Money Exchanges

  • [Wednesday] 19th Nov,2014
  • in Daisy
  • View 1436

Provided you show a copy of your passport, cash and travellers' cheques can easily be exchanged at the currency exchange counters found in most hotels, major banks and at Pudong International Airport. Independent money exchanges do no exist outside of the black market,which is not recommended due to the high number of counterfeit notes. Rates are generally consistent wherever you go, but hotels sometimes charge higher commissions than banks, which generally take between 0.75-1% or sometimes a fixed fee of up to CNY 50 per transaction. One Particularly easy way to exchange money from funds back home is to use your international credit card at a compatible ATM and pay a 2-3% commission.