Philippine Peso to Chinese Yuan (PHP/CNY) Exchange Rate Today
Sending moneyToday's rate, how it compares to the last 30 days, and what you'll actually pay to convert.
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PHP to CNY Conversion Table
Common amounts converted from Philippine Peso to Chinese Yuan at today's rate.
| Philippine Peso (PHP) | Chinese Yuan (CNY) |
|---|---|
| 1 PHP | — |
| 5 PHP | — |
| 10 PHP | — |
| 25 PHP | — |
| 50 PHP | — |
| 100 PHP | — |
| 250 PHP | — |
| 500 PHP | — |
| 1,000 PHP | — |
| 5,000 PHP | — |
| 10,000 PHP | — |
| 50,000 PHP | — |
How much Chinese Yuan will you actually receive?
Estimated cost to convert PHP 1,000 to CNY 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 | CNY 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 PHP to CNY providers
The PHP/CNY corridor handles significant transfer volume. If you send money regularly between Philippine Peso and Chinese Yuan, even a small rate difference compounds over time. Use the provider table above to compare what you would actually receive after fees and markup.
PHP/CNY rate statistics
Is today's PHP/CNY rate good or bad?
We compare today's live Philippine Peso to Chinese Yuan mid-market rate against its 30-day and 52-week trading range. When the rate is near the top of its recent range, PHP holders get more Chinese Yuan 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 PHP/CNY exchange rate?
The PHP/CNY rate tracks how many Chinese Yuan one Philippine Peso 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.
PHP is issued by the Bangko Sentral ng Pilipinas (BSP) (ranked 28th globally - meaning it's the 28th most bought and sold currency in the world). CNY is issued by the People's Bank of China (PBOC) (ranked 5th). Full PHP profile | Full CNY profile
Philippine Peso to Chinese Yuan is popular with travellers to the Philippines and the large Filipino diaspora sending remittances home.
Is today's PHP/CNY rate good or bad?
The Philippine Peso to Chinese Yuan 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 PHP/CNY 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 Philippine Peso to Chinese Yuan? 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 PHP to CNY 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 PHP to CNY?
Timing currency conversions requires monitoring current conditions against your personal needs and timeline. Check the rate panel above to compare today's PHP/CNY rate against recent historical levels, then consider your specific transfer deadline and budget constraints.
The Bangko Sentral ng Pilipinas and People's Bank of China both publish economic data that influences this pair, so reviewing recent policy statements and economic reports from both institutions can help inform your decision. Rather than waiting for a perfect rate, focus on whether current conditions meet your threshold and whether holding PHP or CNY exposes you to unnecessary risk.
What moves the PHP/CNY exchange rate?
The PHP/CNY rate reflects interest rate decisions from both the Bangko Sentral ng Pilipinas and the People's Bank of China, with higher Chinese rates typically strengthening the yuan relative to the peso. Trade flows between the Philippines and China - including manufacturing imports, agricultural exports, and investment activity - create demand imbalances that shift the pair throughout trading sessions.
Broader dollar strength also matters significantly, since both currencies trade primarily against the US dollar; when the dollar rallies, it can pressure the peso more heavily than the yuan. Economic data releases like Philippine inflation readings, Chinese manufacturing activity, and regional geopolitical developments can trigger sharp moves in this remittance corridor.
Will Philippine Peso get stronger or weaker against Chinese Yuan?
Exchange rate direction depends on multiple moving parts - interest rate differentials, trade balances, capital flows, and global risk appetite all play roles that shift over different timeframes. Historical patterns show this pair has been influenced by China's economic growth cycles and Philippines monetary policy shifts, but past performance does not guarantee future results.
Rather than predicting direction, focus on monitoring the chart above for trend patterns, watching for central bank policy announcements from Manila and Beijing, and staying alert to trade data between the two countries. Your decision should rest on your own risk tolerance and transfer timeline rather than expectations about future currency movement.
How can I avoid fees when converting PHP to CNY?
Many banks and remittance providers add hidden markups above the real PHP/CNY rate - compare the rate panel above against the actual rate offered by your transfer service to spot the difference. Direct bank-to-bank transfers between institutions in the Philippines and China often carry lower percentage fees than money transfer operators, though they may take longer to process.
Some remittance platforms charge flat fees instead of percentage-based markups, which works better if you're sending larger amounts; calculate the total cost both ways before committing. For smaller amounts sent frequently, a low-flat-fee provider may win; for occasional large transfers, negotiating directly with your bank might yield better pricing.
Should I exchange Chinese Yuan at home or abroad?
Exchanging PHP to CNY at a bank in the Philippines before traveling to China typically offers rates closer to the interbank PHP/CNY level shown in the rate panel above, compared to airport or street exchanges in China which add substantial markups. However, if you're receiving CNY in China and converting back to PHP later, exchanging at a licensed bank in a major city like Shanghai or Beijing will generally beat rural areas or tourist zones.
The Bangko Sentral ng Pilipinas regulates Philippine currency exchange, while China's licensed banks and foreign exchange bureaus in major cities are trustworthy; avoid unofficial changers in either country. Plan ahead to exchange at your bank before departure or at regulated institutions within major Chinese cities rather than at arrival points where rates are typically poorest.
How far does Philippine Peso go in China?
The purchasing power of PHP in China depends on your spending category and location - a single Philippine Peso buys very little in mainland China due to the current exchange rate shown in the comparison table on this page, so budget accordingly for even modest daily expenses. Major cities like Beijing and Shanghai have higher costs than rural areas, with Western goods, dining at international restaurants, and tourist zones absorbing significantly more pesos than local street food and public transportation.
Your PHP will stretch furthest in smaller cities and towns, and when purchasing local goods and services rather than imported items or luxury services. Use the rate panel to calculate specific budgets for your expected stay, keeping in mind that your actual purchasing power also depends on which province you visit and your lifestyle choices.
What is the cheapest way to send PHP to CNY?
Direct bank transfers from Philippine banks to Chinese accounts typically cost less as a percentage than money transfer operators like Western Union or MoneyGram, though processing takes 2 - 5 business days instead of minutes. Remittance providers that specialize in PHP to CNY flows often negotiate better rates with both the Bangko Sentral ng Pilipinas banking system and Chinese partner banks, reducing markups below what retail bank counters charge.
Some Filipino overseas workers use peer-to-peer networks or informal hawala-style transfers, but these lack regulatory protection and involve counterparty risk you should carefully weigh. Compare total fees (flat fee plus markup above the rate shown in the rate panel) across at least three providers for your specific amount, since the cheapest option changes based on transfer size and urgency.
Learn more
- BSP - Exchange Rates - Bangko Sentral ng Pilipinas daily rates
- PBOC Monetary Policy - People's Bank of China policy and rate announcements
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.