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Bank of China exchange rates

Find out what the Bank of China's exchange rates are before you send money overseas.

Getting a better exchange rate means more money for you and your recipient – especially on a large transfer.

As such, it’s important to compare exchange rates from several services before sending money overseas. In this guide, we’ll go through how you can find the Bank of China’s rates and how they compare.

What are the Bank of China’s foreign exchange rates?

To find out what the exchange rate is to send CAD with the Bank of China, you’ll need to either have an account or call and speak to one of its currency specialists. In Canada, the banks typically add around 5% to 10% to the mid-market exchange rate, so you can expect to see something similar here. The rates listed below are current as of 6 August 2019.

A lot of specialist money transfer services, by comparison, will only add a margin of 1% to 2%. Get some quotes below to see how the Bank of China compares to the other options and to the mid-market rate.

CurrencyCurrency codeBOC buys (non-cash)BOC sells (non-cash)
United Arab Emirates dirhamAED
Brazilian realBRL
Canadian dollarCAD527.37531.26
Australian DollarAUD474.24
Swiss FrancCHF717.99723.03
Danish KroneDKK105.14105.98
British PoundGBP853.33859.62
Hong Kong DollarHKD89.4789.83
Indonesian rupiahIDR
Indian RupeeINR
Japanese YenJPY6.59696.6454
South Korean wonKRW0.57620.5808
Macanese patacaMOP86.9187.25
Malaysian RinggitMYR169.1170.62
Norwegian KroneNOK78.6779.31
New Zealand DollarNZD457.97461.19
Philippine PesoPHP13.4513.55
Russian rubleRUB10.7210.8
Saudi riyalSAR
Swedish KronaSEK73.1473.72
Singapore DollarSGD507.02510.58
Thai BahtTHB22.7822.96
Turkish liraTRY126.57127.59
Taiwan dollarTWD
United States DollarUSD701.18704.15
South African randZAR46.9147.23
CurrencyCurrency codeBOC buys (cash)BOC sells (cash)
United Arab Emirates dirhamAED184.56197.94
Brazilian realBRL170.29186.26
Australian DollarAUD459.5
Canadian dollarCAD510.72532.55
Swiss FrancCHF695.83725.41
Danish KroneDKK101.89106.28
British PoundGBP826.82861.7
Hong Kong DollarHKD88.7689.83
Indonesian rupiahIDR0.04750.0509
Indian RupeeINR9.295510.4821
Japanese YenJPY6.39196.649
South Korean wonKRW0.55590.6019
Macanese patacaMOP8490.05
Malaysian RinggitMYR
Norwegian KroneNOK76.2579.53
New Zealand DollarNZD443.84466.84
Philippine PesoPHP13.0314.19
Russian rubleRUB10.0611.21
Saudi riyalSAR182.07191.55
Swedish KronaSEK70.8873.93
Singapore DollarSGD491.37512.11
Thai BahtTHB22.0823.66
Turkish liraTRY120.37143.96
Taiwan dollarTWD21.5723.26
United States DollarUSD695.48704.15
South African randZAR43.3150.83

Sending money with the Bank of China: What to know

What we like

  • Quick RMB transfers. Pre-settled RMB transfers mean you can send money to mainland China almost instantly.
  • Schedule transfers. You can set up a transfer online to happen at a future date.

What to watch out for

  • Limited options. If you need to deal with a wider range of currencies or countries, the Bank of China might not be suitable.
  • Uncompetitive rates. Bank of China takes a margin on exchange rates, while some specialist money transfer services will offer better mid-market rates.

How do the Bank of China’s exchange rates compare?

Because exchange rates make such an impact on how much money arrives, it’s worth comparing your options before making a transfer.

The table below will show you what your transfer could look like with other services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 10 Within an hour CAD 1.99 5.035 CNY
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
CAD 0 Within an hour CAD 3.99 5.068 CNY
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
USD 10,000 1 - 2 days CAD 0.00 5.048 CNY
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries. Go to site Show details
CAD 1 1 - 2 days CAD 180.00 5.091 CNY
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
GBP 5,000 1 - 2 days CAD 0.00 5.069 CNY
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details

Compare up to 4 providers

The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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