dalgirl Posted March 7, 2015 #1 Share Posted March 7, 2015 We plan to purchase Chinese RMB before leaving the US. Is the Chinese RMB used the same as HKD in Hong Kong? If yes, we can avoid purchasing the HKD too? Link to comment Share on other sites More sharing options...
aaabbb Posted March 7, 2015 #2 Share Posted March 7, 2015 Different currency & exchange rate. Link to comment Share on other sites More sharing options...
dalgirl Posted March 7, 2015 Author #3 Share Posted March 7, 2015 Thanks. I was hoping that either would be accepted so that I could avoid getting HKD. Link to comment Share on other sites More sharing options...
Philob Posted March 7, 2015 #4 Share Posted March 7, 2015 Due to some counterfeiting early on, Hong Kongers do not like to accept RMB. The mainlanders would go clean out an Louis V store, pay cash RMB, which later turns out to be counterfeit :eek: Link to comment Share on other sites More sharing options...
Floridiana Posted March 7, 2015 #5 Share Posted March 7, 2015 About counterfeit RMB. I got a counterfeit note in a small village in the middle of nowhere from an old lady. Luckily, the young vendor in the next store noticed and her boyfriend helped me change it back. Big discussion and my mad face did it. :) Link to comment Share on other sites More sharing options...
stowaway2k Posted March 8, 2015 #6 Share Posted March 8, 2015 Very helpful lesson on spotting counterfeit RMB notes: http://www.theworldofchinese.com/2013/04/counterfeit-100-rmb-bill-how-to-tell/ Link to comment Share on other sites More sharing options...
Rare mking8288 Posted March 8, 2015 #7 Share Posted March 8, 2015 (edited) Traveling onward from mainland CN to HK, you can easily exchange remaining unused RMB in Hong Kong for HKD at local bank's regular teller and/or designated foreign exchange counter or at licensed Currency Exchanges all over HK, (rates are posted & any fees disclosed) - upon proper ID, i.e. Passports - and easily withdraw extra funds needed from your US bank (i.e. Citi, HSBC) via ATM debit cards - PINS with 4 digits. There is a small exchange/conversion fee for most ATM cash withdrawl but reasonable & quick - always wise to alert your home bank about travel & possible withdrawl as fraud prevention could block it & never "fun" to call 800#'s from abroad to resolve it. sent from Google Nexus 5/7 via Tapatalk Edited March 8, 2015 by mking8288 Link to comment Share on other sites More sharing options...
TravelMore&More Posted March 8, 2015 #8 Share Posted March 8, 2015 It is pretty common to pay with RMB in HK but they don't like it and don't give you a good exchange rate. Better exchange when crossing the border. Link to comment Share on other sites More sharing options...
dalgirl Posted March 13, 2015 Author #9 Share Posted March 13, 2015 We decided to just get some HKD before we leave . Usually don't bother in Europe , the ATM is fine , but I am not sure how tired I will be to fool around with money exchanges at the airport . But I will keep the counterfeiting in mind when we reach China . Link to comment Share on other sites More sharing options...
Globaliser Posted March 14, 2015 #10 Share Posted March 14, 2015 We decided to just get some HKD before we leave . Usually don't bother in Europe , the ATM is fine , but I am not sure how tired I will be to fool around with money exchanges at the airport .ATMs have reached Hong Kong. Including machines in the exit corridor after customs and before you reach the public meet-and-greet area, so there's no need to fool around with money exchanges. Link to comment Share on other sites More sharing options...
dalgirl Posted March 15, 2015 Author #11 Share Posted March 15, 2015 As Hong Kong is a major financial hub, ATMs everwhere are expected . It really is my exhaustion that has me arriving with cash in hand . I'm not getting currency from the other 4 countries we will visit - ATMs all the rest of the way . A little local currency is just a convenience . Link to comment Share on other sites More sharing options...
Globaliser Posted March 15, 2015 #12 Share Posted March 15, 2015 It really is my exhaustion that has me arriving with cash in hand.Fair enough - but as I said, there are ATMs even before you reach the public area of the airport on arrival. They're the ones I use on arrival if on the previous trip I left Hong Kong with very little cash remaining. Link to comment Share on other sites More sharing options...
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