How to send money to Japan from China with the best CNY-JPY rate

The exchange rate determines the price you will pay when buying Yen.

A better exchange rate means more money being sent to Japan.

If you are paying for services in Yen from China, this can make a huge difference.

The current rate between the Yuan Renminbi and Yen is 23.8538, and it fluctuates all the time.

The cost of sending money from Japan to Japan, 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 CNY-JPY is 23.8538 JPY per Yuan Renminbi.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Wise currently offers the lowest fees on transfers to Japan from China. They charge 354.47 CNY per transfer. 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 Yen is the amount you started with, minus the amount you paid in the exchange and fees.

Here's a tip, if you're making a large transfer, you can also use a forward contract to lock in an agreed exchange rate between China and Japan.

Using a bank transfer to send via money transfer company is the payment method that will get you the best price when sending from China to Japan.

Here are all the ways to send money from China to Japan:

Bank transfers

Bank transfers are often the fastest and cheapest way to send money from China to Japan.

Using a money transfer company such as Wise for payments from China to Japan, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money with a debit card from China to Japan is easy with .


is a leader in debit card money transfers from China to Japan. They are the best option of the 2 transfer companies compared.

Credit cards

When it comes to credit card transfers from China to Japan, we recommend comparing your options to get the best deal.

Ensuring you fully understand regulations in China and Japan will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between China and Japan.

Some companies offering money transfers between China and Japan have minimum or maximum thresholds on how much you can send or receive.

Rates and fees for different transfer amounts could change - that’s why it’s best to compare CNY-JPY rates for your specific transfer amount.

For regular transfers to Japan, shopping around each time can make a huge difference.

For sending large amounts of CNY to Japan we'd recommend using Wise. They offer a combination of rates and fees when sending from China to Japan that is the most competitive, even at larger amounts.

There are different options for receiving Yen in Japan.

The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering transfers from China to Japan will offer every method for incoming Yen, so it’s best to check ahead of time.

Again, a comparison of CNY to JPY providers will tell you if the method for receiving is supported.

One of the most common ways to transfer money from China into Japan is by sending directly to a bank account. Wise is the best company for bank transfers between China and Japan.

And if you need cash right away, check if cash pickup is an option for transfers between China and Japan.

P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience but are better for domestic transfers. For receiving international payments they come with more limitations and higher costs compared to money transfer options like multi-currency accounts.

If using a money transfer company to send Yens to Japan, you will need to verify your ID at the sign up stage.

The documents you need will vary and in some cases you might need more than one.

ID can be verified in China through a government issued ID such as a passport or driver's license.

If the recipient needs an ID to collect money in Japan, it will be similar.

Large transactions between China and Japan, can be subject to additional checks. This includes proof of funds for anti-money laundering purposes.

One of the reasons Wise has scored so highly for transfers to Japan is their easy sign up process in China.

Sending regular, or larger amounts of money between China and Japan could mean there are tax declarations to consider.

Some transfers into Yen may need to be reported to tax authorities in Japan, particularly where inheritance or property purchases are involved.

Japan has many different tax obligations for residents and non-residents.

When in doubt, please contact a tax professional in China or Japan to discuss your personal circumstances. This ensures you are not missing any specific tax needs associated with your transfer.