Aug 12 2008
The Real Value of Chinese Yuan RMB
Cost of living in Beijing
The romanised symbol is ¥ while in Chinese it is also written with the character 元. As of August 2008, 100 Chinese Yuan (RMB or CNY) equals to 14.5811 USD, 9.71331 EUR, 15.5370 CAD, 16.3896 AUD, 7.59939 GBP or 1,602.14 JPY.
Many economists believe that Chinese Yuan has become undervalued in the international currency exchange market. Chinese exports is costing too little in international markets, and imports from abroad is costing the Japanese too much. Chinese Yuan is slowly appreciating against the US Dollar and other major currencies of the world during the past two years. Not quite sure if this appreciation is a good thing for ordinary Chinese people overall in short term and long term. But in the market for domestic goods, the purchasing power of Chinese Yuan has been definitely declining during the past two years.
Let’s see the real value of Chinese Yuan in Beijing as of August 2008. (Price may vary at different stores and will definitely change in the future).
- 550ml mineral water: 1 Yuan
- 120g instant noodle: 3.5 Yuan
- 250ml milk: 2.25 Yuan
- 355ml Coca-cola: 2.5 Yuan
- 100g Lays potato chips: 5.1 Yuan
- 56g(40 pieces) chewing gum: 8 Yuan
- 355ml Beijing local Yanjing Beer: 2 Yuan
- 330ml Imported Heineken: 8.5 Yuan
- A BIG MAC Burger: 10.4 Yuan
- One Apple Pie in MacDonald’s: 3.5 Yuan
- Beijing Subway Ticket: 2 Yuan
- Beijing Bus Ticket: 1 Yuan (Without a bus pass)
- Taking Beijing Taxi for 1km: 2 Yuan
- One ticket of the Forbidden City: 60 (Peak) 40 (Shoulder and low)
- 250g oatmeal: 33 Yuan
- 1kg salt: 2 Yuan
- 5kg Corn Oil: 100 Yuan
- 1.6g*20 Lipton teabag: 13 Yuan
- 400g Thousand Island dressing: 10.5 Yuan
- 100g Nestle Instant Coffee: 32 Yuan
- 200g domestic cheese chips: 15.8 Yuan
- 5kg Chinese Rice: 35 Yuan
- 500g imported Pasta: 10.6 Yuan
- 1kg fresh salmon meat: 216 Yuan
- 1kg chicken breat: 23.6 Yuan
- 1kg chicken leg: 25.6 Yuan
- 1kg carrot: 6 Yuan
- 1kg potato: 7.8 Yuan
- 1kg imported banana: 8 Yuan
- 1kg imported kiwi fruit: 43 Yuan
- 20 eggs: 21 Yuan
- 500ml soybean milk: 4.3 Yuan
- 1 Regular Colgate Toothbrush: 7.5 Yuan
- 140g Regular Colgate Toothpaste: 7.5 Yuan
- 400ml Head & Shoulder Shampoo: 37 Yuan
- 145g 10 Pcs Toilet paper: 23.5 Yuan
- 52Pcs Pampers Diaper: 87 Yuan
What can you buy with 100 Chinese Yuan? How much do you need to survive in Beijing for one month?
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