How to exchange euros for yuan in China

Mondo Finance Updated on 2024-01-28

The euro can be exchanged for ** RMB in China through banks, exchange shops, airports and other channels.

1.Banks: All major banks in the country can exchange euros, but you need to make an appointment in advance, as not every branch has enough euros in reserve. Bank conversions usually charge a fee, but the exchange rate is reasonable. 2.Money changers: In some of the larger cities, such as Beijing, Shanghai, Guangzhou, etc., there are many foreign exchange shops that offer euro exchange services. These exchange shops usually offer a higher exchange rate than banks, but they also require a fee. 3.Airports: There are also some exchange shops that can be found at the airport, but the exchange rates are usually unreasonable and there are high fees to pay. Before exchanging euros, you need to know the exchange rate and exchange fee of the day. You can first inquire about the relevant information of the bank or exchange shop, or check the exchange rate and fee online. At the time of redemption, it is necessary to bring a valid ID and enough cash in euros.

It is important to note that exchanging euros domestically is not the only way. It is also possible to trade foreign currencies through online banking, mobile banking, etc., or exchange euros at banks or exchange shops abroad. However, these approaches require a certain amount of knowledge and experience, and they need to be operated with caution.

In short, the euro can be exchanged for ** RMB in a variety of ways in China, but you need to know the relevant information in advance and operate carefully. It is recommended to choose formal channels for exchange to avoid losses.

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