The invention provides an audio frequency playing method and a mobile terminal, and relates to the technical field of communication. The audio frequency playing method is applied to the mobile terminal, the mobile terminal is provided with at least two sounding bodies located at different positions, and the method comprises the steps of determining a target motion mode of a virtual sound source which is adopted currently, wherein the target motion mode is used for representing a dynamic motion mode of the virtual sound source corresponding to an audio frequency signal of an audio frequency file; obtaining a dynamic volume adjusting mode of at least the two sounding bodies corresponding to the target motion mode, wherein the dynamic volume adjusting mode comprises the function relation of the amount of volume and the playing moment; sending the audio frequency signal to all sounding bodies for playing, and in the playing process, according to the dynamic volume adjusting mode, adjusting the volume when each sounding body plays the audio frequency signal. According to the audio frequency playing method and the mobile terminal, the problem is solved that an existing audio frequency playing mode is single in form.