Chinese Yuan to Philippine Peso (CNY/PHP) Exchange Rate Today
Sending moneyToday's rate, how it compares to the last 30 days, and what you'll actually pay to convert.
Mid-market rate - no bank markup 200+ currencies Free
CNY to PHP Conversion Table
Common amounts converted from Chinese Yuan to Philippine Peso at today's rate.
| Chinese Yuan (CNY) | Philippine Peso (PHP) |
|---|---|
| 1 CNY | — |
| 5 CNY | — |
| 10 CNY | — |
| 25 CNY | — |
| 50 CNY | — |
| 100 CNY | — |
| 250 CNY | — |
| 500 CNY | — |
| 1,000 CNY | — |
| 5,000 CNY | — |
| 10,000 CNY | — |
| 50,000 CNY | — |
How much Philippine Peso will you actually receive?
Estimated cost to convert CNY 1,000 to PHP with different transfer services. Fees are sourced from published pricing pages and may vary by amount, payment method, and destination.
| Service | Rate | Fee | Total Cost | PHP received |
|---|---|---|---|---|
| Mid-market rate | — | - | - | — |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| Typical bank Mar 2026 | — | — | — | — |
| Bureau de change Mar 2026 | — | — | — | — |
Some links are affiliate links and may earn us a commission at no extra cost to you. This does not affect our ranking - we sort by lowest total cost to you. Fees are estimates based on published pricing and may differ from your actual quote.
Sending money? Compare CNY to PHP providers
The CNY/PHP corridor handles significant transfer volume. If you send money regularly between Chinese Yuan and Philippine Peso, even a small rate difference compounds over time. Use the provider table above to compare what you would actually receive after fees and markup.
CNY/PHP rate statistics
Is today's CNY/PHP rate good or bad?
We compare today's live Chinese Yuan to Philippine Peso mid-market rate against its 30-day and 52-week trading range. When the rate is near the top of its recent range, CNY holders get more Philippine Peso per unit - a better time to convert. When it is near the bottom, you may want to watch and wait.
The Philippine peso is heavily influenced by overseas remittance flows and BSP monetary policy. Remittance services compete aggressively on this corridor, so comparing providers can yield meaningful savings.
The live analysis below updates throughout market hours and shows exactly where today's rate sits in context.
What is the CNY/PHP exchange rate?
The CNY/PHP rate tracks how many Philippine Peso one Chinese Yuan buys. The Chinese yuan is managed within a daily trading band set by the People's Bank of China. Pairs involving CNY tend to be less volatile than free-floating equivalents.
CNY is issued by the People's Bank of China (PBOC) (ranked 5th globally - meaning it's the 5th most bought and sold currency in the world). PHP is issued by the Bangko Sentral ng Pilipinas (BSP) (ranked 28th). Full CNY profile | Full PHP profile
Chinese Yuan to Philippine Peso is popular with travellers to the Philippines and the large Filipino diaspora sending remittances home.
Is today's CNY/PHP rate good or bad?
The Chinese Yuan to Philippine Peso mid-market rate shown above is the reference price before any provider adds fees or markup. It is not a guaranteed quote - your bank, card issuer, or transfer service will offer a different rate that includes their margin.
On a typical conversion, banks add 2-4% to this rate. The gap between the mid-market rate and what you actually receive is the real cost of converting - often larger than any flat fee. The CNY/PHP corridor handles large remittance volumes, so specialist providers compete aggressively. Compare the final received amount across providers, not just the headline fee.
Exchange rate regime
Note: Chinese Yuan is a managed currency with daily fixing by the People's Bank of China. International conversions typically use the offshore (CNH) rate.
Converting Chinese Yuan to Philippine Peso? Read this first
Sending money to the Philippines? Remittances account for roughly 10% of the Philippine economy. Services like Wise compete aggressively on this corridor, often offering better rates than banks.
Watch out: Banks typically charge 3-5% on CNY to PHP transfers. Regulated online services like Wise are equally safe and usually much cheaper. Always compare the final received amount, not just the fee.
Frequently asked questions
Is now a good time to convert CNY to PHP?
Timing a currency conversion depends on your personal circumstances and risk tolerance rather than market conditions alone. The CNY/PHP rate reflects the relative strength of China's economy and the People's Bank of China's monetary policy against Philippine economic data and Bangko Sentral ng Pilipinas decisions.
Check the rate panel above to see the current CNY/PHP price, then compare it against your historical reference points and your cash flow needs. If you need pesos for essential expenses, the timing question is less relevant than finding the lowest-cost conversion method.
What moves the CNY/PHP exchange rate?
The CNY/PHP rate responds to interest rate decisions from the People's Bank of China and the Bangko Sentral ng Pilipinas, as well as inflation data, trade flows, and economic growth rates in both countries. China's manufacturing output, property sector health, and foreign direct investment affect yuan demand, while Philippine remittances inflows, tourism, and business confidence influence peso strength.
Capital flows between the two economies - including Chinese investment in Philippine infrastructure and manufacturing - also shift the pair. Technical factors like options expiry and positioning by hedge funds add short-term volatility on top of these fundamentals.
Will Chinese Yuan get stronger or weaker against Philippine Peso?
Forecasting currency direction is inherently uncertain and depends on which economic factors dominate in coming months. Rather than predict, focus on monitoring the People's Bank of China's policy stance, Chinese GDP and employment data, and the Bangko Sentral ng Pilipinas' inflation management to understand potential pressure points.
Historical trends show this pair is sensitive to China's economic cycles and interest rate differentials between the two central banks. Watch the chart above for technical levels and patterns that may guide your conversion timing if you have flexibility.
How can I avoid fees when converting CNY to PHP?
Bank wire transfers typically carry fees on both the CNY and PHP sides, so compare all-in costs - not just the exchange rate. Peer-to-peer transfer services and specialized remittance platforms often quote all-inclusive rates with lower markups than banks, though availability depends on your location and account setup.
Some employers in China offer payroll conversion services with competitive rates for employees sending money home. The rate panel shows the mid-market rate; any provider quoting better than that is unlikely to be genuine, so verify credentials before committing funds.
Should I exchange Philippine Peso at home or abroad?
Exchanging before you leave China typically offers better liquidity and tighter spreads than currency exchange shops in the Philippines, especially for converting CNY directly to PHP rather than via USD. Airport money changers in Manila charge wider markups to cover rent and foot traffic.
If you're establishing a regular remittance flow to the Philippines, a dedicated money transfer service or bank relationship in China will offer consistency and tracking that casual airport exchanges cannot. Compare the all-in cost (rate plus fees) rather than the advertised rate alone.
How far does Chinese Yuan go in the Philippines?
The purchasing power of CNY in the Philippines depends on what you're buying and where - urban Manila is significantly more expensive than provincial areas, and imported goods cost more than local staples. A meal at a neighborhood carinderia (food stall) costs far less than dining at a mall restaurant, and provincial rent is substantially lower than Metro Manila prices.
Rather than stating a specific yuan amount, check current prices for your typical expenses - housing, groceries, utilities, transport - in your destination city using local online marketplaces and pricing websites. Your spending power changes both with exchange rate movements and with the seasons and local inflation trends.
What is the cheapest way to send CNY to PHP?
Large bank wire transfers from Chinese banks carry upfront fees but are transparent and secure; the per-unit cost drops as the amount grows, making them competitive for sums above 50,000 yuan. Remittance specialists like Wise (formerly TransferWise), OFX, and regional providers often undercut banks on smaller amounts by offering mid-market rates with low markups and upfront total-cost quotes.
Peer-to-peer platforms work if you know someone exchanging currencies in the opposite direction, eliminating middlemen entirely. Before choosing, request a full quote (including all fees) from at least three providers for your exact amount, since the cheapest option shifts depending on whether you're sending 10,000 yuan or 100,000 yuan.
Learn more
- PBOC Monetary Policy - People's Bank of China policy and rate announcements
- BSP - Exchange Rates - Bangko Sentral ng Pilipinas daily rates
How this rate is calculated
We prefer a direct rate from our primary data source when one is available. If a direct quote is unavailable, we compute a cross-rate through a major intermediary currency (usually USD or EUR). When a rate is derived rather than directly quoted, we label it on the page. Full methodology.