FX conversion cost calculator
Compare banks and other options: how much RMB you actually get in a year
Example: Currency: USD, Monthly receipts: USD 50,000.00, Payments received per month: 10, Net per year (bank): CNY 3,996,000.00 (at the 2026-10-09 central parity rate).
RMB received per year = monthly receipts × 12 × conversion rate × (1 − fee rate) − fee per payment × payments × 12. A rate gap of 0.01 also grows with the amount.
Result
This calculator needs JavaScript to run. The formula and the worked example below work without it.
At your volume, option B brings more each year, by
CNY 11,940.00
More than the bank; option B brings CNY 4,007,940.00 a year
- option B · Platform quoteMostCNY 4,007,940.00Net per year
- Option A · BankCNY 3,996,000.00CNY 11,940.00 less than the top
Verified2026-10-09Source: central parity published by CFETS under PBOC authorisation, announcement of 2026-10-09Data sources
This site is not an official channel. It is for reference only; the official publication prevails.This site entered this edition of the central parity rates on 2026-10-10 17:48 (Beijing time).
- option B · Platform quote, net per yearmonthly receipts × 12 × conversion rate × (1 − fee rate) − fee per payment × payments × 12USD 50,000.00 × 12 × 6.7000 × (1 − 0.3%) − CNY 0.00 × 10 × 12 = CNY 4,007,940.00
- Option A · Bank, net per yearmonthly receipts × 12 × conversion rate − fee per payment × payments × 12USD 50,000.00 × 12 × 6.6900 − CNY 150.00 × 10 × 12 = CNY 3,996,000.00
- Differencetop − bankCNY 4,007,940.00 − CNY 3,996,000.00 = CNY 11,940.00
Formula
Bank, net per year = monthly receipts × 12 × conversion rate − fee per payment × payments per month × 12
Other options, net per year = monthly receipts × 12 × conversion rate × (1 − fee rate) − fee per payment × payments per month × 12
Difference = top option − bank (if the bank comes out on top, compared with the runner-up)
Less per year than converting at the central parity = monthly receipts × 12 × central parity − net per yearthe RMB central parity announced on the day the page shows
With several currencies, each is worked out on its own and the results added; for a currency quoted per 100 units (JPY and others), the rate is divided by 100 first
Not covered
- Compare up to 3 options (the bank + 2 more).
- One row per currency, up to 8 currencies; a fee per payment applies to each payment in each currency.
- This site does not republish bank rates: enter your bank’s spot buying rate.
Worked example
The same two options, the same amount a month, a different number of payments (example data):
| Case | Option A, bank (a year) | Option B (a year) | Result |
|---|---|---|---|
| USD 50,000 a month in 10 payments; A 6.6900, CNY 150 a payment; B 6.7000, 0.3% | CNY 3,996,000.00 | CNY 4,007,940.00 | Option B brings CNY 11,940.00 more a year |
| USD 50,000 a month in 1 payments; A 6.6900, CNY 150 a payment; B 6.7000, 0.3% | CNY 4,012,200.00 | CNY 4,007,940.00 | The bank comes out ahead, by CNY 4,260.00 a year |
With many payments the fixed fee per payment adds up; with large amounts in few payments the fee rate matters more.
FAQ
What does FX conversion cost calculator give for an example?
Example: Currency: USD, Monthly receipts: USD 50,000.00, Payments received per month: 10, Net per year (bank): CNY 3,996,000.00 (at the 2026-10-09 central parity rate).
Which matters more: the fee rate or the fee per payment?
With large amounts and few payments, the fee rate matters more; with small amounts and many payments, the fixed fee per payment matters more. So the same option can come out ahead or behind depending on your volume.
Why aren’t options B and C pre-filled with platform names?
We don’t pre-fill quotes for any payment platform. Enter the actual quote you’ve been given, so the comparison means something.
Can I compare several currencies?
Yes. When you add a currency, each option gets a rate field for that currency.
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Results are for reference only. The figures confirmed by the tax authorities, banks and carriers prevail.Disclaimer