Yuan exchange rate (CNY)

    Why consider payment in CNY?

    • China's economy became the world's second largest economy in 2011.
    • China ranks among the Czech Republic's top five trading partners.
    • The Chinese Yuan has become the third most traded currency in China's foreign trade.
    • The Chinese government has already embarked on a long-term programme to make the currency fully convertible.
    • In the long term, the Chinese currency will be one of the three currencies of global foreign exchange alongside the EUR and the USD.

    Benefits for the importer/exporter when paying in Chinese currency

    • Discounts for trading in CNY - Chinese partners can provide attractive discounts if a contract is concluded in CNY.
    • Increased likelihood of winning a contract in the Chinese market.
    • More potential trading partners preferring to do business in CNY.
    • Ease of payment is the same as in USD, for example.
    • Lower cost of payment transactions compared to banks - same as in USD.
    • Elimination of exchange rate risk - the CNY exchange rate is pegged to a basket of currencies and is more stable against the CZK than the USD exchange rate over the long term.
    • Speed of payment.

    Terms and conditions for CNY payments with Accenta


    • IPU management: free
    • Urgent reimbursement: tariff - item: surcharge for urgent reimbursement
    • Standard reimbursement: tariff - item: other foreign reimbursements

    Payment processing time:

    • E-payment standard: D+0 to 14:00 - usually within 4 days
    • E-payment urgent: D+0 to 14:00 - usually within 2 days

    Conditions for payments in CNY:

    • Recipient can only be a legal entity authorized to receive and/or send remittances in CNY
    • No special documentation is required.
    • Commercial transactions only (all types of remittances outside China).
    • Both natural and legal person can pay.
    • Recipient must accept local rules and regulations when remitting to China.

    For remittances directly to China

    • Include the CNAPS (China National Advanced Payment System) code beginning with C/N (CNAPS code is a 12-14 digit numeric code) in the Message to the recipient.

    Based on CNAPS requirements, foreign payments with missing or incorrectly entered payment purpose may be delayed or rejected.

    Our exchange rates




    The exchange rates shown are informative in nature; for the most up-to-date rates, please call +420 498 777 800. You can find current exchange rates in our Online Broker anytime.

    54 000+ clients in 6 markets

    More than 25 years on the market

    More than 100 sales representatives

    Foreign payments

    Foreign and domestic payments through Akcenta are fast, reliable and inexpensive. You can make payments in 17 currencies. They are a responsive alternative to payments made through banks.

    I want to know more.
    Foreign exchange trades

    The best rates for companies, individual solutions, speed and reliability in the implementation of foreign exchange transactions (currency exchange). We offer each client the optimal solution to suit their needs.

    I want to know more.
    Derivative transactions

    Hedging against adverse exchange rate movements from as little as EUR 10 000 or its equivalent in another currency. We also provide small companies, free of charge, individually and precisely tailored.

    I want to know more.