Taking RMB, Won, or USD to China from South Korea?

Which will be most cost effective and/or least hassle (in view of the fact that the RMB and won are higher against the dollar these days)?





1. Converting Korean won from my Korean bank to USD before leaving for China and then converting to RMB to deposit in a PRC bank?


2. Converting Korean won from my Korean bank to RMB before leaving for China and depositing in a PRC bank? OR


3. Withdrawing Korean won and taking to China to convert to RMB as a savings account deposit?|||Your best choice #2 OR # 3 especially when you have a debit card with UNION Symbol in it so you can used it for shop, eat and redraw money from any ATM bank. That way you don't have to worry about bringing how much cash with you all the time plus some popular place accepting Union debit card same as any Debit card or Credit card. when you need more info just search for union card or ask your bank how to get a Debit Card with a Union symbol.|||Use 1 or 3. It is more convenient to bring USD and covert to RMB in China cos I belief USD rates are better, more competitive.|||all are right.


I'm a Beijing guide. so i an tell you:





you'd better take your credit card and some cash,


when you arrival Beijing airport, you can exchange your money to RMB, keep the account bill, when you back home, you can exchange RMB to your money with the account bill.


have a nice trip.|||Option 2 is the best,





Option 3 is also good as the Won is easily convertible in the Banks in China.|||Whatever currency you bring they will change but in the bigger branches,one thing you must do is bring notes with no righting,no tears and as new or they will just give it back to you,they are very fussy on this.i have changed money here many times,so now ask the bank for new notes less hassle.On cash you get the lowest exchange rates,as of your credit card you get charged in China to use it and by your bank charge you again,so not always cheap that way.As of hotels there rates are lower than the bank's.|||I don't think you can convert anything to or from RMB outside of China. I think it's also difficult to find a bank that converts foreign currencies other than USD. They exist, but the process is slow and complicated.


But any bank can convert USD into RMB for you.|||If you want convenience, convert to USD dollars. This way, you can convert to RMB anywhere in the country, including many hotels.





However, converting Won to RMB will only be a minor hassle and you eliminate some currency exchange risk. Most banks will allow you to convert Won to RMB, but you might get referred to a larger branch in some areas when converting currencies other than Euro, Yen and USD.





If you do open a bank account, I highly recommend China Merchants Bank. There service is far above that of the State-owned banks and the wait is much, much shorter.





Converting Won to RMB is particularly easy in Beijing and in provinces that border Korea (Dongbei) due to large Korean populations.





Have fun in China.