNY order, which will generally require you to confirm the amount you want to transfer, pay the online transfer specialist and provide the recipient’s bank details.

Is it safe to transfer money to China online?

It’s totally understandable if you’re worried about the safety of your money, especially when dealing with a new currency specialist that you’ve never used before. That’s why you should only engage with a provider that is regulated through ASIC - you might be happy to know that at Mozo, we only list providers who’ll handle your money safely. So, transferring CNY to China using a bank or IMT specialist online is completely safe, as long as they are licensed and regulated. 

How can I find the best exchange rates for Chinese Yuans?

One of the most important deciding factors when it comes to picking a foreign currency provider is to look for one who’s offering the best CNY exchange rate. Mozo’s exchange rate calculator at the top of this page lists the best exchange rates of the day, making it easy for you to find the top deals.    

Remember that even a small difference in rates can have a huge impact on the overall value you get for your money. For example, at the time of writing, TorFx was offering CNY 7,423 for AUD $10,000, whereas a big bank was only offering CNY 7,032. 

How long does it take to transfer money to China?

The time it takes to transfer money to China can vary from one provider to another. But generally, it takes anywhere between 1-7 days. If you need to transfer money urgently, some providers offer to make the process shorter for an extra fee.   

Can I set up regular international money transfers to China?

Yes, you’re free to set up both one-off as well as regular money transfers to China. Just keep in mind that if you’re going to convert and transfer AUD to CNY regularly, it makes sense to find a provider that’s offering a good deal for multiple transfers. For instance, some providers may offer you better exchange rates or a certain number of fee free transfers when you form a long term relationship with them.

Overall, always remember to carefully check features and fees and read the fine print when transferring your Aussie coin to CNY to ensure you’re getting the best deal.