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Understanding the Table:
The comparison table above helps you see the total cost of your ING Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Australian dollar (AUD) to Chinese yuan (CNY) market data - latest interbank exchange rate, trend, chart & historic rates.
AUD/CNY Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average but lacks a clear driver.
AUD/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average, yet lacks a clear driver.
USD/CNY Outlook: Likely to decrease, as the rate is currently below its recent average and near recent lows, pressured by weak US economic data.
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in Chinese yuan across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
*Converted at the current AUD-CNY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The ING Bank AUD to CNY exchange rate is 4.385. This is -10.7% compared to the latest AUD-CNY mid-market rate 4.9124.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Chinese yuan (CNY) rates from different sources before making a conversion.
The above ING Bank - Aussie to Yuan comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ING Bank and other foreign exchange providers against the latest AUD-CNY mid-rate and the possible savings of using various providers.
Looking at the full AUD to CNY - Send Money comparison table the provider with the best AUD to CNY exchange rate is Wise at 4.845, -1.4% from the latest mid-market rate 4.9124.
The next best is Western Union at 4.8388, -1.5% from the mid-rate.
Then OFX at 4.7443, which is -3.4% from the mid-rate.
Among the banks the Commonwealth Bank rate is 4.3358 at -11.7% and the ING Bank rate is 4.385 at -10.7% compared to the mid-rate 4.9124.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ING Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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