Which currency should I bring to China with me on holiday?

Posted on 19. Dec, 2009 by Shop Keeper in Shopping Tips

missrinumi asked:


I want to do a lot of shopping when I go to Beijing, China in a few weeks time, and so which currency is the best to bring. I can only bring one. I’m thinking “yuan” but I just want to make sure!

Thank you.
BTW, don’t say dollars, because I’m from England, so that would be pointless.

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11 Responses to “Which currency should I bring to China with me on holiday?”

  1. Mandy M

    21. Dec, 2009

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    I would take yuen it’s the same as renimbi so it doesn’t matter but the one used the most is yuen.

  2. Mister G

    22. Dec, 2009

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    just take yr ATM card and withdraw money from a machine at the airport when you arrive.

    this link shows you all the ATM’s in the world:

  3. cooltronix

    25. Dec, 2009

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    RMB, US$ or €. You can change all foreigne currencies in China.

    Ifyou planto bring in RMB then make sure that you can actually buy it cheap in your place.

  4. Light

    27. Dec, 2009

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    RMB

  5. info

    30. Dec, 2009

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    chinese money or yen??

    maybe american currency so they can make fun you

  6. Mr. W

    31. Dec, 2009

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    take your ATM card, you can use Bank of China or CITI bank with no problem

    BUT

    you must tell your credit card company and your bank that you will be in China using the cards, if you don’t and they see activity in China with your card they will shut it down and trying to get it working again is horrible, it happened to me

    so, ATM is the best way to go, so, you don’t have to have to bring a ton of cash, but, if you do bring your USD, don’t try to get RMB where you live, exchange rate is really bad,

    also

    remember if you bring Pounds and exchange it for RMB and at the end of your trip have RMB left over and want to change it back you will need the original exchange papers from the bank, so, make sure you hold on to the papers the bank gives you

  7. joseph

    03. Jan, 2010

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    RMB, of course.

  8. Rabbityama

    06. Jan, 2010

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    I would bring the British pound and exchange for yuan in China. You can do it at the airport. I’m not sure about the U.K., but the U.S. rips you off with exchange rates, so it’s best for Americans to exchange in China. The Chinese typically give fair rates. If the U.K. gives fair rates, then you can exchange it there. Either way, you can only spend Chinese currency in China. It is also useful to bring a credit or debit card, just in case you find yourself spending a little more than you planned. VISA is the best credit card. I had a MasterCard and I was able to withdraw money, but it was a bit of a hassle, because for some reason not all the banks would accept it. This was in the big cities, too.

  9. freezedrieddemon

    08. Jan, 2010

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    It’s best to bring money in your own country’s currency, then change it when you get to China. Banks give better exchange rates than anywhere else, but you can only get the best rates if you’re a customer – fortunately it only takes about 10 minutes to apply for an account (much more efficient than in England), and they will give you an ATM card that you can use in any machine instead of being limited to a only the ones that accept foreign cards. The Bank of China usually has English-speaking staff.

    So change a small amount of cash at the airport to pay for taxis or whatever, then go to your nearest Bank of China branch to open an account and exchange the rest of your money. It’s a pain in the backside to change money back though, so only change as much as you will need.

  10. Edward H

    10. Jan, 2010

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    The “Yuan” and “RMB” are one in the same. The smallest value of currency is 0.10 (Yi Jiao), which is 1/10 of 1 RMB, or 1 Yuan. The largest note is only 100 RMB, worth about US Dollars. 14.75.

    The US Dollar is most accepted, although you can easily change Euros and other popular currencies. Try to get some money at the bank before you leave, otherwise, plan to take money a ATM machines (check with your bank for costs). Don’t change at the hotel or at a money changer unless there is no other option. You can change money at local banks if you don’t mind asking for a little help, there should be at least one person in the bank who speaks English and can guide you.

    Although you can use international credit cards at major hotels and restauarants, cash is king.

    Have a great trip!

  11. Sino-Pak

    10. Jan, 2010

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    RMB, USD, Euro, HKD

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