What kind of money is in China - Chinese yuan - - exchange rates, interesting facts and tips for tourists. Prices for air tickets from Harbin to Shanghai by month Currency exchange in China
National currency of China- Chinese Yuan 元 (RMB). The international designation of the Chinese yuan is CNY (￥). The regulation of foreign exchange transactions with the yuan is carried out by the Central Bank of China, called the People's Bank of China.
Yuan became national currency of China after the currency reform of 1948. Then the local currency of the Chinese provinces was replaced by a single yuan.
Until 2005, the Chinese yuan was pegged to the US dollar.
1 yuan is divided into 10 jiao (角), which in turn are divided into 10 fen (分).
For example, the amount of 5.15 is 5 yuan, 1 jiao and 5 fen.
The banknotes in circulation are: 1 yuan, 2 yuan, 5, 10, 20, 50 and 100 yuan, and coins in denominations of 1 fen, 2 fen, 5 fen, 1 and 5 jiayu, 1 yuan.
Cash Yuan in China are accepted everywhere. Traveler's checks can be exchanged at major bank branches.
Approximate prices in China
- Liter of gasoline from 1.5 $
- Short taxi ride from $3
- 1 liter of drinking water from 0.3 $
- Lunch in a cafe from $3
- Bun from 2 $
- Hotel room about $20 per night
Currency exchange in China
Currency exchange is mainly carried out by banks in China. In addition to banks, currency in China can be changed at exchange offices, shopping centers, train stations and some hotels. The best exchange rates in China are usually at international airports.
For currency exchange in China you will need a customs declaration or a bank certificate and a document proving your identity (usually a passport).
Old or torn banknotes are rarely accepted at exchange offices or even refused at all.
Be sure to keep the receipts from the exchange offices, they will be required when
reverse exchange of yuan.
Banking hours in China: officially - 09:00-17:00, break 12:00-14:00
Important! Do not change money from street money changers in markets or other places; you may be subject to administrative or even criminal liability.
In some regions of China, cases of counterfeit yuan have been reported.
Be careful when receiving change in cash in stores and restaurants.
Credit cards in China
Bank cards in China accepted for payment in large restaurants and shopping centers, state department stores, and international hotels.
You can cash out bank cards only at branches of the People's Bank of China; the commission for this operation is about 4%.
When paying for purchases and services by credit card, a special commission fee of 1-2% of the cost is charged. Purchases paid by credit card are usually not eligible for discounts or special offers.
Taxes on goods in China
China has a VAT tax, similar to the Russian VAT (value added tax), it is 17% on goods and some services.
System Tax-Free in China exists, but using this system is quite difficult. There are quite a few shops with a Tax-Free or VAT-Free sign in China. Basically, these are large stores in shopping centers. The TaxFree system does not work in markets or small shops. Another nuance may be that not all sellers working in Tax-Free stores speak English and will be able to issue a purchase receipt.
Return points Tax-Free in China A little. Among them is the Refund Point at Beijing Airport in Terminal No. 3 on the 2nd floor in the domestic arrival hall. In addition, another Tax-Free office in Beijing is located on the 1st floor of the Qinqlan Hotel (Dong SiShi Tiao, 24). In Shanghai, the Tax-Free Refund Office is located at 99 Nanjing Dong Road. The Guangzhou Tax-Free Refund Office is located at Guangdong International Hotel (339 Huan Shi Dong Road). In Hong Kong, you can return money Tax-Free at the bank branch at 10 Des Voeux Road Central.
Banks of China
Banks of China are state-owned or joint-stock enterprises with state participation. Private banks are illegal in China.
Except Central Bank of China, officially called the People's Bank of China, there are development banks and commercial banks.
Development banks were created by the government to develop industries and individual enterprises.
Commercial banks in China work with individual and legal clients. In commercial banks in China you can exchange currency, make a transfer or withdraw money from a bank card.
In addition, foreign banks also operate in China, for example, Citibank and HSBC.
Shopping in China
Prices in supermarkets and large stores are fixed, and you most likely won’t be able to bargain there. In markets and small shops, bargaining is not only possible, but sometimes necessary; this can lead to a discount of up to 50%.
At the restaurant
Tipping in China It is not customary to leave, but in famous restaurants and large hotels you can tip the porter or waiter. The tip in a restaurant is about 10% of the amount. However, if restaurant or hotel employees refuse to tip, then do not try to leave money.
China's currency has many features, and some of them confuse inexperienced tourists. On this page we will tell you a lot of interesting and useful things about money in China.
What is the name of Chinese money?
The currency of the People's Republic of China is called the Chinese Yuan. International currency designation is CNY. The Chinese word “yuan” itself is translated into Russian as “something round” or “round”.
However, in modern Chinese the word “yuan” means money in general. That is, the Chinese themselves often call our Russian ruble as “Russian yuan”, the American dollar as “American yuan”, and the euro as “European yuan”.
The second name for Chinese money is Renminbi, which can be translated into Russian as “people's money”, abbreviated as RMB. The abbreviations CNY and RMB are now actually synonyms. You can see any of them in jars.
The difference between RMB and CNY is that RMB is the general name of the currency, while CNY (yuan) is the name of the base unit. In most countries they are called the same, for example, “Russian ruble” is both the name of the currency and the name of the base unit at the same time. But it rarely happens that they do not coincide. For example, the currency is called “New Taiwan Dollar” and the base unit is “Taiwan Dollar”. The Chinese currency is the most famous example of this mismatch.
On price tags in restaurants and stores, you can see six different designations, all of which will show the price in Chinese currency.
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By the way, since we're talking about Taiwan. Please note that RMB is not accepted in Taiwan, Hong Kong and Macau. Hong Kong has its own local currency, the “Hong Kong dollar,” although officially Hong Kong has recently been a full-fledged part of the PRC. In Macau, the situation is similar - they use their own currency, “pataca”. Taiwan is generally a completely independent state with its own currency, the Taiwanese dollar.
Exchange rates
Officially, the Chinese yuan is freely traded on the stock exchange. In fact, the Chinese government controls its course, using it as a tool to control its economy. For tourists, this situation has its positive sides, since the exchange rate very rarely experiences large fluctuations.
Current Chinese Yuan rates:
What is the Chinese yuan divided into - derived units
The Chinese currency uses a 1-10-10 scheme, which is already unusual. The classic principle is 1-100, for example, 1 ruble = 100 kopecks or 1 dollar = 100 cents. There are also exceptions, for example, according to the 1-1000 scheme or Chinese currency according to the 1-10-10 scheme.
1 yuan is equal to 10 yao (also called jiao). The name of this Asian monetary unit can be translated into Russian as “angle”. This name is used in China, Hong Kong, Macau, and Taiwan.
The cost of a flight always depends on the time of travel. The chart will allow you to compare prices for air tickets from Harbin to Shanghai, track the dynamics of changes in their cost and find the best offer.
Statistics will help determine the season of low prices. For example, in January prices reach an average of 20,305 rubles, and in November the cost of tickets drops to an average of 6,558 rubles. Plan your trip now!
We analyze this information and create charts to make it easier for you to plan your trips.
What is more profitable – to buy air tickets in advance, avoiding the general rush, or to take advantage of a “hot” offer closer to the departure date? The chart will help you determine the best time to purchase airline tickets.
See how the price of air tickets from Harbin to Shanghai changed depending on the time of purchase. Since the start of sales, their value has changed by an average of 170%. The minimum price for a flight from Harbin to Shanghai is 36 days before departure, approximately 6,009 rubles. The maximum price for a flight from Harbin to Shanghai is 2 days before departure, approximately 34,162 rubles. In most cases, early booking helps you save money, so take advantage of it!
Airfare from Harbin to Shanghai does not represent a fixed and constant amount. It depends on many factors, including the day of departure. The dynamics of changes are visible on the graph.
According to statistics, the most affordable option for flights from Harbin to Shanghai is on Wednesdays, their average cost is 7,484 rubles. The most expensive flights are on Tuesdays, their average cost is 20,847 rubles. It is worth considering that flights on holidays are usually more expensive. We hope this information will help you plan your travels more effectively.
The cost of air tickets depends not only on the date, but also on the time of departure. An airline can operate several flights on one day, and they will differ in price category.
The graph shows the cost of departure depending on the time of day. For example, the average cost of a ticket from Harbin to Shanghai in the morning is 17,295 rubles, and in the evening 9,125 rubles. Evaluate all conditions and choose the best offer.
The graph shows comparative prices for air tickets from Harbin to Shanghai on the most popular airlines. Based on this information, you can plan your trip and buy air tickets from Harbin to Shanghai from the carrier that suits you.
Statistics will help you choose a flight based on your financial capabilities, as well as your wishes in terms of comfort and flight conditions. The lowest prices for air tickets from Harbin to Shanghai are offered by Spring Airlines, the highest prices are offered by Juneyao Airlines.