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AUD to CNY — compare your quote with the mid-market rate

Australian Dollar → Chinese Yuan

AUD → CNY reflects Australia's biggest trading relationship — tuition, trade settlement, and family transfers into China. The mid here is the offshore (CNH) rate retail providers actually price against; onshore CNY can differ. Bank markups on this pair are often wider than on the majors.

Live rates unavailable — showing reference data. The gap shown may differ from the live figure; try again shortly.
Cost at the mid-market rate
212.34AUD
For 1,000 CNY · 1 AUD = 4.71 CNY
Enter the rate you were quoted above to see the gap from the mid-market rate.
Spot mid source: fallback · Indicative only

About the AUD/CNY pair

This page shows today’s wholesale AUD/CNY mid-market rate beside the rate a bank, broker, or kiosk has quoted you. The result is the gap between the two, as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount. The mid-market rate is the rate banks trade at, not a rate you can transact at directly — providers add their margin on top, and that margin is the gap RateCheck shows.

Who sends money on this route

Australian dollars go to yuan for Australian importers paying Chinese manufacturers, for Chinese-Australian families supporting relatives in China, and for Australian firms paying staff and agents in Shanghai, Guangzhou and Shenzhen.

Education flows also run both ways: Chinese students are Australia's largest international student group, and their families move money to Australia while graduates and returnees send money back.

What moves AUD/CNY

The Reserve Bank of Australia sets a floating policy rate; the People's Bank of China manages the yuan through a daily central parity fixing and a permitted trading band around it. AUD/CNY is therefore a cross between a freely floating commodity currency and a managed one.

Australia's quarterly consumer price index, its labour force survey and RBA decisions matter on one side. The daily yuan fixing, Chinese purchasing managers' surveys and Chinese trade data matter on the other, and they matter twice, because Chinese demand for iron ore and coal drives the Australian dollar as well.

The pair moves mostly through the Australian dollar's swings against the US dollar.

How to read a quote

AUD/CNY is quoted as yuan per Australian dollar. A customer rate below the mid-market rate delivers fewer yuan for each dollar, and the gap is the provider's margin.

Two yuan benchmarks exist, onshore CNY and offshore CNH, and a provider may reference either. Bank margins on international transfers are commonly a few per cent; specialist providers are often under one per cent.

The RBA’s cash rate target, its next decision date and AUD/USD on recent decision days are on the RBA cash rate page.

Common questions

How far is my AUD/CNY quote from the mid-market rate?+
Compare the rate you've been quoted with the live mid-market AUD/CNY rate — the wholesale rate banks trade at. RateCheck shows the gap as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount.
How much do banks and brokers charge to convert Australian dollar to Chinese yuan?+
Retail bank margins on international transfers are commonly a few per cent; specialist providers are often under one per cent. The margin is built into the exchange rate, usually on top of any fixed transfer fee, and is rarely shown separately. RateCheck shows it as the gap between your quote and the mid-market AUD/CNY rate.
Is the mid-market AUD/CNY rate the rate I'll actually get?+
No. The mid-market (interbank) rate is the wholesale reference; providers add their margin on top. It's the rate the gap is measured from, not a rate you can transact at directly.
Why does Chinese economic news move the Australian dollar?+
China is Australia's largest trading partner and the main destination for iron ore, coal and gas. Signs of stronger or weaker Chinese demand feed into commodity prices and then into the Australian dollar, so Chinese data moves both sides of this pair.
Is the AUD/CNY rate the same onshore and offshore?+
Not quite. The yuan trades inside mainland China as CNY, under the daily fixing and band, and offshore as CNH, mainly in Hong Kong, where it floats more freely. Providers delivering yuan may price off either market, so quotes for the same transfer can differ slightly.
Is AUD/CNY traded directly?+
Direct trading between the Australian dollar and yuan exists, but most of the wholesale market still prices the cross through the US dollar. The mid-market AUD/CNY rate reflects AUD/USD combined with the managed USD/CNY rate.

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