"Changing Money in Beijing" Beijing Favorite Tip by machomikemd
Beijing General: 425 reviews and 520 photos
Favorite thing: Changing Money in Beijing is simple but a tip, changing foreign currency in hotels are better than changing in moenyshops downtown why? exchange rate of $1 - 6.75 RMB in hotels but they charge NO commission fees! while in moneyshops in beijing area the exchange rate is $1 - 6.86 RMB (which is higher) but they charge a 30 RMB commision per TRANSACTION so it is better to change foreign currency in hotels since they have no commision charge!
also good to exchange in Money exchange shops in various factories that you visit after tours, they may be tourist traps but you can exchange foreign currence to RMB there WITHOUT Commision charges! so when in a factory (whether jade or silk or ceramic or whatever) change your money into RMB and have no commision charge!
Fondest memory: Besides US Dollar, they also accept euros, japanese yen, thai baht, HK dollar, Macau pataca, Philippine Peso, Singapore Dollar, Malaysian Ringgit and Others!
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