How Much Money Should I Take To China For An 11 Day Stay?
Cash or travelers checks? Exchange here or there? All hotels, attractions and most meals are already paid for. Just need spending money and emergency funds, but how much is enough?
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November 11th, 2009 at 6:23 am
Well it depends what you intend to buy and what you spend your money on. To give you some idea – taking cabs is about $0.25 – 0.45 per km….A beer will run you in the range of $0.30 to $1 very much dependent on whether you buy import or local…Souveneers will be plentiful –> you can check out my blog for information on some of the local markets http://travel.chinafinds.coom
So, all in all it depends what and how much you intend to buy while you are in China…
November 11th, 2009 at 6:23 am
it depend on which places u are going…i suggest that u bring along ur credit card as well as more cash but u must be careful, dont keep your cash in 1 place…seperate it…btw, china spending is cheap but u MUST be smart not to be con by them…check 1st & look at them whether did they change the item behind u….wish u travel happily…..
November 11th, 2009 at 6:23 am
Life here is very cheap. If everything is paid then you won’t need a lot unless you plan on buying a few souvenirs. I would say : 300 euros or the equivalent in USD is more than enough and even maybe too much. Prefer cash, traveller are not really used here. And to change them go to a bank like Bank of China. Not all banks do change foreign curencies for yuans.
Some ideas, I live here with 200 euros for one month ( appartment already paid ) and I buy what I need.
November 11th, 2009 at 6:23 am
China’s currency is the Renminbi人民币 (RMB), usually called the “Yuan”. 1Yuan = 10Jiao (in 1, 2 & 5) = 100 Fen (in 1, 2 & 5). In China, foreign exchange is under the control of the Bank of China, so all the hotels have foreign exchange, which offers similar rate to the Banks. The official exchange rate is around USD 1= RMB 8.08 Yuan. Hong Kong’s currency is the Hong Kong dollar, whilst Macau’s is the Pataca. Both currencies are worth 7% more than the Renminbi.
Visa, Master Card, American Express, Diners Club, Federal Card and JCB credit cards are accepted at most hotels and state-run shops in the major cities. Travelers should be prepared to pay in Yuan when shopping in smaller shops, restaurants, and in smaller hotels.
The Bank of China(中国银行) has exchange desks for foreign currency and traveler’s cheques with convenient hours at all hotels, airports, friendship stores, and other shopping areas. Besides the advantage of safety, traveler’s cheques are useful to carry in China because the exchange rate is actually more favorable than what you get for cash. Cheques from most of the world’s leading banks and issuing agencies are now acceptable in China – however, stick to the major companies such as Thomas Cook, American Express, and Citibank.
November 11th, 2009 at 6:23 am
5000
November 11th, 2009 at 6:23 am
nofj2 has given you a detailed answer,however,the $ to RMB conversion rate as of today is $1 = RMB 7.70.
November 11th, 2009 at 6:23 am
if everything’s paid for all ready, i would use my atm card at the bank of china. they’ll allow you to get $2500 yuan twice a day. that’s a little over $300 twice a day. i’ve done this 4 times and there is no charge by the bank on either end. and you get a receipt. please call your bank and tell them that you are going to china and are going to use your atm card or else they might think your card has been stolen. put in your card, don’t forget your pin number and you’re all set. at the end of your visit just let your yuan supply run low and you can exchange it for u.s. dollars at the airport or a bank in the u.s. if you use a credit card they will charge you a lot for using it in china.
November 11th, 2009 at 6:23 am
4000