Companies for transfers from China to Japan
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation advice & no max transfer limit."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation advice & no max transfer limit."
"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"Send money to over 40 destinations online and in the mobile app."
"Moneycorp is an established player in the market, with a focus on private clients and corporates. Make overseas payments in over 120 currencies and 190 countries."
Best way to send: Wise
We tested & reviewed 4 money transfer companies offering services between China and Japan, and Wise scored highly.
In total, Wise appeared in 100% of China to Japan searches, and was the top rated company out of 4 that support transfers into Yen.
So for a great mix of cost, speed & features, make your China to Japan transfer using Wise.
How to compare deals on your China to Japan transfer
Understanding China to Japan money transfers
Comparing providers when sending money from China to Japan is the easiest way to make a transfer at the best price.
We’ve compared 4 providers for sending Yuan Renminbi to Japan. This ensures you will get the best options for your transfer to Japan from China.
We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from China to Japan.
Cheapest way to send money from China to Japan: Panda Remit
Our data shows, over the past six months, that Panda Remit is 0.8% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 4* CNY and a CNY-JPY exchange rate for international transfers that is 0.3% different to the mid-market rate.
Securing the best rates on a CNY to Japan transfer can be done with Panda Remit but you can always search for your specific amount.
*The most common fee applied by Panda Remit when sending CNY-JPY, based on data from the past six months.
Fastest money transfers to Japan from China: TorFx.
Through our research, we found TorFx to be the quickest way to send CNY into Yen in 50% of instances. For fast transfers between CNY and JPY, TorFx is generally a good option.
Money transfers from China to Japan through TorFx have an average fee of 0 CNY.
To confirm that TorFx was the 'fastest' option we compared 4 money transfer providers for overall speed of sending money from China to Japan. This was made up of depositing Yuan Renminbi to a money transfer account and transfer times to Japan.
When sending quickly is a priority, TorFx is our recommended choice for sending into Japan from China.
Sending large sums of money?
Of the 4 companies tested, Wise is the best rated for larger transfer amounts.
Whether for a property purchase, or as a gift, sending large amounts of money to Japan from China can be expensive.
Wise is our choice for big transfers to CNY because of all round price, speed and management when making large transfers.
Understanding the cost of moving money from China to Japan
The total cost of sending money to Japan from China, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for CNY-JPY is 21.4833 JPY per Yuan Renminbi.
Finding a company offering an exchange rate closer to this will mean more Yen for your Yuan Renminbi.
The average CNY-JPY mid-market rate for the last three months has been 20.3222 JPY per Yuan Renminbi. This includes a high of 20.6077, and low of 20.0366.
Out of the 4 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting CNY to JPY should be the biggest determining cost factor when transferring Yuan Renminbi to Japan.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Panda Remit, with a fee average of 4 CNY per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Yen eventually received in Japan.
A lower cost of sending from China will result in more money received in Japan.
Getting best exchange rate for transfers between Yuan Renminbi and Yen
Timing is essential for transferring money between CNY and JPY. The exchange rate you secure impacts how much JPY you get for your CNY.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from CNY to JPY has moved slightly. On average, it was 20.3222.
During this same period,there was a high of 20.6077, and a low of 20.0366.
Wise, which is our recommended service to send money online from China to Japan offers an exchange rate that is only -0.03% above the mid-market rate.
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Paying for your China to Japan money transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Japan and China.
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 China to Japan.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CNY to JPY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.