The Chinese Yuan rates below were last updated 4 minutes ago
If you're travelling to China soon you'll want to get the best deal on your Chinese Yuan. Our free comparison service compares the best Chinese Yuan rates from the biggest currency suppliers in the UK so you can see at a glance who is offering the top deals. We are currently comparing 22 suppliers selling Chinese Yuan in the UK with exchange rates ranging from 7.4568 to 7.9812.
But wait, it gets better! Many of the top suppliers listed above offer us exclusive exchange rates that are better than any other website which means if you order through us you could save even more money. We are so confident that you won't find better Chinese Yuan exchange rates on any other UK website that we challenge you to let us know if you find a better deal!
It is very difficult to summarise China. In a nation of billions of people where provinces are the size of countries; no short description can offer a succinct explanation of what this empire has to offer. The areas most likely to be visited by European and British travellers are Beijing, Shanghai, Hong Kong, Macau and Guangzhou – so it is no coincidence that these are by far the most expensive places in China to visit. Nearly 600,000 British tourists visit China each year. If you want to see these iconic places you should budget around ¥500 CNY (£55) or more a day just for food and accommodation per person.
Counterfeit bank notes, especially the RMB100 note, are becoming common. They are normally "used" or crumpled to avoid detection. Unscrupulous traders will try to swap genuine bank notes for counterfeits. Ask in the bank or where you change your money how to identify fake notes. Check before accepting notes – it is quite normal to do so.
ATM Machines are common in Beijing on mainland China and in Hong Kong and Macau. Outside of these areas they are harder to find and credit cards are certainly less widely accepted as the Chinese have a cultural aversion to credit which means cash usually reigns king.
The Yuan is also widely traded on the currency markets. All UK banks and bureau de change stock the Yuan as it is such an important business currency. This means that the best exchange rates can be very competitive as there is a lot of choice available. The average order value we see is for about £850 (6,784.02CNY, as of Wednesday 26th of October 2016) based upon data from 1st of July to 30th of September 2016, worth of Chinese Yuan with them when visting China. That is up from about £950 (about ¥9000) in 2013).
British passport holders need a visa to enter mainland China, with the exception of Hong Kong and Macao. China are very strict on their immigration policies and you must obtain a visa before you travel - see the Chinese Embassy website for more information on how and where to apply.
If you visit Hong Kong while in China you will need a visa that allows you re-entry back into the mainland.
Within 24 hours of your arrival in China you must register your place of residence with the local Public Security Bureau. Foreigners' documents are regularly spot-checked and you may be fined or detained if you fail to comply with this requirement. If you are staying in a hotel you are automatically registered as part of the check-in process.
Over the past week the Chinese Yuan has dropped by 0.51% from last Thursday's rate of 8.0219 to today's rate of 7.9812 which means £750 will buy you ¥30.52 less now than it would have a week ago. During this period the best rate we recorded was 8.0257 on Tuesday and the worst rate is 7.9812 recorded today.
The 90 day outlook has seen the Chinese Yuan rate drop by 6.08% from 8.4979 on 31st July 2016 to 7.9812 today. Based on these figures, £750 would have bought you ¥387.52 more three months ago that it would have today. We recorded a high rate of 8.6642 on 7th September 2016 and a low rate of 7.9533 on 13th October 2016.
Compare Holiday Money are partners of the Foreign & Commonwealth Office Know Before You Go campaign which provides official government advice for British travellers heading abroad.
The FCO release travel alerts containing important information for travellers to any countries where the safety or security of British citizens is at risk.
Updated: 24th October 2016
Latest update: Summary – removal of information and advice on Typhoon Haima
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