RMB Exchange Rate & Currency Converter

xe.com  Universal Currency Converter™
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Universal Currency Converter 
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This is the XE.com Universal Currency Converter ®, the world's most popular currency tool. You can perform interactive foreign exchange (FX, or forex) rate calculations, using live, up-to-the-minute currency rates.

To start, simply type the value of the currency to convert in the amount box. You may include commas and a decimal point.

Next, select the source and destination currencies using the scrolling selection boxes. Currencies that are obsolete -- or that are being phased out -- will be indicated by an asterisk (*). When you are finished, push the "Go!" button, and the results of your conversion will be displayed.

China Currency
The Renminbi (RMB), China's legal currency, is issued and controlled solely by the People's Bank of China. RMB exchange rates are decided by the People's Bank of China and issued by the State Administration of Foreign Exchange, the latter exercising the functions and powers of exchange control.

1 Renminbi Yuan (CNY; symbol ¥) = 10 jiao/mao or 100 fens. Notes are in denominations of ¥100, 50, 20, 10, 5 and 1. Coins are in denominations of ¥1, 5 and 1 jiao/mao. Counterfeit ¥50 and ¥100 notes are commonplace.

Currency Exchange

CNY is not traded outside China. Foreign banknotes and traveler's cheques can be exchanged at branches of The Bank of China. In hotels for tourists, imported luxury items such as spirits may be bought with Western currency. Scottish and Northern Irish banknotes cannot be exchanged.

Credit/Debit Cards and ATMs

American Express, Diners Club, MasterCard and Visa are widely accepted in major provincial cities in designated establishments. ATMs can generally be found in airports, hotels, shopping centres and banks. Credit cards are often unlikely to be accepted away from the major cities.

Traveller's Cheques

To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars.

Resource links:

----> Bank of China (English)
----> Latest Exchange Rates published by Bank of China (Updated daily)

See the top10 China tours or contact us for a tailor-made China tour.

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