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Euro or US Dollar in China?

Travel Forums Asia Euro or US Dollar in China?

1. Posted by ortique (Budding Member 17 posts) 10y

Which currency (€ or $) is more widely accepted in currency exchange joints in China?

2. Posted by fune (Budding Member 5 posts) 10y

No matter what currency you use, you have to change to REN MIN BI.
Last year in China, I've got euros only on me, no one accept it, I MUST go to Bank of China to change it.

3. Posted by Gelli (Travel Guru 2457 posts) 10y

USD by a long way.

Changing money in China isn't always that easy as only Bank of China and a few other places (i.e. at major airports) will change money. In very big cities, you can normally change all main currencies, but elsewhere, only USD. And they have to be crisp and unmarked, and relatively new.

4. Posted by NicholasD (Budding Member 3 posts) 10y

not sure on the Euro, but exchanging USD is very eeasy in major cities.

another option to consider: if you plan on being somewhere where a bank of china is close by, a visa card is very convienyent. bank of china has atms at every location (that ive seen) which will allow you to withdraw RMB. they have instructions in english, the exchange rate they use is slightly less but very close to the rate for exchanging USD's, and for me it was only a charge of about 2USD each time.

5. Posted by Gelli (Travel Guru 2457 posts) 10y

Oh yes, and be aware that only Bank of China and foreign banks (like the handful of Citibanks) will accept foreign cards reliably. Occassionally some others, like Agriculture or Industrial bank will, but it seems to be at random and not that many of them do.

6. Posted by Purdy (Travel Guru 3546 posts) 10y

We took Sterling T/Chqs to our recent trip to Beijing and they were exchanged at our hotel no questions asked - and they had a currency exchange board giving rates for all other major curriencies. But that was a major city like the others have said.

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