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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of China to Philippines searches, and was the top rated company out of 4 that support CNY to PHP.
So for a great mix of cost, speed & features, make your China to Philippines transfer using Wise.
How to get the best deal on your China to Philippines transfer
Summary of recent searches
Important things to consider before sending money from China to Philippines
Don't settle for the first option. Always compare ways to send money from China to Philippines to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between China and Philippines.
Through this, you get a comprehensive view of all the options you have in China when you need to send money to Philippines.
Cheapest way to send money to Philippines from China: Panda Remit
Data collected over the past six months shows that Panda Remit is 0% cheaper than the second-best option.
The 元4 transfer cost represents the most common fee for CNY to PHP international transfers, based on data from the past six months.
If you want to secure the best rates on a CNY to Philippines transfer, make sure you pick Panda Remit to send your money online.
*The most common fee applied to CNY-PHP by Panda Remit, based on data from the past six months.
Fastest way to send money from China to Philippines: Wise
Our data shows that Wise came up as the fastest way to send money from China to Philippines in 53.3% of searches. This makes them well suited to urgent CNY to PHP money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from China to Philippines - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Philippines from China in 53.3% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send CNY from China to Philippines, it’s the provider that will keep you safe and relaxed while your money moves into PHP.
Understanding the costs involved when moving money from China to Philippines
When calculating the costs of money transfers between China and Philippines, here's what really matters:
The Mid-Market Rate: Today, the CNY-PHP mid-market rate equals to 7.965347 PHP per Yuan Renminbi.
The CNY-PHP average exchange rate for the past three months has been 7.8413 PHP per Yuan Renminbi, with a high of 7.9635 and a low of 7.6995.
When looking to send money, we'd recommend Wise. On average Wise is 0.27% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CNY to PHP.
How to find the best exchange rate for Yuan Renminbi to Philippine Peso
Timing is essential for sending money between CNY and PHP. The exchange rate you secure impacts how much PHP you get for your CNY.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CNY to PHP has seen some fluctuation. On average, it stood at 7.8413.
During this period, the highest value recorded was 7.9635, while the lowest was 7.6995.
Wise, which is our recommended service to send money online from China to Philippines offers an exchange rate that is only 0.27% above the mid-market rate.
Want to secure the best CNY-Philippine Peso exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from China to Philippines!
Payment methods available to fund your China to Philippines transfer
Bank transfers
Bank transfers are often the default option for sending money from China to Philippines.
By using a money transfer company such as Panda Remit for transfers from China to Philippines, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Panda Remit is the cheapest provider for bank transfers from the 4 we tested when sending CNY to Philippines.
With an average fee of CNY4 to send money from China to Philippines, Panda Remit offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from China to Philippines with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from China to Philippines, competing among a total of 4 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from China to Philippines, Instarem emerges as our top choice of the 4 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and China.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CNY to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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