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Australian Dollar to Chinese Yuan Renminbi Exchange Rate

Live Rate

= ¥ 4.3751

Refreshing in: 60s | Sun, Mar 29, 03:56PM GMT

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Historical Rate chart of AUD and CNY

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Updated: 29 Mar 2020 15:56:43 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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days AUD 2.99 4.327 CNY
43,257
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
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AUD 2,000 1 day AUD 0.00 4.358 CNY
43,576
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
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AUD 1 Within an hour AUD 3.99 4.323 CNY
43,209
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
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GBP 3,000 1 day AUD 0.00 4.358 CNY
43,576
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
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AUD 250 1 - 2 days AUD 0.00 4.358 CNY
43,576
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
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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.

See exchange rate updates in real-time

Refreshing in: 60s | Sun, 29 Mar 03:56pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.6220 Inverse: 0.6165 1.4024 Inverse: 0.7131 0.8954 Inverse: 1.1169 7.0964 Inverse: 0.1409 0.8029 Inverse: 1.2455 74.8760 Inverse: 0.0134 23.3910 Inverse: 0.0428 51.0140 Inverse: 0.0196
1 AUD = 0.6165 Inverse: 1.6220 1.0000 0.8646 Inverse: 1.1566 0.5520 Inverse: 1.8115 4.3751 Inverse: 0.2286 0.4950 Inverse: 2.0202 46.1628 Inverse: 0.0217 14.4211 Inverse: 0.0693 31.4513 Inverse: 0.0318
1 EUR = 1.1169 Inverse: 0.8954 1.8115 Inverse: 0.5520 1.5662 Inverse: 0.6385 1.0000 7.9256 Inverse: 0.1262 0.8967 Inverse: 1.1152 83.6253 Inverse: 0.0120 26.1242 Inverse: 0.0383 56.9750 Inverse: 0.0176
1 GBP = 1.2455 Inverse: 0.8029 2.0202 Inverse: 0.4950 1.7466 Inverse: 0.5725 1.1152 Inverse: 0.8967 8.8386 Inverse: 0.1131 1.0000 93.2581 Inverse: 0.0107 29.1335 Inverse: 0.0343 63.5380 Inverse: 0.0157

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

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

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1 AUD = 6.2723 Inverse: 0.1594 6.7637 Inverse: 0.1478 6.5336 Inverse: 0.1531 6.4847 Inverse: 0.1542 5.7378 Inverse: 0.1743 4.7941 Inverse: 0.2086 4.9112 Inverse: 0.2036 5.2651 Inverse: 0.1899 4.8234 Inverse: 0.2073 4.7730 Inverse: 0.2095

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

May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Mar 2020
1 AUD = 4.7852 Inverse: 0.2090 4.8219 Inverse: 0.2074 4.7551 Inverse: 0.2103 4.8122 Inverse: 0.2078 4.8160 Inverse: 0.2076 4.8663 Inverse: 0.2055 4.7540 Inverse: 0.2103 4.8848 Inverse: 0.2047 4.6434 Inverse: 0.2154 4.5844 Inverse: 0.2181

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

Mar 19 Mar 20 Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28
1 AUD = 4.0840 Inverse: 0.2449 4.1106 Inverse: 0.2433 4.1106 Inverse: 0.2433 4.0827 Inverse: 0.2449 4.1672 Inverse: 0.2400 4.2162 Inverse: 0.2372 4.2010 Inverse: 0.2380 4.2997 Inverse: 0.2326 4.3751 Inverse: 0.2286 4.3751 Inverse: 0.2286

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

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.

BankCash pickup transfer providerOnline transfer provider
Exchange rateAUD$1 = CNY4.878596AUD$1 = CNY5.0315AUD$1 = CNY5.0552
Transfer feeAUD$22AUD$18AUD$4
Processing time2-5 days10 minutes2 days
AUD needed to send 20,000 CNYAUD$4,121.54AUD$3,992.96AUD$3,960.32
Cost in AUD compared to bank (including fee)AUD$128.58 cheaperAUD$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 quotesThe 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 rateCheck 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 transfersSome online transfer companies don’t charge any fees when you send a large amount of money, for example $10,000 or more.
Use forward contractsForward 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 ordersLimit 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*
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SingX International Money Transfers

Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.

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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.

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SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

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WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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