Chinese Currency Converter
Yuan Exchange Rates Table
| Currency | yuan(RMB) |
|---|---|
| US Dollars | 6.12 |
| Australian Dollars | 6.42 |
| GB Pounds | 9.97 |
| Euro | 8.11 |
| NZ Dollars | 5.6 |
| Yen | 0.078 |
Rates in the table were last updated on Oct.21, 2012.
See China Currency for:
- Chinese Currency Notation
- The Strength of the Yuan
- Withdrawing Yuan in China
- Exchanging Foreign Currency for Yuan
- Paying by Credit/Debit Card
See Chinese Money for:
- The History of Chinese Money
- Denominations of Chinese Money
- How to Recognize Fake Money and Other Tips
- Photos of Current Chinese Bank Notes
- Photos of Current Chinese Coins
- Photos of Old Chinese Bank Notes
Chinese Money
The official currency in China is the Renminbi (RMB or CNY) or in Chinese "Ren-min-bi". The basic unit is the yuan (also known as "kuai"), which equals 10 jiao (or "mao"), which is then divided into 10 fen. Paper currency comes in 1.2,5,10,50 and 100 yuan notes. Paper jiao come in denominations of 1, 2, and 5. There are also 1 and 2 fen notes, but these are rarely used as they have no purchasing power. 1 yuan, 1 and 5 jiao, and 1, 2, and 5 fen coins are even common used in larger cities.
Obtaining Yuan in China from Foreign Currency
It is possible to exchange traveler's checks or cash at most banks, and large hotels usually have a money exchange counter. Hotels will usually only allow you to change money if you are guest at the hotel. You are required to present your passport to change money/travelers checks etc.
The Bank of China has an ATM network that will allow cash advances from major credit / debit cards and ATM cards. Check you credit card provider for this information before leaving your home country.
If an ATM withdrawal is not sufficient (e.g. due to your daily withdrawal limit) cash advances are available on most common credit/debit cards e.g. American Express/Visa/MasterCard, but this facility is available only from the main branch of the Bank of China in most Chinese cities. A fee of 3%-4% will apply.
Changing Yuan Back to Your Currency
The RMB is not easily convertible on the international market so it is only usable in China. (RMB is now readily convertible in Hong Kong.) It is therefore advisable to change only the money that you need for your trip, as it may be difficult or costly to change it back to your preferred currency.
You can convert unused RMB to another currency in China by producing the receipts for your original purchase of RMB in China. This exchange can be done at the airport as you leave China. There is a foreign exchange black market, but it is illegal.
Note
-
Exchanging traveler’s checks may not available in small cities, counties and towns. Travelers are expected to use cash or bank cards when traveling in small cities, counties and towns.
Credit Cards
Click to enlarge the picture Major credit cards such as Master Card, Visa, JCB and American Express are accepted in major hotels and department stores. Check on the acceptance of your credit card before you purchase. Credit cards cannot be used in most restaurants or small convenience stores. Air Travel could be purchased with credit cards. Credit cards can be used to get a cash advance in the main offices of the Bank of China.
Wire Transfers
Wire Transfer using a service called Money Transfer is available and is a joint venture between the China Courier Service Corporation and Western Union. This service allows instant money wiring to and from 100 countries.
Counterfeit Money
Although the Government is trying to eradicate this practice there are still some problems with the use of counterfeit money, although the problem is decreasing. It is very common practice for those who are receiving money to check its authenticity. Do not be offended by this practice. It is not a reflection on your character.
Currency Fluctuation
The Chinese currency is currently fixed to the value of the US Dollar, so as the value of US Dollar changes on international currency market, the relationship between the Chinese Renminbi and the US Dollar remain the same. Some countries say that this does not give a true indication of the strength of the Chinese currency internationally and there is pressure on China to change the current relationship to the US Dollar.
China Highlights Travel currently quotes tour prices in US Dollars. We are currently reviewing our policy in this matter.
- Should a revaluation of the Chinese Renminbi occur, China Highlights Travel will honor all quotations for tours that have been fully paid at the time of the revaluation.
- Customers who have not paid for their tour in full at the time of any revaluation will be required to pay the difference between the old and new price calculated in Renminbi.
China Bank Notes Tours
Select a packed bank notes tour or tailor make a China tour to meet your needs! We also selected the most popular tours in the past years to give you suggestions for your China tour!
Hi Mohammed, the nearest airport is Hefei Luogang Airport. It is about 200km to Bengbu. You can take a taxi to Hefei Railway Station, then take high speed train to Bengbu.
Whitney Liao Replied on 04:30 AM May. 13 2013
The exact rate depends on the hotel which you would like to stay in. We listed many options for reference, you could check and book it directly on line. Please click: http://www.chinahighlights.com/hotel/
If you have not booked a tour, please feel free to let us know your plan, we are glad to arrange a tailor-made tour for you. Lussie Lu Replied on 04:03 AM May. 08 2013
Hi Geas, sorry, where is Quanshu, please? I don't know the exact place. Do you have its Chinese character?
Whitney Liao Replied on 06:05 AM Apr. 29 2013
Hi Twinkles, there is no shuttle bus from HONGQIAO airport to PUDONG airport. If you ride a taxi, the cost is around CNY200, takes about 2hrs.
Whitney Liao Replied on 04:38 AM Mar. 22 2013
For Chinese people, it is enough for four people to spend CNY5000 a month for living expenses, excluding the retal for the room charge. Lussie Lu Replied on 10:18 PM Mar. 18 2013
