Owais Crawford
Hong Kong has its own currency, the Hong Kong Dollar (HKD), which is different from the Chinese mainland's currency, the yuan (RMB). While some large supermarket chain stores and shops in Hong Kong may accept RMB, the exchange rate is generally poor, resulting in a significant loss compared to using HKD. It is recommended to exchange your money at currency exchange kiosks before making purchases. At Hong Kong International Airport, currency exchange counters are readily available, making it convenient for travellers to convert their RMB to HKD upon arrival.
| Characteristics | Values |
|---|---|
| Currency in Hong Kong | Hong Kong Dollar (HKD) |
| Chinese Currency | Renminbi (RMB) or Yuan |
| Using RMB in Hong Kong | Accepted in some places, not all |
| Exchange rate | Poor, trading at a 20% loss over HKD |
| Shops that accept RMB | Display a sign at the register or in the window |
| Using RMB at Hong Kong Airport | Accepted at some places |
| Currency exchange at the airport | Counters are open from early morning until late at night |
| Best exchange rates in Hong Kong | Tsim Sha Tsui and Nathan Road |
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What You'll Learn
RMB is accepted at some shops in Hong Kong Airport
Hong Kong has its own currency, the Hong Kong dollar (HKD), which is different from the Chinese mainland's currency, the yuan (RMB). While some shops in Hong Kong may accept RMB, it is not as widely used as HKD. As a result, it is recommended that you exchange your RMB for HKD before making purchases.
That being said, RMB may be accepted as payment in some shops at Hong Kong Airport and in large supermarket chain stores throughout Hong Kong. Shops that accept RMB will usually display a sign at their register or in the window. However, it is worth noting that the exchange rate for RMB to HKD is typically poor, with a significant loss compared to the Hong Kong dollar.
If you plan to use RMB in Hong Kong, it may be more convenient to use it in tourist areas, as shops that cater to tourists may be more accustomed to accepting RMB. Additionally, larger chain stores are more likely to provide a fairer exchange rate than smaller shops.
It is important to note that you cannot use RMB for certain transactions in Hong Kong, such as adding value to an Octopus Card or taking a taxi. Therefore, it is generally recommended to exchange your RMB for HKD at currency exchange kiosks or ATMs before making purchases in Hong Kong, including at Hong Kong Airport.
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You can exchange RMB for HKD at Hong Kong Airport
Hong Kong has its own currency, the Hong Kong Dollar (HKD), which is different from the Chinese mainland's currency, the yuan (RMB or CNY). While some shops in Hong Kong may accept RMB, the exchange rate is often poor, and it is generally recommended to convert your RMB to HKD at a currency exchange before making purchases.
Hong Kong International Airport has currency exchange counters that are open from early morning until late at night, so you can easily exchange your RMB for HKD when you arrive. You can also save time by ordering your HKD online via Travelex or Global Exchange and collecting it when you arrive at the airport.
Within the city, currency exchange kiosks can be found in Tsim Sha Tsui and Nathan Road, where competition is high, so you may get a better rate. There are also money shops all over Hong Kong where you can exchange your RMB into HKD with minimal loss.
It is worth noting that while you may be able to use RMB in some larger chain stores and tourist areas, you will need HKD for tasks like adding value to an Octopus Card or taking a taxi. Additionally, RMB is not accepted for public transport. Therefore, it is generally more convenient to exchange your RMB for HKD upon arrival at Hong Kong Airport.
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The exchange rate for RMB to HKD is poor
While it is possible to use RMB in Hong Kong, the exchange rate for RMB to HKD is poor, so it is not recommended. Hong Kong has its own currency, the Hong Kong Dollar (HKD), which is different from the Chinese mainland's yuan (RMB). The exchange rate for RMB to HKD is often unfavourable, with a 20% loss compared to using HKD directly.
Some larger chain stores in Hong Kong may accept RMB at a fair rate, but smaller shops may take advantage of the exchange rate and charge you more. It is always a good idea to check the exchange rate before using RMB in Hong Kong. Additionally, some shops that accept RMB may display a sign at their register or in the window, so keep an eye out for that.
It is recommended to exchange your RMB for HKD at a currency exchange kiosk or office before making any purchases. These can be found at Hong Kong International Airport, as well as in the city, particularly in Tsim Sha Tsui and Nathan Road, where competition may lead to better rates.
Using a credit or debit card is another option, as transactions and ATM withdrawals are generally easy and widely accepted in Hong Kong. International credit cards such as Visa and MasterCard are commonly accepted at larger retailers, hotels, and restaurants.
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Some shops in Hong Kong display their RMB/HKD exchange rate
Hong Kong has its own currency, the Hong Kong Dollar (HKD), which is different from the Chinese mainland's currency, the yuan (RMB) or Macau pataca (MAP). While some shops in Hong Kong may accept RMB as payment, the exchange rate is typically poor, resulting in a 20% loss compared to using HKD. Therefore, it is generally recommended to exchange your currency before travelling to Hong Kong or using ATMs and payment cards while in the country.
Some shops in Hong Kong, particularly large supermarket chains and 7-11 convenience stores, will accept RMB as payment. These shops will usually display their RMB/HKD exchange rate and may put up a notice or use the å…ƒ symbol to indicate that they accept RMB. However, it is important to note that not all shops in Hong Kong will accept RMB, and even those that do may only accept it at par, meaning you will pay the equivalent amount in RMB as the item costs in HKD.
If you are looking to exchange currency, there are several options available in Hong Kong. The airport has money exchange services, such as Global Exchange Travelex, where you can order foreign currencies online and collect them upon arrival. Additionally, there are money shops and currency exchange offices throughout Hong Kong that offer competitive rates for exchanging RMB into HKD. It is recommended to compare rates and fees before choosing a currency exchange service.
It is worth mentioning that Hong Kong is known for its easy payment methods for foreigners. Credit and debit cards are widely accepted, and transactions and ATM withdrawals are generally convenient. Additionally, Hong Kong has a locally innovated payment system called the Octopus Card, which can be purchased at metro station ticket offices or ferry ticket offices and used for payments.
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You can use RMB in some chain stores in Hong Kong
Hong Kong has its own currency, the Hong Kong dollar (HKD), which is different from the Chinese mainland's yuan (RMB) or the Macau pataca (MAP). While some places in Hong Kong will accept RMB, it is not as widely used as HKD.
Some large supermarket chain stores and 7-11 convenience stores in Hong Kong will accept RMB cash. Shops that accept RMB will usually display a notice or put up a å…ƒ symbol. However, the exchange rate is often poor, with a 20% loss compared to HKD. It is better to assume that most businesses do not accept RMB, and you will need HKD for tasks like adding value to an Octopus card or taking a taxi.
If you have RMB, it is recommended to exchange them for HKD at currency exchange kiosks or money changers, which can be found throughout Hong Kong, especially in areas frequented by tourists. Banks also offer exchange services, with HSBC reportedly providing the best rates.
International credit cards such as Visa and Mastercard are widely accepted at larger hotels, retail shops, and restaurants in Hong Kong. Electronic mobile payment apps like WeChat Pay and Alipay are also accepted by some stores and restaurants in tourist areas.
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Frequently asked questions
Yes, you can use RMB in Hong Kong Airport, but the exchange rate is poor, and it is recommended to exchange your money at currency exchanges.
Currency exchange counters are located near the entrance of the airport and are open from early morning until late at night. You can also save time by ordering foreign currencies online via Travelex's website or Global Exchange's website and collecting them on arrival.
The exchange rate varies, but it is generally not favourable for those using RMB. Some sources state that the exchange rate is at a 20% loss compared to Hong Kong Dollars.
RMB may be accepted as payment in large supermarket chain stores, and in tourist areas. Shops that accept RMB will usually display a sign at the register or in the window.
