A Guide to Money Exchange in China and Japan

China and Japan are becoming popular tourist destinations in the world. Here is a simple guide that covers both Exchange in Asian countries. Japanther currency in Japan is known as the Japanese yen (JPY). Japanese Yen is equal to 100 cents. In Japan, some large hotels and resorts accept credit cards and do some of the finest restaurants, but most countries prefer cash. You can change money at most banks, post offices and exchange offices. The vast majority of Japanese banks are open from 9-3. To receive the best exchange rate in Japan is better to use traveler’s checks. Only the big retailers, hotels and resorts tend to have traveler’s checks if you must change to make purchases in small localities. The houses of foreign exchange in Japan usually offer a decent rate of exchange. Post offices in Japan, tend to offer decent exchange rate and make some small banks. Hotel rates tend to be high and airports are extremely high. You can use your credit card or debit card at an ATM for the yen, but there are usually free. However, the exchange rate tends to be not so bad. Before going to Japan is better to change a small sum of money, less than five hundred in a U.S. bank for the Japanese yen. Make sure to inform your bank know in advance who will come in Japanese yen, then they can get. Most banks do not have it available for exchange, but they can progress. ChinaThe currency in China is called renminbi yuan, which means that the peoples money (CNY or RMB) RMB is confusing. It is divided into 10 Chiao / jiao or 100 fen. The conversion is 1 yuan = 10 jiao = 100 fen. RMB is available in notes and coins. The cuts include 100, 50, 20, 10, 5, 2 and 1 yuan, 5, 2 and 1 jiao, and 5, 2 and 1 fen. The denominations of coins are 1 yuan, 5, 2 and 1 jiao, and 5, 2 and 1 fen. This can often be quite overwhelming for foreign tourists.

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