Where to exchange money in Yiwu
Are you heading to Yiwu? 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 Yiwu 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 Yiwu
Are you heading to Yiwu? 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 Yiwu 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 Yiwu
If you have a need to use cash, here are some recommendations to exchange foreign currency in Yiwu.
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 |
|---|---|---|
| International Business & Trade City | China, Zhe Jiang Sheng, Jin Hua Shi, Yi Wu Shi, Chou Zhou Bei Lu, 宾王路158号 邮政编码: 322023 | |
| District 2 International Trade Mart | 84P4+2GM, Chou Zhou Bei Lu, Yi Wu Shi, Jin Hua Shi, Zhe Jiang Sheng, China, 322023 | |
| State Administration of Foreign Exchange Yiwu Branch | 112 Huang Yuan Lu, Yi Wu Shi, Jin Hua Shi, Zhe Jiang Sheng, China, 322000 | +86 579 8545 9286 |
| Yiwu ShangCheng Hotel | 180 Jiang Bin Zhong Lu, Yi Wu Shi, Jin Hua Shi, Zhe Jiang Sheng, China, 322000 | +86 579 8545 8888 |
| Yiwu International Mansion | 218 Bin Wang Lu, Yi Wu Shi, Jin Hua Shi, Zhe Jiang Sheng, China, 322023 | +86 579 8527 7777 |
| Byland Star Hotel | 300 Chengbei Road (Chengbei Lu), 义乌市 Yiwu, China, 322023 | +86 579 8996 8888 |
| Sultan Restaurant | Yiwu, Jinhua, China, 322023 | +86 579 8554 7471 |
| 工行义乌支行 | China, Zhe Jiang Sheng, Jin Hua Shi, Yi Wu Shi, 篁园路128 邮政编码: 322000 | +86 579 8545 9013 |
| State Administration of Foreign Exchange Dongyang Branch | 74 Ren Min Lu, Dong Yang Shi, Jin Hua Shi, Zhe Jiang Sheng, China, 322135 | +86 579 8664 1694 |
| State Administration of Foreign Exchange Pujiang Branch | China, Zhe Jiang Sheng, Jin Hua Shi, Pu Jiang Xian, 中山北路FW22+C24 邮政编码: 322299 | +86 579 8412 4597 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Chinese yuan rmb rate today
The accepted currency in Yiwu and across China is the Chinese yuan rmb.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the Chinese yuan rmb is CNY. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Yiwu
When exchanging money in Yiwu 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. 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.
2. Research 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. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. 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.
Currency exchange bureau who?
Forget all about walking around the city in search for fair exchange rates for a low fee.
With a Wise Account you can access over 70 currencies wherever you are - and all with a single card.
And what's even better, at the mid-market exchange rate. Low fees and fair rates all around the world, that's the Wise way!
Get started today
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Yiwu. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
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.