Where You'll Get the Best AUD to CNY Exchange Rates

If you exchange AUD to CNY today, then we’ll send out your order straight away. Regardless of where you’re going, always take the time to ensure you’re bringing the right currency. If you’re heading to multiple locations then you’ll most likely need to bring multiple currencies along. Carrying multiple currencies can become an extra worry quite quickly, so check out travel cards. Currencies are traded on the foreign exchange market and can affect stock markets by impacting the broader economy, which affects the performance of businesses.
Get our best AUD to CNY exchange rate when you buy your Chinese yuan renminbi online, then collect in store. This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation 澳币转人民币 for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk.

As Australia’s largest trading partner, that’s bad news for a whole range of Aussie businesses from food producers to iron ore miners. Despite being the world’s second largest economy, China’s share of the global currency market is still relatively small – though it is growing in significance. The euro is part of a dysfunctional monetary union and its share in the international monetary system has declined over the last 15 years.
The digital currency is showing itself to do this through the development of unique and easy payment methods. This includes methods such as barcode payments, tap-and-go transactions through a digital wallet, the ability to pay offline and facial recognition. Importantly, the digital yuan is not the same thing as other forms of digital currency payable in China. Rather, e-CNY is an actual legal tender and is not tied to one particular platform like WeChat.
In April 2020, just after the COVID-19 pandemic spread across the world, the ‘digital yuan’ began several pilot programs in four Chinese cities. Today, the currency is miles ahead in the space of  central bank digital currencies compared to its international peers – with transactions hittingaround 87.57 billion yuan(AUD 18.49 billion) at the end of 2021. Check our latest exchange rates and order your travel money online. Foreign exchange rates are influenced by the political, economic, and financial fortunes of the markets they operate in.

If you are travelling to the US, “changing Australian dollars for US dollars sooner, as opposed to closer to departure, could be beneficial,” Griffiths says. She says a clouded outlook for the economy in China – Australia’s principal trading partner – could continue to weigh on the value of the Australian dollar. The Reserve Bank of Australia’s aggressive stance on raising interest rates to fight inflation would also be supportive of our dollar, analysts believe. In the European Economic Area, UAB “NIUM EU” is authorised as an electronic money institution (Licence No. 14 issued on 29 September 2017 by the Bank of Lithuania).
The performance of any Betashares Fund is not guaranteed by Betashares or any other person. This information is general in nature and doesn’t take into account any person’s financial objectives, situation or needs. You should consider its appropriateness taking into account such factors and seek professional financial advice. Betashares currency ETF deposit accounts are primarily held with JP Morgan Chase Bank. However, inflation is soaring in Europe and the European Central Bank is expected to increase interest rates in coming months, which could help to lift the value of the euro, Griffiths says. “According to the OECD, UK economic growth is expected to stall in 2023, which would mean that the Bank of England could struggle to raise interest rates without tipping the country into recession,” Griffiths says.

The crimping of business activity has played out in several commodity markets, but this recent bout of optimism for a re-opening has lifted the price of many of Australia’s exports this week. The Singapore dollar and the Korean won are among currencies in the pipeline to be added to the exchange, Reuters says. "The announcement by China to allow direct trading of the Australian dollar on the interbank market is welcomed and is another significant step in the Australia-China bilateral relationship," Mr Swan said in a brief statement. The Australian dollar is more significant to the global currency market than many would imagine, but the US dollar remains the currency that all others are measured against. That’s a lot of money darting from one corner of the globe to another, which has significant economic implications. Llet’s take a brief look at the major currencies and how Australia fits into the global picture.
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. Always get the real mid-market exchange rate and low transparent fees. By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.