Budget Travels: The Cheap Yuan

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Olaf Malden

posted on Monday, January 11th 2016 at 23:38

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( Travel Info, Currency )

Recently, the Chinese Central Bank is striving towards devaluating the Chinese Yuan. For many people outside of China earning, having and paying with other currencies this means in turn, that all sorts of services in China are getting cheaper.

Comparing major currencies to the Chinese Yuan within the last year shows a favorable development for travellers going to China from abroad, especially for people paying in US Dollars, Euro and the Japanese Yen. Below an overview of historical exchange rates (status today, 12.January 2016):