The Best Places to Buy Chinese Yuan (Renminbi) in Australia
At The Currency Shop, we keep things nice and simple. Because every company has different exchange rates and fees, finding the best deal can be a minefield. That’s where we step in. We bring together all your options, highlight the fees and rates per provider, and show you the best possible deals.
Get your Chinese Yuan Renminbi without getting ripped off
This is usually the cheapest way to buy currency, but you need some time. You can choose where to pick the order up from or get it home delivered.
- You can pay by Bpay or bank transfer.
- It takes up to 7 days depending on your location.
- Choose your cash denominations like small, medium, large or mixed
- Foreign Xchange usually has better exchange rates than Travelex for CNY.
Click and Collect
- Don't pay by card. There is card processing fee. You can avoid it by using Bpay instead.
- It takes 2-7 days depending on how you pay and where you pick it up from.
- Travelex have the most pick-up locations including Australia Post and every major airport.
This is the best way to get currency quickly. You will find them in major shopping centres and towns.
- Use a discount coupon to get $10 off from Travelex stores
- The exchange rates are better in your CBD. So it can be worth going there if you're exchanging more than $2,000
- Always ask for a better rate. We've found you can often get a better deal just by asking, particularly if you're buying more than $100
Most banks do exchange currency. The issue is that they often have high fees, and don't offer very good rates. It's always better to compare rates elsewhere before deciding, but as a standard rule it's best to avoid your bank. Especially for a popular currency like Chinese Yuan Renminbi.
Yes, you can buy currency at the airport. But that doesn't mean you should. While it's convenient, it's also very expensive.
- Ordering it online and picking it up at the airport is much cheaper than buying it in person
- If you've run out of time before your trip, it's definitely better to buy currency when you get overseas, or use your Aussie debit card instead
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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