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sasa

The cost of my trip

sasa asked 3 months ago. Tags: The cost of my trip

What effect does the revaluation of the Chinese currency (Renminbi) have on the cost of my trip?

 

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lavender0108 answered at 3 months ago

The Renminbi was revalued against the US Dollar and other currencies by about 2%. This means that these currencies are now worth approximately about 2% less when converted to the Chinese currency. The simple way to explain the effect is that the cost of your trip will be increased by about 2% and you will receive less money when you exchange foreign currencies for the Renminbi.

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