Convert Chinese Yuan to Australian Dollar CNY AUD Exchange
As you can imagine, they’re super convenient when you’re heading to multiple destinations. Whats even better is that they will allow you to lock in the exchange rate on the day you buy! If you were to load on Chinese Yuan, the CNY exchange 海外 换汇 rates on the day you loaded would be applied to all future reloads – no matter whether the ‘real’ rate rises or falls. At The Currency Shop we help you compare providers to find the best exchange rates and lowest fees right now.
In Japan, the central bank has had to intervene in currency markets for the first time in 25 years after the yen dropped 20 per cent of its value against the US dollar this year. Fast food giant McDonald’s cited the country’s economic woes, including rising input costs and the fluctuating yen, when it raised prices at its Japanese restaurants for the second time this year. Chief executive of FP Markets Nick Twidale said it was only a matter of time before the pound reached parity with the US dollar. While Britons get used to their pounds only being worth slightly more than $US1, Australians are enjoying the best exchange rate on the currency since Brexit in 2016.
How you trade the AUD/CNY pair is a personal decision depending on your risk tolerance, investing strategy and portfolio composition. You should do your own research to take an informed view of the market. Keep in mind that past performance is no guarantee of future returns. The AUD/CNY pair has been volatile in recent months as both currencies have come under pressure from strength in the US dollar, which is trading at 20-year highs. The Australian dollar bought 4.57 CNY at the start of 2022. The pair climbed to 4.82 in early April, as the Australian dollar climbed on rallying commodity prices following the Russian invasion of Ukraine.
This investment has typically been funded from money flowing into Australia from overseas, which supports demand for Australian dollars and can lead to an appreciation. Our currency converter will show you the current rate and how it’s changed over the past day, week or month. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. To see the latest exchange rate and compare historic rates year on year, head over to our exchange rates page.
Both increased demand and reduced supply of Australian dollars support an appreciation in the Australian dollar exchange rate. Simply use our currency converter calculator to see how much Chinese Yuan you can afford to buy with your holiday budget. You can use this rate to compare other sites or currency exchangers when it comes to converting AUD to Chinese Yuan. To get you up to date, travel cards or money cards are quite similar to debit cards, with a key difference of letting you hold multiple currencies.
The yuan goes by different names in some parts of China – in Tibet it’s called a gor, and in Mongolia it’s sometimes known as a tugreg or yuani. But the most common name for yuan is kuai, which means piece, or kuai qian, which means pieces of money. In China, it’s just like saying buck in Australia or quid in the UK. In a country known as the People’s Republic, renminbi means the people’s currency – it was introduced when the Communist People’s Republic of China was formed in 1949. You can use yuan in mainland China, but not officially in Hong Kong or Macau – although they might be accepted in some places. Enter how much you'd like to top up, either in Australian Dollars, or in the foreign currency amount for the currency you have selected.
This Australian Dollar and Chinese Yuan convertor is up to date with exchange rates from April 16, 2023. However, you should keep in mind that high volatility increases risks of losses. Foreign exchange intervention by the RBA can help reduce volatility and improve market function by balancing the one-sidedness of the market.
The US dollar has soared to its highest value against the major currencies in 20 years. To view rates between the Chinese Yuan Renminbi and the Australian Dollar for a particular year, click on one of the links below. Use this currency calulator for live currency conversions as you type.
The exchange rates and fees at Australian airports are among the worst in the world so avoid it at all costs if you want to get the best bang for your buck. Get access to 20+ years of Australian dollar to Chinese yuan exchange rates, broken down by daily, monthly & yearly periods. These are the average exchange rates of these two currencies for the last 30 and 90 days.