Today's best Chinese yuans - Philippine peso exchange rates

How To Get the Best Wire Transfer Rate For CNY to PHP

The best way to take advantage of the current mid-market exchange rate from CNY to PHP is to use Monito's comparison engine, which searches for trusted international money transfer services that apply strong rates and low commission fees. Here's how:

1. check the CNY to PHP mid-market exchange rate,
2. use Monito to compare services with low fees and great rates,
3. sign up for the service with the highest rates and lowest fees,
4. confirm your transfer to to the Philippines.

Avoid Bad CNY to PHP Bank Rates With Bank Alternatives

High street banks can convert your CNY to PHP, but they often apply weak exchange rates, and they charge high fees. The best way to convert yuans to PHP is with international money transfer specialists because they almost always offer lower transfer fees and better exchange rates when sending money to to the Philippines.

Wise: The Best Way to Send Yuans Home

Wise is a well-known and world-class option for sending money home from China. It frequently ranks as the cheapest way to transfer money internationally on Monito and is the only major provider supporting CNY money transfers from China for foreign and non-mainland Chinese individuals who have worked or are currently working in China.

• Cost: ¥89.36 + 0.66% / transfer
• Coverage: Supports transfers from China to 57 currencies.
• Speed: 1 business day
• Transfer Limits: Up to ¥100,000
• More Info: See our full Wise review or visit the website.

Wise Limits From China

If you choose Wise to send money out of China, there are a few limits you'll need to keep in mind:

• you cannot be a mainland Chinese citizen (including people from Taiwan, Hong Kong, and Macau), but you must hold a valid tax record issued by the China tax authority,
• you can only send money to a bank account you own (though this can be your Wise account),
• you can only send up to ¥100,000 per transfer, with additional limits possible based on your post-tax income and bank in China.

Take a look at Wise's guidelines for sending money to and from Chinese yuans to learn more.