The Chinese Yuan buy back rates below were last updated 22 minutes ago
The Chinese Yuan is one of the most competitively traded currencies in the UK and almost everyone stocks it and wants to buy it back except for smaller travel agents. If you’ve got leftover Chinese Yuan to sell, don’t take them to the bank or travel agent – save money by selling them back to a licenced currency broker who will offer you a much better deal than anyone on the high street. We’ve taken the hassle out of finding the best Chinese Yuan buyback deals by comparing the UK’s top buyers in one place so you can see in an instant who can offer you the most cash for your currency.
Unlike when you buy Chinese Yuan, selling them back again is not always a straightforward process. Some currency suppliers such as the Post Office will only buy back currency that they originally sold you in the first place (and you’ll need to show them your receipt as proof), while other suppliers won’t buy back currency at all, or will charge you a buyback fee for the privilege of accepting your order.
Fortunately there are a growing number of licenced currency suppliers who are snapping up unwanted Chinese Yuan sold to them over the internet. They are able to offer much better rates than the high street because their overheads are much lower. They don’t have to pay expensive high street letting rates and they can sell the currency they buy from you straight on to another customer – cutting out the middlemen (the banks) and passing the savings directly on to you. You’ll get the best Chinese Yuan buy back rates by selling online – but don’t just take our word for it. Compare Chinese Yuan buyback rates now using our unique comparison table above and see how much you could save.
There are three easy steps to selling your currency back online. All of these instructions will be explained to you as you go along and we'll also email you further instructions on what to do after you've placed your order.
Enter the amount of currency you want to sell and find the best deals using our comparison table above. If you have more than one currency to sell you can add them to your order later on. Once you've found a buyer, click 'Sell Now' where you'll be asked to fill out a buy-back order form.
We'll need a few basic details from you including your contact details, the currency(ies) you would like to sell and the bank account you would like your payment sent to. Once you've completed the quick order form you'll be asked to print a copy - don't worry if you don't have a printer handy as we'll also email you a copy and you can also write your order number on a piece paper if you don't have access to a printer. At this point we'll also send a copy of your order to the buyer so they know to expect your currency.
You'll need to then post your currency and order form (or a piece of paper containing your order number) to the buyer or drop it in to them in person if you live nearby. We recommend you send you currency via Royal Mail Special Delivery as this service is fully trackable and insured for up to £2,500 (you can split larger orders up into multiple packages if necessary).
Once the buyer receives your currency they will contact you to confirm receipt and process your payment. You will then be paid directly into your bank, usually within 3 working days of them receiving your currency.
Over the past week the Chinese Yuan buy back rate has worsened by 0.46% from last Monday's rate of 8.7544 to today's rate of 8.7945 which means ¥1000 is worth £0.52 less today than it did a week ago. During this period the worst time to sell was on Thursday at 8.8343 and the best time to sell was on Monday at 8.7544.
The 90 day outlook has seen the Chinese Yuan buy back rate worsen by 0.38% from 8.761 on 27th December 2016 to 8.7945 today. Based on these figures, ¥1000 is worth £¥0.43 less today than it did three months ago. The worst buy back rate we recorded was 8.969 on 1st February 2017 and the best buy back rate we recorded was 8.547 on 15th January 2017.
Posted by Matthew Weston on 24th March 2017
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