Cash is still the most used form of payment in China, therefore if you are planning a trip you can buy Chinese currency from The Currency Club at the interbank GBP to RMB exchange rate with no hidden charges.
The Chinese Yuan also known as the Chinese Renminbi is the official currency of China.
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*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
*Your potential saving has been calculated using our exchange rate and the most expensive provider's rate in the market at a given point in time.
The more Chinese yuan that you order the lower the fee. You can order up to £7500 worth of Chinese Renminbi for next working day delivery.
The currency known as the Renminbi or more internationally recognised as the Yuan is the official currency of the People's Republic of China. The term of Renminbi and Yuan is similar to the UK terminology of Sterling and the pound, where Sterling is the term to describe the British currency and the pound is described as the unit of currency.
The Chinese Yuan Comes in a variety of bills. We at The Currency Club tend to see 100, 50, 20, 10, 5, and 1 bills.
When you buy your Chinese currency from The Currency Club, we will do our best to match your currency denomination preference however we cannot guarantee this. Please click here if you would like to place your order.
Start your initial search online. Online licenced currency providers generally have much lower operating overheads than high street providers and the banks which means you are likely to get the best pound rmb deal online.
Remember that GBP to RMB is quoted from most UK providers as one pound is equal to an amount in Chinese Renminbi. The higher the rate of exchange the more Chinese Renmimbi / Yuan that you receive.
Remember most providers hide the fees that they charge within the pound to RMB exchange rate so always make sure that you calculate the overall cost for a fixed amount of Chinese Yuan / Renminbi and this will help you find the best deal.
Use The Currency Club comparison table to check the best rate that you are receiving for pound to RMB and get the best deal on your Chinese travel money.
If you are travelling to an area of China where you have not visited before, then it is not advised to buy travel money there unless you purchase from a bank or licenced money service provider. Be warned though it may end up costly.
The dilemma is also that there is a great deal of forged 100 Chinese yuan notes in circulation in China. Some of which are known as super fakes. Therefore its advisable that you have enough Chinese yuan for the duration of your entire trip and buy in advance online