Australian Dollar to Chinese Yuan Renminbi Exchange Rate

Live Rate

= ¥ 4.7587

Refreshing in: 60s | Fri, 24 May 12:10am GMT

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Historical Rate chart of AUD and CNY

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Updated: 23 May 2019 14:10:59 UTC

Australian Dollar

The Australian dollar is the fifth most traded currency in the world. When it was first created, suggestions for its name included the koala, the royal and the austral. Even so, it's commonly referred to as the "Aussie" in forex markets.
Currency: Australian Dollar
Currency Symbol: $
Sub unit: cents
Bank notes: $5, $10, $20, $50, $100
Coins: 5c, 10c, 20c, 50c, $1, $2

Chinese Yuan Renminbi

The yuan renminbi is the official currency of China. With the second highest economy in the world, China the top exporter and second-largest importer in the world. While the IMT approved the yuan as a major world currency in 2015, a recent steep drop in value has jeopardised it being used as a reserve currency.
Currency: Chinese Yuan Renminbi
Currency Symbol: ¥
Sub unit: yuán (元,圆), jiǎo (角), fēn (分)
Bank notes: ¥0.1, ¥0.5, ¥1, ¥0.2, ¥2, ¥5, ¥10, ¥20, ¥50, ¥100
Coins: ¥0.1, ¥0.5, ¥1

Here’s how you can find the best* AUD/CNY exchange rate when you need to send money to China.

When you send money to China or any other country, the exchange rate is a crucial factor that determines the cost of your transaction. The higher the AUD/CNY exchange rate that applies to your transaction, the better value for money you will get.

However, there are two factors you need to take into account when searching for the best exchange rate:

  1. When you send your transfer. Exchange rates fluctuate all the time, so you need to send your transfer when the AUD/CNY rate is at its highest.
  2. The transfer provider that handles the transaction. Transfer companies make a profit by adding a margin to the price of the foreign currency they sell to you. By comparing exchange rates between transfer providers, you can find the highest available rate.

Send money from Australia to China

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 4.74 CNY
47,397
Limited offer: $50 Myer gift card for first time users transferring over $5,000 in May 2019. T&Cs apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
Go to site Show details
AUD 1 Within an hour AUD 3.99 4.735 CNY
47,331
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 3,000 1 day AUD 0.00 4.739 CNY
47,390
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 1 1 - 2 days AUD 75.00 4.759 CNY
47,230
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 250 1 - 2 days AUD 0.00 4.74 CNY
47,397
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
Go to site Show details
AUD 200 1 - 2 days AUD 50.00 4.757 CNY
47,332
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction.
Go to site Show details

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The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

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See exchange rate updates in real-time

Refreshing in: 60s | Fri, 24 May 12:11am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4531 Inverse: 0.6882 1.3488 Inverse: 0.7414 0.8974 Inverse: 1.1144 6.9178 Inverse: 0.1446 0.7905 Inverse: 1.2650 69.8275 Inverse: 0.0143 19.0508 Inverse: 0.0525 52.5110 Inverse: 0.0190
1 AUD = 0.6882 Inverse: 1.4531 1.0000 0.9282 Inverse: 1.0773 0.6176 Inverse: 1.6193 4.7607 Inverse: 0.2101 0.5440 Inverse: 1.8382 48.0541 Inverse: 0.0208 13.1105 Inverse: 0.0763 36.1372 Inverse: 0.0277
1 EUR = 1.1144 Inverse: 0.8974 1.6193 Inverse: 0.6176 1.5031 Inverse: 0.6653 1.0000 7.7089 Inverse: 0.1297 0.8809 Inverse: 1.1352 77.8127 Inverse: 0.0129 21.2294 Inverse: 0.0471 58.5159 Inverse: 0.0171
1 GBP = 1.2650 Inverse: 0.7905 1.8382 Inverse: 0.5440 1.7063 Inverse: 0.5861 1.1352 Inverse: 0.8809 8.7510 Inverse: 0.1143 1.0000 88.3313 Inverse: 0.0113 24.0992 Inverse: 0.0415 66.4260 Inverse: 0.0151

Australian dollar to Chinese renminbi exchange rate history

The Australian dollar (AUD) is the world’s fifth most traded currency. Introduced in 1966, the AUD is a floating currency free of any foreign exchange controls.

The Chinese renminbi (CNY) is the official currency of the People’s Republic of China. China’s communist party began issuing a unified currency in 1948, with the CNY introduced in 1949. Pegged to the US dollar (USD) until 2005, the CNY now floats within predetermined margins around a fixed base rate, which is set with reference to a portfolio of major world currencies.

The AUD has historically traded at a significantly higher value than the CNY. In the 10 years to 30/05/2017, AUD$1 has traded at between CNY4.14 and CNY7.12. Australia and China have also enjoyed increasingly close economic ties in recent years, with the success of Australia’s commodities-based economy heavily reliant on Chinese demand for natural resources.

The table below shows the value of the AUD relative to the CNY across the past 10 years:

January 2007 January 2012 January 2017
AUD$1 = CNY6.159666 CNY6.424907 CNY5.002962

When can I find the best AUD/CNY exchange rate?

That depends on a number of factors. The following factors can influence the AUD/CNY exchange rate:

  • The performance of the Australian and Chinese economies
  • Interest rates in both countries
  • Political elections
  • The demand for the AUD and CNY on global currency markets
  • Events that have widespread global effects, such as the Global Financial Crisis or the September 11 terror attacks in the US

With so many factors at play, exchange rates are constantly fluctuating and can move a significant amount in the space of just one day. Check out a graph tracking the past performance of the AUD/CNY rate for an example of just how far exchange rates can move.

If you can time your transfer when the AUD/CNY is at its peak, the cost of sending money to China will be a lot less.

Case study: Exchange rate fluctuations

How does a fluctuating exchange rate affect the cost of an international money transfer? Let’s take a look at the example of Liz, who wants to transfer $10,000 to China as a gift for her daughter’s 21st birthday. However, rather than sending the money straight away, Liz decides to wait around for an attractive exchange rate to become available.

When she first looks to send the transfer in June 2016, AUD$1 is worth just CNY4.73. Realising that, in historical terms, the AUD/CNY exchange rate is actually at a low point, Liz decides to wait a few months to see if a better rate becomes available.

She is soon rewarded when, in August 2016, AUD$1 has risen to a value of CNY5.11. Although tempted to send the money, Liz decides to wait a little longer for a higher rate and is thrilled when AUD$1 rises to a value of CNY5.26 in November. As the table below shows, by waiting a few months to send money to China, Liz is able to transfer an extra 5,300 CNY to her daughter.

June 2016August 2016November 2016
Transfer amount (in AUD)AUD$10,000AUD$10,000AUD$10,000
Exchange rateAUD$1 = CNY4.73AUD$1 = CNY5.11AUD$1 = CNY5.26
Amount received (in CNY)47,30051,10052,600

Australian Dollar to the Chinese Yuan Renminbi for the last 10 years

May 2009 May 2010 May 2011 May 2012 May 2013 May 2014 May 2015 May 2016 May 2017 May 2018
1 AUD = 5.3546 Inverse: 0.1868 5.6620 Inverse: 0.1766 6.8351 Inverse: 0.1463 6.2268 Inverse: 0.1606 5.9654 Inverse: 0.1676 5.7402 Inverse: 0.1742 4.8378 Inverse: 0.2067 4.7286 Inverse: 0.2115 5.1075 Inverse: 0.1958 4.8384 Inverse: 0.2067

Australian Dollar to the Chinese Yuan Renminbi for the last 10 months

Jul 2018 Aug 2018 Sep 2018 Oct 2018 Nov 2018 Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019
1 AUD = 5.0432 Inverse: 0.1983 4.9821 Inverse: 0.2007 5.0034 Inverse: 0.1999 4.9133 Inverse: 0.2035 5.0306 Inverse: 0.1988 4.8608 Inverse: 0.2057 4.8550 Inverse: 0.2060 4.8440 Inverse: 0.2064 4.7605 Inverse: 0.2101 4.7983 Inverse: 0.2084

Australian Dollar to the Chinese Yuan Renminbi for the last 10 days

May 14 May 15 May 16 May 17 May 18 May 19 May 20 May 21 May 22 May 23
1 AUD = 4.7702 Inverse: 0.2096 4.7625 Inverse: 0.2100 4.7441 Inverse: 0.2108 4.7475 Inverse: 0.2106 4.7475 Inverse: 0.2106 4.7757 Inverse: 0.2094 4.7833 Inverse: 0.2091 4.7507 Inverse: 0.2105 4.7503 Inverse: 0.2105 4.7587 Inverse: 0.2101

How do I know when to transfer AUD to CNY?

Ideally, you want to transfer money to China when the AUD/CNY exchange rate is at its highest. That is, when the Australian dollar is trading at a strong value relative to the Chinese renminbi. This means that your Aussie dollars will be able to purchase a larger amount of Chinese currency, resulting in better value for money.

However, an extensive range of factors, including things like interest rates, inflation figures, supply and demand on global currency markets and even the result of political elections, can all have an effect on the exchange rate. This diversity of factors means it’s difficult to accurately predict which direction the exchange rate will take, but you can still take some simple steps to help make an informed opinion.

Whenever possible, stay up to date with key economic news and developments coming out of China and here at home in Australia. Check the mid-market AUD/CNY rate regularly to gauge trends, and look back at the past performance of the AUD/CNY rate to better understand when peaks and troughs occur.

If you look back at the past performance of the AUD/CNY exchange rate, shown in the graph below from xe.com, you can see what the best times were to send AUD to CNY in the year preceding 30/05/2017:

  • In March 2017 when AUD$1 = CNY5.34
  • In February 2017 when AUD$1 = CNY5.29
  • In November 2016 when AUD$1 = CNY5.26

Meanwhile, the worst time to send AUD to CNY in the same period was in early June 2016, when AUD$1 was equal to CNY4.73.

Australian dollar to Chinese renminbi

* Screenshot taken from xe.com on 30/05/2017

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How to choose the best transfer provider

Okay, so now you’ve decided on the best time to send Australian dollars to China. The next important step is to choose the best transfer provider to handle the transaction. The exchange rate each provider offers will vary depending on the margin they add to the CNY they sell you, and the difference between companies can be substantial.

There are three types of money transfer providers to consider:

  • Banks. The main advantage of using your bank is that it’s easy and convenient. The downside is that banks typically offer quite poor exchange rates.
  • Cash pickup transfer providers. Western Union and MoneyGram are the world’s best-known providers of cash pickup transfers, allowing you to send money to China within minutes. However, you need to be wary of high transfer fees when sending a transfer for cash pickup.
  • Online money transfer providers. These specialist companies, such as OFXand CurrencyFair, tend to have smaller margins than the banks, which usually means that they’re able to offer high exchange rates.

Case study: Bank vs money transfer provider vs cash pickup provider

Hayley needs to purchase CNY20,000 worth of stock from China for her arts and crafts supplies store. She initially plans to transfer the money to China using her regular bank, but when a friend tells her she’ll be able to find a much better exchange rate elsewhere Hayley decides to look around for a better deal.

She compares costs between her bank, a cash pickup transfer company and an online transfer company. As you can see in the table below, both the cash pickup company and the online provider are significantly cheaper than Hayley’s bank. However, by choosing the online transfer provider, Hayley’s transaction is more than AUD$160 cheaper than if she were to use her bank.

This is an excellent example of why it is so important to compare your transfer options before you transfer any money.

Bank Cash pickup transfer provider Online transfer provider
Exchange rate AUD$1 = CNY4.878596 AUD$1 = CNY5.0315 AUD$1 = CNY5.0552
Transfer fee AUD$22 AUD$18 AUD$4
Processing time 2-5 days 10 minutes 2 days
AUD needed to send 20,000 CNY AUD$4,121.54 AUD$3,992.96 AUD$3,960.32
Cost in AUD compared to bank (including fee) AUD$128.58 cheaper AUD$161.22 cheaper

What else can I do to find the best AUD/CNY exchange rate?

Keep the following tips in mind to maximise value for money from your AUD/CNY transfer.

What can I do? Why should I do it?
Get several quotes The only way to be sure of getting the best exchange rate is to shop around. Remember to factor in the transaction fee when calculating the total cost of the transaction.
Monitor the mid-market rate Check financial broadcasts and foreign exchange websites for the current mid-market rate. This will help you work out whether the rate a transfer provider quotes you represents a good deal.
Send larger transfers Some online transfer companies don’t charge any fees when you send a large amount of money, for example $10,000 or more.
Use forward contracts Forward contracts are special types of transfers whereby you can lock in an exchange rate for a transaction that won’t take place for months or even years. They can be very useful if you think the exchange rate may drop and you want to protect yourself against those falls.
Use limit orders Limit orders allow you to nominate the exchange rate you want, and then sit back and relax while the transfer provider monitors the market and waits for that rate to become available.

With a little forward planning and a knowledge of how foreign exchange works, you can find the best possible AUD/CNY exchange rate and save hundreds of dollars when sending money to China.

Market rate for common transfer amounts AUD to CNY

Australian Dollars (AUD) Chinese Yuan Renminbi (CNY)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

Exchange rates from AUD to other currencies

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Limited offer: $50 Myer gift card for first time users transferring over $5,000 in May 2019. T&Cs apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

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TransferWise International Money Transfers

Make online transfers at the mid-market rate with transparent fees in 45+ currencies.

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