Bank of China exchange rates

Find out what the Bank of China's exchange rates are before you send money overseas.

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Getting a better exchange rate means more money for you and your recipient – especially on a large transfer.

As such, it's important to compare exchange rates from several services before sending money overseas. In this guide, we'll go through how you can find the Bank of China's rates and how they compare.

What are the Bank of China's foreign exchange rates?

To find out what the exchange rate is to send AUD with the Bank of China, you'll need to either have an account or call and speak to one of its currency specialists. In Australia, the banks generally add around 5% to 10% to the mid-market exchange rate, so you can expect to see something similar here.

A lot of specialist money transfer services, by comparison, will only add a margin of 1% to 2%. Get some quotes below to see how the Bank of China compares to the other options and to the mid-market rate.

Sending money with the Bank of China: What to know

What we like

  • Quick RMB transfers. Pre-settled RMB transfers mean you can send money to mainland China almost instantly.
  • Schedule transfers. You can set up a transfer online to happen at a future date.

What to watch out for

  • Limited options. If you need to deal with a wider range of currencies or countries, the Bank of China might not be suitable.
  • Uncompetitive rates. Bank of China takes a margin on exchange rates, while some specialist money transfer services will offer better mid-market rates.

How do the Bank of China's exchange rates compare?

Because exchange rates make such an impact on how much money arrives, it's worth comparing your options before making a transfer.

The table below will show you what your transfer could look like with other services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 3.99 4.879 CNY
4,860
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 1 Same day AUD 0.00 4.879 CNY
4,879
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Same day AUD 3.99 4.889 CNY
4,870
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 7.50 4.884 CNY
4,847
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 5.00 4.898 CNY
4,874
New customers sending over AUD 500 from Australia use code FINDER50 to get AUD 50 off. Valid till 30th June 2021. T&Cs apply.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 10 Within an hour AUD 2.99 4.874 CNY
4,860
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details

Compare up to 4 providers


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.

More guides on Finder

International Money Transfer Offers

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

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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

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

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.

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