Chinese Currency and Exchange Rate

The Chinese currency is the RenMinBi (RMB), generally pronounced Yuan in written form, but spoken as Kuai. Paper money available in RMB1, RMB5, RMB10, RMB50 and RMB100. Today, China is suffering from numerous counterfeit notes. Fake notes are sometimes easily recognizable since the paper feels different and the Chinese will check several time when they receive a RMB50 or RMB100 to make sure it is not a fake. Old and tattered notes can be difficult to exchange so try not to accumulate them.

Most of the time, vendors and taxi drivers ask for a small note when you pass them a RMB100 note, sometime they cannot change it and sometimes are not willing to. So it is a good idea to stack up on RMB10 bills. If you have any problems with a note, exchange it for a new one or small change at a bank. A counter fake note will be confiscated.

Travelers cheques are  the best way to carry money around in China, the exchange rate is fixed and it can be replaced if lost or stolen. Cheques can be cashed at the major branches of the Bank of China. Credit cards like Visa, Mastercard and American Express are useful in major tourist cities too. They can be used in most mid range to top range hotels, and some big department stores. You can get cash advances in the head branches of the Bank of China, however, a high commission will be charged (four percent).

Foreign currency can be changed in most banks and hotels. Exchange rates do not vary that much, so hotels are often the most straightforward place to exchange. Keep the exchange receipt with you in case you want to exchange any remaining RMB you have left over when you leave. Please use our CURRENCY CONVERTER  in the "Reservations" pages of the site. Currently the exchange rate for Chinese RMB is as follows:

USA

8.3

UK

13.6

Australia

5.5

Canada

5.7

France

1.3

Germany

4.3

Japan

0.08

 

Beijing Hotels List  Beijing Hotel Reservation Beijing Travel Guide   Privacy  FAQ  Contact Us  Site Map

 

Beijing Airport Hotels
Beijing Central Hotels
Beijing East Hotels
Beijing West Hotels
Beijing North Hotels
China International Exhibition Center
BICC(Beijing International Conference Center)
Beijing Agriculture Exhibition Center
Beijing International Trade Center

 
Private tour services
Coach tour services
Sightseeing
Private Tours In Beijing
Great Wall
Forbidden City
Summer Palace
Ming Tombs
Temple of Heaven
Tian'anmen Square

Eating in Beijing
5 star Beijing hotels
4 star hotels in Beijing
3 star hotels in Beijing
2 star Beijing hotels
Beijing Climate
Beijing Map
Subway map of Beijing
China Visa application
Shopping In Beijing
Hotels' Location & Map of Beijing

Other Cities hotels in China

China Beijing hotels

Hotels in Beijing China
Beijing Hotels China
5 star Beijing hotels

 

Copyright China discount hotel Service Corp. Beijing China
Tel: 0086-10-6918 1904 86-13621338500 Fax: 0086-10-6918 1904
For discount Beijing hotel reservation: hotel@beijinghotelchina.com