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Currency Converter |
| Currency Converter |
The currency in China
and Tibet is known as the Renminbi (RMB) or “people’s money”. This basic unit
of currency is formally known as the Yuan (￥). Hong Kong has its own currency,
the Hong Kong Dollar (HK$). Approximate exchange rates as follows but you are
advised to check current rates prior to your travel at Bank of China, the
official state-owned bank specialized for foreign exchange business in China: Bank of China
￥15 equals GBP￡1
￥7.4 equals US$1
￥6 equals AUD$1
￥5 equals NZ$1
￥7.0 CAD$1
You are advised to carry a mix of cash and travelers cheques (US$, AUD$, CAD$
& GBP￡ are accepted throughout China). Traveler cheques can be exchanged at
most major hotels. It is a good idea to keep the exchange receipts as you may
need these if you want to change the Chinese currency back to your local
currency at the end of your trip. Credit cards can be used in many of the
hotels and in some shops and restaurants in major cities; however they are not
widely accepted in more rural areas. Visa and Mastercard are the most commonly
accepted in cards. Cash advances can be obtained using these cards at most Bank
of China branches. ATM access is available through-out the country at Bank of
China particularly in the bigger cities. When the ATM is not working, you can
get cash out over the counter. This is usually only during business hours and
you may need to have your passport with you to do this. |
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