1200 Chinese Yen to AUD: Conversion Rate and Exchange
Are you planning a trip to Japan or Australia and wondering how much 1200 Chinese Yen is worth in Australian Dollars (AUD)? Maybe you're an international business owner looking to expand your reach to these countries. Whatever the reason, understanding the exchange rate between Chinese Yen and AUD is crucial. In this article, we'll provide you with the current conversion rate, exchange rate history, and some useful tips for exchanging your money.
Current Conversion Rate
As of the current date, the exchange rate is approximately:
1 Chinese Yen (CNY) = 0.021 Australian Dollars (AUD)
Using this rate, we can calculate the value of 1200 Chinese Yen in AUD:
1200 CNY = approximately 25.20 AUD
Exchange Rate History
The exchange rate between Chinese Yen and AUD has fluctuated over the years, influenced by various economic and political factors. Here's a brief overview of the exchange rate history:
- In 2015, the exchange rate was around 1 CNY = 0.018 AUD
- In 2018, the exchange rate reached a high of around 1 CNY = 0.024 AUD
- In 2020, the exchange rate stabilized around 1 CNY = 0.021 AUD
Tips for Exchanging Your Money
When exchanging your Chinese Yen to AUD, keep the following tips in mind:
- Use authorized currency exchange offices: Avoid exchanging your money at airports or tourist areas, as the rates may be less favorable.
- Compare exchange rates: Research and compare rates offered by different exchange offices or banks to get the best deal.
- Avoid using credit cards: Credit card companies often charge higher exchange rates and fees, making it more expensive to exchange your money.
- Use a debit card: Debit cards often offer more competitive exchange rates and lower fees.
Conclusion
Understanding the exchange rate between Chinese Yen and AUD is essential for anyone looking to travel or do business between Japan and Australia. Remember to stay up-to-date with the current exchange rate, use authorized currency exchange offices, and avoid using credit cards to get the best deal. Happy travels or business ventures!
