Where to exchange money in Kunming
Are you heading to Kunming? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Kunming that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Kunming
Are you heading to Kunming? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Kunming that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Kunming
If you have a need to use cash, here are some recommendations to exchange foreign currency in Kunming.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| Currency Exchange | China, Kun Ming Shi, Xi Shan Qu, CN 云南省 昆明市 西山区 10 米 邮政编码: 650228 | |
| Yameng Currency Exchange | 152 Li Yuan Lu, Xi Shan Qu, Kun Ming Shi, Yun Nan Sheng, China, 650100 | +86 871 6817 7035 |
| Tongjilong Currency Exchange | China, Kun Ming Shi, Guan Du Qu, CN 云南省 昆明市 官渡区 B1 层 邮政编码: 650209 | |
| Tongjilong Foreign Currency Exchange Shuncheng Branch | 2PP4+9JJ D1-01, Wu Hua Qu, Kun Ming Shi, Yun Nan Sheng, China, 650021 | +86 871 6362 0600 |
| Asia Union Currency Exchange | 95 Ren Min Zhong Lu, Wu Hua Qu, Kun Ming Shi, Yun Nan Sheng, China, 650021 | |
| Asia Union Currency Exchange | 2PV9+39Q, Ren Min Dong Lu, Pan Long Qu, Kun Ming Shi, Yun Nan Sheng, China, 650021 | |
| Shenhui Foreign Currency Exchange | China, Kun Ming Shi, Pan Long Qu, CN 云南省 昆明市 盘龙区 北京路 1079 1079号欣都龙城购物中心2A幢 邮政编码: 650221 | +86 871 6551 1599 |
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Chinese yuan rmb rate today
First off, in case you’re wondering something along the lines of “does China use Chinese yuan rmb?”, the answer is yes. The currency in Kunming — and the rest of China— is Chinese yuan rmb
You can also find it written as CNY in currency exchange shops.
What you should know about exchanging money in Kunming
When exchanging money in Kunming or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in China long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Chinese yuan rmb for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in China banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Kunming. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.