As of 10:28 CDT 1 US Dollar = 0.1278 CY China has a very low cost of living compared to the US (the daily wage scale is much, much lower than the US). I honestly do not think it is a really good idea to take $2k when i travel as its much easier than dealing with currency changers (if you have a decent read more
The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. It's known locally as a buck or greenback. read more
From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately 8.3 CNY to 1 USD. In 2005, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to 8.1 Renminbi per US dollar. read more