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Overall top choice: Moneycorp
Of the 6 money transfer providers we tested and reviewed, Moneycorp was a standout option for its combination of speed and cost.
Over the last six months, Moneycorp appeared in 76% of searches for transfers between the Philippines and China.
When sending money from the Philippines to China, using Moneycorp in a great option.
How to get the best deal on your Philippines to China transfer
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from Philippines to China.
- Choose a provider
Select the provider that offers you the best value & service for transfers between the Philippines and China.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to China.
Summary of recent searches
Considerations ahead of sending money from Philippines to China
A comparison of providers offering services between the Philippines and China, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 6 providers that provide services for sending Philippine Peso to China. This ensures you will get the best options for your transfer to China from the Philippines.
Whilst we rate Moneycorp as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the Philippines to China.
Cheapest way to transfer money from Philippines to China: Moneycorp
Data collected over the past six months shows that Moneycorp is 0% cheaper than the second-best option.
This includes an average transfer fee of 0* PHP an exchange rate for buying Yuan Renminbi with Philippine Pesos that is 1.85% different to the mid-market rate.
If you want to secure the best rates on transfers from Philippines to China, Moneycorp will result in the most Yuan Renminbi received.
*The most common fee applied to PHP-CNY by Moneycorp, based on data from the past six months.
Fastest way to transfer money to China from the Philippines: Moneycorp.
Moneycorp was the quickest way to send Philippine Peso to Yuan Renminbi in 76% of searches. For fast transfers between PHP and CNY, Moneycorp comes highly recommended.
When using Moneycorp to send money from the Philippines to China you can expect an average fee of 0 PHP. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 6 money transfer providers. To test overall speed of sending money from the Philippines to China we included the timeframe for depositing Philippine Peso to a money transfer account and average transfer times to China.
When sending money to China from Philippines quickly is a priority, Moneycorp is our recommended choice.
Sending large amounts of money
Of the 6 companies compared, Moneycorp has the strongest option for large transfers from the Philippines to China.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from Philippine Peso to Yuan Renminbi.
The Moneycorp rate makes them great for large transfers between China and the Philippines.
Understanding the cost of sending money to China from Philippines
The cost of sending money from China to China, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from PHP-CNY is 0.1271 CNY per Philippine Peso.
Finding a provider offering an exchange as close to 0.1271 as possible will ensure more Yuan Renminbi received when transferring.
For context, the PHP-CNY mid-market rate for the past three months has averaged 0.1247 CNY per Philippine Peso. This includes a high of 0.1285, and low of 0.1233.
Moneycorp currently offers the best exchange rate on transfers from the Philippines to China.
For the most part the PHP-CNY exchange rate you receive is the biggest factor impacting the cost of sending PHP to China.
Fees: Outside of exchange rates, you may need to pay a fee to send. Moneycorp currently offers the lowest fees on transfers to China from the Philippines, averaging 0 PHP over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Yuan Renminbi is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Philippine Pesos to CNY, paired with a low fee, means a higher total amount received in China.
How to find the best exchange rate for Philippine Peso to Yuan Renminbi
Timing is essential for sending money between PHP and CNY. The exchange rate you secure impacts how much CNY you get for your PHP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from PHP to CNY has seen some fluctuation. On average, it stood at 0.1247.
During this period, the highest value recorded was 0.1285, while the lowest was 0.1233.
Moneycorp, which is our recommended service to send money online from Philippines to China offers an exchange rate that is only 1.85% above the mid-market rate.
Want to secure the best PHP-Yuan Renminbi exchange rates?
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Payment methods available to fund your Philippines to China transfer
Bank transfers
Bank transfers are often the better option for money transfers from the Philippines to China.
Sending money via a bank transfer with a company such as Moneycorp for transfers from the Philippines to China allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Moneycorp is the best provider for bank transfers of the 6 we tested when sending PHP to China.
With an average fee of PHP0 to send money from the Philippines to China, Moneycorp offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from the Philippines to China with a prepaid or a debit card is very simple with Wise.
Wise is a leader in card payments for transfers from the Philippines to China, competing among a total of 6 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from the Philippines to China, Instarem emerges as our top choice of the 6 companies offering this service.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between China and Philippines.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Philippines to China.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send PHP to CNY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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