Going to start buying Chinese Yuan

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  • Slim
    SBR MVP
    • 11-13-08
    • 4722

    #1
    Going to start buying Chinese Yuan
    How much would 100 Yuan cost in USD? Where's the best place to buy it? At an airport?
  • minet123
    SBR Posting Legend
    • 02-17-07
    • 10280

    #2
    If your near a Shopping mall that is a tourist destination(Mall of America,King of Prussia, Edmonton ) they usually have a Currency exchange store/counter but the vig will kill you
    Casino also
    but not sure if they will sell it to you
    Any major bank will but again VIG will kill you
    Comment
    • TexansFan
      SBR MVP
      • 09-06-06
      • 3367

      #3
      Originally posted by Slim
      How much would 100 Yuan cost in USD? Where's the best place to buy it? At an airport?
      Why if I may ask? Investment?
      Comment
      • jayc88
        Restricted User
        • 12-30-07
        • 6785

        #4
        yuan is undervalued, chinese government is accused of manipulating their own currency.
        Comment
        • yahoonino
          SBR MVP
          • 08-10-07
          • 2651

          #5
          give to me
          Comment
          • TexansFan
            SBR MVP
            • 09-06-06
            • 3367

            #6
            Originally posted by jayc88
            yuan is undervalued, chinese government is accused of manipulating their own currency.
            The Renminbi is tied into the value of the U.S. dollar.
            Comment
            • 13th Inning
              SBR Wise Guy
              • 08-05-08
              • 878

              #7
              Forex?

              Comment
              • maersksealand
                SBR MVP
                • 09-17-09
                • 1673

                #8
                Originally posted by Slim
                How much would 100 Yuan cost in USD? Where's the best place to buy it? At an airport?
                Wells Fargo sells this currency...or, I'm not kidding, try eBay. I would start with eBay...no kidding
                Comment
                • TexansFan
                  SBR MVP
                  • 09-06-06
                  • 3367

                  #9
                  Try China, they have a lot..
                  Comment
                  • Slim
                    SBR MVP
                    • 11-13-08
                    • 4722

                    #10
                    Originally posted by TexansFan
                    Why if I may ask? Investment?
                    Sort of. The US dollar is losing value everyday because Obama printed so much of it. The Chinese Yuan holds its value pretty well.
                    Comment
                    • TexansFan
                      SBR MVP
                      • 09-06-06
                      • 3367

                      #11
                      Originally posted by Slim
                      Sort of. The US dollar is losing value everyday because Obama printed so much of it. The Chinese Yuan holds its value pretty well.
                      Gotcha, thanks for replying.
                      Comment
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