It is quite easy to exchange money in China, and the rates will be more favorable. However, it is a good idea to exchange a small amount of money in your country of origin before leaving for China. The exchange rate is changing all the time, and a good idea is to refer to an online currency converter for the latest rate. Travelers can exchange the unused Renminbi for United States dollars when they return home.
Usually, four-star and five-star hotels offer exchange service, but only for their guests. Banks are the preferred locations for currency exchange, and do not forget to bring your passport, which must be presented when converting currency in the country.
Always choose a bank nearest to your hotel if you are going to exchange a large amount of money. Do not exchange money in the street or the small shops in the area, both of these practices are illegal and in some cases, fake money has been given by the currency changer.
Please note that it may be difficult to exchange currency or use a credit card in remote areas, so remember to bring cash with you.