Canadian dollar to yuan, and the dollar standing between them
There is no Canada–China currency market. The figure you are reading is two dollar prices multiplied together.
Indicative reference rate, updated . Your payable amount is confirmed against your invoice before you fund.
100, 1,000 and 10,000 yuan to Canadian dollars at this rate
- ¥100
- ≈ $20.60
- ¥1,000
- ≈ $205.99
- ¥10,000
- ≈ $2,059.88
- $1,000.00
- ≈ ¥4,854.64
- $10,000.00
- ≈ ¥48,546.44
- $100,000.00
- ≈ ¥485,464.37
Size a supplier invoice in CNY
Enter the invoice in yuan and choose how you would fund it.
You send about
1,490.82 USDT
≈ $2,059.88
1 USDT ≈ ¥6.71
CAD to CNY is a cross-rate. The loonie is priced against the US dollar, the yuan is priced against the US dollar, and the number you searched for is what falls out when the two are put together. That matters more than it sounds: your figure can move on a Wednesday because of crude prices or a decision in Ottawa, with nothing at all having happened in China. Unigox prices the other half of the problem — the exact CNY your supplier must receive, funded from USDT or USDC in your Unigox Wallet.
- Cross-rate read through the US dollar
- Funded from USDT or USDC
- Supplier paid in CNY on the mainland
The loonie sizes the order. The stablecoin settles it.
Read the cross-rate to judge whether an order clears your margin, then enter the supplier's exact CNY total and see what settling it costs from the balance you already hold.
- You budget in
- CAD
- You fund with
- USDT · USDC
- Supplier gets
- CNY in China
CAD
Priced in CAD, funded from USDT or USDC
USDT
Native Unigox Wallet
USDC
Native Unigox Wallet
Recipient gets
ChinaCNY
The exact yuan stated on the invoice, paid to the recipient in China.
What is a Canadian dollar worth in yuan?
Two prices decide it and neither of them is quoted in Toronto. The loonie trades against the US dollar, the yuan trades against the US dollar, and CAD to CNY is the product of the two — which is why the pair is quoted almost everywhere and traded almost nowhere. Use the indicative figure here to size an order. It cannot price your payment, because from Canada a supplier invoice is funded with USDT or USDC and settled in CNY, so the arithmetic that decides your cost is yuan per stablecoin.
Canadian dollar funding is not part of this journey, and we would rather say that at the top of the page than let a converter imply otherwise. The reference figure is stamped with the time it was read, in Toronto time, and it is not a price held for you.
What your supplier has to send you before anything can be priced
The recipient decides more about this payment than the amount does. Ask for all of it in one message and a first payment stops being a week of back-and-forth across a twelve-hour time difference.
- 01
A company, not a contact
The destination is the supplier's own business bank account on the Chinese mainland. A personal account is refused whoever it belongs to, and an account in Hong Kong is a different payment from this one.
- 02
The company's name twice
Once in Latin script as their bank holds it, once in Chinese characters. Suppliers have both on the chop and the letterhead, and rarely think to send them unless they are asked.
- 03
Bank, account number, mobile
The receiving bank, the business account number, and a mainland mobile number. Copy them from a bank document rather than from a chat message that has been forwarded twice.
- 04
What the payment is for
Each payment says whether it covers goods or services, and whether the recipient is a supplier or a service provider. It is declared per payment rather than stored against the company.
Checks run again on every payment, and editing a saved recipient sends them round once more. A corrected account number is re-checked before the next invoice rather than after your funds have gone.
Three things to get right before the money moves
- Step 01
Do not convert the budget first
A figure you arrived at in your head is not the number the supplier books. Start from their CNY total and let the funding amount fall out of it.
- Step 02
Do not assume a domestic rail travels
The habits that work between two Canadian banks have no equivalent leg into a company account in China. Nothing carries across that border unchanged.
- Step 03
Do not leave the account name unchecked
If the account holder is not the company on the invoice, that is a question to ask now rather than a discrepancy to explain to your own bookkeeper later.
From recipient details to a tracked CNY payment
- 01
Add the recipient
Choose the supported China destination and enter the recipient details exactly as provided.
- 02
Enter the CNY invoice
Add the amount, purpose, relationship and optional invoice reference before pricing.
- 03
Choose how to fund
Select USDT or USDC from your native Unigox Wallet.
- 04
Review and follow the payment
Confirm the exact source and destination amounts, then follow the status from the same flow.
Pay from where your money already is
Unigox Wallet
Choose USDT or USDC
- Choose USDT or USDC
- Review the required wallet amount
- The recipient still receives CNY
Stablecoin rates and top-ups
Two markets, one number, and neither of them is here
Ask for CAD/CNY and you are asking for arithmetic rather than a market. Both currencies are quoted against the US dollar in enormous volume, and the pair you searched for is derived from those two quotes. There is nothing wrong with that — most currency pairs in the world are built this way — but it changes how a move should be read.
The loonie has a long-standing relationship with commodity prices and with the gap between what the Bank of Canada and the Federal Reserve are doing. The yuan moves inside a narrow band around a daily reference rate published by the People's Bank of China. So a week in which the pair drops two per cent might be an entirely Canadian story, an entirely Chinese one, or one of each partly cancelling out, and the composite figure will not tell you which.
For an importer the practical version is short. While you are deciding whether an order clears your margin, look at where the pair has been over the length of your payment terms rather than at today's fourth decimal. Once you are actually paying, the pair stops mattering altogether, because the payment does not travel through it.
- CAD/CNY is derived: one leg is the US dollar against the loonie, the other is the US dollar against the yuan.
- A move can be Canadian, Chinese or both at once, and the composite number hides which.
- The figure that prices your payment is yuan per USDT or USDC, and it appears in the flow.
The rails you use at home stop at the border
Money moves inside Canada with an ease that does not survive customs. An e-Transfer between two Canadian banks is a solved problem, it settles in minutes, and it does not leave the country. There is no version of it that credits a supplier in Shenzhen, and no bank on the Chinese end of it waiting to receive one.
The route Canadian businesses do have is an international wire, and the honest comparison with it is not fee against fee. It is legs and days: a cut-off time you either make or miss, a chain of correspondent banks nobody names in advance, an amount that can land smaller than the one that left, and a supplier who tells you what arrived some days later. None of that is a scandal. It is simply the shape of the route.
This one has a different shape. You hold USDT or USDC, the invoice stays fixed in CNY, and the supplier's company account is credited on the mainland. Whether that is the better arrangement for you depends on where your liquidity already sits, which is a question about your balance sheet, and not one a landing page is in a position to answer for you.
Where the Canadian dollar actually sits in this payment
It sits in your head, your pricing sheet and your books — and nowhere in the transaction. This journey has no Canadian dollar pay-in. You do not send CAD to anybody, and no part of the amount is denominated in it. The loonie is the currency you think in, and all of that thinking is done before Unigox is involved at all.
There is one honest consequence worth stating plainly. Because we are not the ones turning your loonies into anything, we cannot tell you what that step costs; it happens wherever you buy the stablecoin, and the price you get there is yours. What we can tell you is the exact CNY your supplier receives against the exact amount you fund — and those two numbers, divided into each other, are the only comparison that travels between routes.
There is also no separate fee line waiting to be added afterwards. What the payment costs already sits inside the amount you are asked to produce, which is what makes that comparison work: nothing is being held back to appear once you have agreed.
- What the CAD figure does: sizes an order so you can judge it against your margin.
- What it does not do: form any part of the payment. There is no loonie leg in this journey.
- What decides your cost: the CNY the supplier receives, against the stablecoin total shown before you fund.
Before the first one
A floor and a ceiling apply to each payment. Both are read from the liquidity available for the yuan leg at the moment you ask, which is why they are not printed here: a limit published on a page in September is a limit that will be wrong in November. You are shown the band that applies to you while you are pricing, before a payment record exists.
A figure keeps for ten minutes. That is a limit on how stale the number on your screen may get, not a price held on your behalf — the amount is settled when your payout is matched, and if the ten minutes lapse you are shown a fresh figure and asked again rather than being paid at one that has expired.
And the disclosure that belongs near the top of any page like this. The payout route is weeks old, not years. It is built and tested end to end, and it has not yet carried enough traffic for anyone here to call it routine — so make a first order a small one, to a supplier who answers messages, with nothing time-critical hanging on the date.
Built for the way Canada pays China
Two things shape this flow: China is a major sourcing corridor for Canada, and the invoice at the end of it is written in yuan and paid into a mainland company account.
What Canadian importers ask before a first payment
01Is the CAD to CNY exchange rate on this page the one I will pay?
No. It is a reference reading, timestamped, and it moves between the moment you read it and the moment a payment is matched. The exchange rate that matters to your books is the one implied by what you funded and what the supplier received, and that pair is fixed only once the payout is matched — which is why the flow shows both figures before you approve anything.
02Can I fund this from a Canadian dollar bank account?
No. There is no CAD collection leg in this journey, so a Canadian bank transfer is not one of the options and it is not listed as one. Funding is USDT or USDC held in your Unigox Wallet, and the loonie stays a reference currency throughout.
03Why did the rate move when nothing happened in China?
Because half the pair is Canadian. The loonie reacts to commodity prices and to the spread between Canadian and American policy rates, and the composite figure moves with it while the yuan sits still. Watching the two dollar legs separately tells you which side did it.
04Can I send my supplier an Interac e-Transfer?
Not to China. Interac is a domestic system and stops at the border; there is no leg of it that credits a bank account in Shenzhen or Yiwu. A supplier invoice here is paid into the company's account on the Chinese mainland instead.
05How long is the figure I am shown good for?
Ten minutes, and that is a shelf life rather than a lock. It bounds how stale the number in front of you can be. If it lapses, the flow prices the invoice again and shows you the new amount before anything moves.
06My supplier wants a deposit now and the balance before shipping. Is that two payments?
Yes, and they are priced independently — one figure does not carry over to the other. Each instalment carries its own purpose declaration and its own invoice reference, which is also what lets the pair of them reconcile cleanly against the supplier's records.
Stop converting a budget and price the invoice
Open the payment flow, add the recipient and compare USDT, USDC before funding.
Price a supplier invoiceRelated China guides
Built primarily for businesses
Built for importers and repeat supplier payers. A private individual paying a business invoice runs the same checks and gets the same quote — the recipient on this route is always a company.