What is the
WorldRemit Send Money conversion rate for NZD to CNY?
The WorldRemit NZD to CNY exchange rate is 4.2359. This is -2.8% compared to the latest NZD-CNY mid-market rate 4.3580.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
New Zealand dollar (NZD) to Chinese yuan (CNY) rates from different sources before making a conversion.
The above
WorldRemit - Kiwi to Yuan comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest NZD-CNY mid-rate and the possible savings of using various providers.
How do WorldRemit NZD-CNY rates compare between providers?
Looking at the full
NZD to CNY - Send Money comparison table the provider with the best NZD to CNY exchange rate is Wise at 4.3275, -0.7% from the latest mid-market rate 4.3580.
The next best is WorldRemit at 4.2359, -2.8% from the mid-rate.
Then OFX at 4.2112, which is -3.4% from the mid-rate.
Among the banks the ANZ Bank rate is 4.124 at -5.4% the BNZ Bank rate is 4.0761 at -6.5% and the TSB Bank rate is 4.05 at -7.1% compared to the mid-rate 4.3580.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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
like WorldRemit or platforms that offer rates closer to the mid-market rate.