Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
 
Quick Calc
Mid-Rates
-->

Compare Foreign Exchange Rates | Banks & Online Currency Brokers

         Intn'l Transfer Rates

CNY/USD Exchange Rate

CNY 1.00 = USD Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.

Daily Currency Market Commentary
Daily currency news provided by OzForex

The Greenback closed lower for the 2nd consecutive week as markets and investors re-evaluate expectations for U.S. Federal Reserve interest rate activity. Despite stronger than expected consumer sentiment and stable building permit numbers leading a consolidation Friday volatility has taken hold of currency markets. Touching 8 month highs investors are questioning global growth prospects with Europe, China and Japan all showing signs of slowing while the ever increasing threat posed by the rampant spread of the Ebola Virus dampens risk appetite. Traders looked toward safe haven assets on Friday and launched the Japanese Yen to its strongest level since September 8 rising 0.7% to close the week. Concerns about slowing global growth and its impact on the world’s largest economy have forced the market to re-think major positions with many investors squaring their dollar long positions. With little against the economic calendar today focus turns to the key retail sales and home sales data toward the end of the week for further Dollar direction.
Data releases
RBA Assistant Governor Kent Speaks
NZD Consumer Confidence and BNZ Business Performance Index.
No Data
GBP Rightmove HPI
View more currency reports

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook