Tuesday, July 14, 2009

Where is the best place to change US dollars into yuan?

Where is the best place to change US dollars into yuan? At the airport, banks or at the hotel? Are they open at night? Which has the best exchange rate? Also, what denominations of yuan do you think I should have all the time? Do you know any bank that converts US dollars into yuan here in US?



Where is the best place to change US dollars into yuan?debt consolidation loan





Using ATM is the worst way to get money out, and there is no difference between HSBC or any other banks all the fees are pretty much the same (expensive). The best way is to go to the bank%26#039;s directly with cash for cash.



All the exchange rates at the banks are the same. It might be a bit better at the Chinese banks, but I think they%26#039;re all universal. I only say that because the Chinese banks use to give you an exchange rate of almost 1-1, but they recently learned that it%26#039;s ok to take a profit people simply by swaping money. A new concept introduced thanks to the international banks/rapists like HSBC and Citi.



The best rates you can get are actually from the black market, but you have to know who you can trust because some of the bills are fake. I have a good connection in Shanghai, but obviously I%26#039;m not going to introduce you to him over YA.



Where is the best place to change US dollars into yuan?

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Hey man,



HSBC ATMs are pretty good, they give a good rate and is located at a lot of locations.



GL.|||Best places to exchange US Dollar (or any foreign currency) in China are the banks and star-rated hotels. Try not to exchange your money in the black market even though the rate is higher because the counterfeit yuan is quite rampant in certain cities in the country.



Some banks in certain cities like Beijing and Shanghai are opened on weekends and operate until 7pm on weekdays. But don%26#039;t bet on it. It is good to exchange your money on working hours.



The highest denomination is 100 Yuan (approx 15 dollars). In big cities, there is no difference on whether you carry all 100s or small change. However, it is good to have a few 10s and 5s in your pockets for cigarettes or coca-cola.



There are Foreign Exchange booths in major airports. If you do not have Chinese Yuan when you arrive, you can make a little exchange there before you take a taxi. IF, you are not able to exchange the money at the airport, you can always pay the taxi driver when you arrived at your hotel which you can get a %26quot;paid-out%26quot; cash from the hotel cashier.



Hope this helps.|||You can do it right in the airport (there may be a small surcharge 30rmb) or go to a bank with your passport. Unlike other countries, you don%26#039;t have to worry about getting a better exchange rate, because the rate is set by the government and all banks charge the same rate. Do keep your money exchange receipts though, if you need to change your rmb back when you leave China you have to show that you changed money from another currency. 100 yuan aka rmb or quai, is the largest denomination and is the rough equivalent of $12US. I do not think you can legally exchange rmb outside of China. Hope this helps.|||Bank of China is where I exchange all the time, airport does have a bank locate outside arrivals door, it really doe snot matter what denominations you have, you should convert here, if you do it in the States there will be a huge charge, check out link below

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