Compare Exchange Rates to Buy Chinese Yuan Renminbi (CNY)
Finding the best deal to buy Chinese Yuan Renminbi (CNY) can be difficult because every company has different exchange rates and fees. That’s where we help you. We bring together all your options, highlight the fees and rates per provider, and show you the best possible deals.
Where to buy Chinese Yuan Renminbi in Australia?
You can buy Chinese yuan renminbi (CNY) from lots of places in Australia that offers currency exchange. It is a popular currency to exchange to Australian dollars. Places you can make cash transactions and buy Chinese yuan renminbi include online, in-store at money exchangers, banks, Australia Post and the airport.
To find out exactly where you can buy Chinese yuan renminbi, you can use our handy city and suburb guides, just click on the links below:
What currency is used in China?
In China, currency is called Yuan, Jiao and Fen. 1 Yuan = 10 Jiao, 1 Jiao = 10 Fen. The currency is represented by the symbol RMB.
Notes: 1 Jiao, 2 Jiao, 5 Jiao, 1 Yuan, 2 Yuan, 5 Yuan, 10 Yuan, 20 Yuan, 50 Yuan and 100 Yuan
Coins: 1 Yuan, 5 Jiao, 1 Jiao, 5 Fen, 2 Fen and 1 Fen
Chinese banknotes have different colours. 1 Jiao is brown, 2 Jiao is green, 5 Jiao is purple, 1RMB is greenish brown, 2RMB is green, 5RMB is purple, 10RMB is blue, 20RMB is brown, 50RMB is green and 100RMB is red.
What notes should I take to China?
Cash and card are popular in China. When paying for meals, in shops and accommodation, debit card, credit cards, will be accepted as well as cash. Keep smaller notes to pay for tips and transport.
When is the best time to buy Chinese yuan renminbi?
Find the best time to buy Chinese yuan renminbi with Australian dollars with our rate tracker. It keeps track on the CNY to AUD or AUD to CNY exchange rate and emails you when the exchange rate gets to the rate your chose to buy Chinese yuan renminbi.
The cny to aud exchange rate average is close to 0.20, over the past 10 years. The high was 0.24 in early 2020 and the low was 0.14 in mid 2011. Currently its 0.20, so 100RMB could buy you $20 at the best exchange rate.
The aud to cny exchange rate average is close to 5, over the past 10 years. The high was 6.40 in mid 2011 and the low was in early 2020 at 4.07. Currently its 5, so $100 could buy you 500RMB at the best exchange rate.
How to buy Chinese yuan renminbi in Australia?
Buying Chinese yuan renminbi in Australia is relatively easy.
- Take your valid photo id (driver’s license or passport) with you.
- Bring your preferred payment method. Most places accept cash, debit card and credit card to pay for your Chinese yuan renminbi.
- Ask for the Chinese yuan renminbi amount and the money exchanger will let you know how much Australian dollars you need to pay.
- Make your payment in Aussie dollars and receive your Chinese yuan renminbi.
Why should I choose The Currency Shop?
Many people are not aware of the true cost of transferring money. But it is pretty standard to lose up to 8% of your money each time you transfer money internationally, depending on your method. We think this is far too much. That’s why we help you find the best way to transfer your money and avoid those costly hidden fees and charges. And it works. On average, we save our customers $4,000 each year.
How does it work?
It’s pretty simple. Whether you need travel money or would like to transfer money overseas we just need a little info to point you in the right direction. First, you tell us what you are looking for then we compare hundreds of providers to find the best deal for your current situation. We’ll highlight all the available options and recommend the best one for you. You can then decide which option you prefer, and click through to their site to secure the deal.
Is it safe?
Yes. The Currency Shop holds an Australian Financial Services Licence (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.
What does it cost?
The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.
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