In Nepal to spend any money is only effective

January 28, participated in the Nepal ctrip 9 classic tour, a journey rather pleasant, leaving many happy memories.

Since I was a bank clerk, on a variety of currency exchange rate comparison between interest and therefore pay particular attention to the various currencies in Nepal, here is my personal experience to share with you.

How to change money

In Nepal, I go through the regular channels of the Bank to 1 US dollar = 6.8543 Yuan price for a private purchase business.

Because of prior knowledge in Nepal USD and RMB may use only a portion of your own expense to pay u.s. dollars in cash, only for $ 600, and then bring the 2000 Yuan RMB.

On the day of arrival, l, the Guide took us to the lakeside area, a tailor shop hung up a piece of MONEY CHANGE sign, that they accepted currencies, exchange rate of 1 US dollar = 76.5 rupees, 1 Yuan = 10.5 rupees.

Shop owners and tourist guides say the price is higher than the outside of the exchange price slightly higher, but I first arrived, need some local currency standby, so decided to change some change, but you do not know what exactly is the market price, so it is not going to change too much. Simple mental arithmetic a bit, here's the dollar and RMB exchange rate = 76.5/10.5 > 7, significantly higher than domestic, and therefore must be compared with dollars rupees, so I use cost-effective 10 USD changed 765 rupees.

How to spend money

Example 1:

The second day of shopping when bought some scarves and shawls, bargain down many times, the final price is 1000 rupees, as I have previously spent part of the rupee, and then go to the Exchange, the shopkeeper asked whether can pay USD or RMB, the storekeeper accepted.

I had already noticed that the exchange rate CHANGE MONEY on the street is 1 USD = 76.02 rupees, 1 Yuan = 10.14 rupees. The shopkeeper calculation down dollar price is 1000/76 = $ 13.16, Yuan price is 1000/10 = 100 Yuan. At mental arithmetic a bit, even if 1 dollar = 7 RMB, US dollar and only 13 91 Yuan, pay RMB than paying the US dollar. But the dollar payment but also to omit numbers after the decimal point (as in domestic convertible dollar minimum par is 1 dollar notes, no cents coins), and can therefore invisibly underpayment a few rupees (US $ 13 * 76 = 988 rupee), I finally paid $ 13.

Return to hotel after me calculated in detail using a mobile phone a bit:

If you pay: RS. 1000 rupee = 1000/10.14 = 98.62 Yuan

(If this 1000 rupee denominated by: 1000 rupee = 1000/76.02 * 6.8543 = 90.16 RMB, this talk directly to pay almost $, visible or available dollars worth Rs.)

If you pay in US dollars: $ = 13 * 13 6.8543 = 89.11 Yuan

If you use the Renminbi to pay: 1000/10 = 100 Yuan

Payment in u.s. dollars than RMB payment savings (100-89.11)/100 * 100% = 10.89%

Visible for dollars is the most savings, savings rates up to 10%.

Example 2:

Later in the buy album and when I do the postcard.

770 rupee then due, synthetic dollar = 770/76 = $ 10.13, I finally paid $ 10. Also compare:

If you pay: RS. 770 rupee = 770/10.14 = 75.94 Yuan

(If this is US $ 770 rupees to: 770 rupee = 770/76.02 * 6.8543 = 69.43 Yuan)

If you pay in US dollars: $ 10 = 10 * 6.8543 = 68.54 Yuan

If you use RMB payment: 770/10 = 77 Yuan

Payment in u.s. dollars than RMB payment savings (77-68.54)/77 * 100% = 10.99%

Summary

1, Nepal local most cases rupees, US dollar and RMB are used, only the individual stores may say you don't know, so it is best in the country to exchange a certain number of dollars, but not too much.

Since I am a person with tuanyou or SHOPPING in Nepal, so in a big way in advance only for the $ 600, which flew at Everest 160 dollars (strongly recommended), rafting tour tips $ 50, $ 48, airport departure tax of around US $ 23 (1700 rupees), the other for shopping, eating, traffic and ad-hoc tips etc were about $ 200, $ 120, left only a little change of RMB.

If you previously had too many dollars, with no fall back into RMB, were unnecessary exchange rate losses.

Because the exchange rate is at every moment in the fluctuation of the Bank have the purchase price and selling price (Note: Bank buy sell and our direction is reversed), the purchase price is lower than the selling price, the Bank always buy low and sell make the difference, so even if the hypothetical exchange rate fixed, when you use RMB perfect element (buy dollars, by selling price) then immediately reuse these dollars back to the Yuan (US $ sold, the purchase price), the hand of the RMB has more than paid to money to small, price differences will be made to the Bank. So when you do not want to back out of the dollar currency, only when the dollar and the appreciation of the space to cover bank earnings go to the post, you can not subject to exchange rate losses, or otherwise, even if the depreciation of the dollar is not always there will be some loss of it.

2, Exchange rupees can rarely when some spare cash.

In GermanFull of Thai Meier area and the Lake District, l two foreigners shopping up, labeled with the CHANGE of MONEY changers are everywhere, and daily exchange rates, entirely ad swap, if not off and then RS to swap in USD or RMB not so easy, it is said that there is a limit to how provision is less clear.

3, in the place where you can use the dollar as far as possible, with the dollar check general shop accept u.s. dollars.

4. when the rupee is insufficient and USD or RMB mashup using, of course, please contact the shopkeeper full communication with the calculator demo (calculator is an essential tool, Nepal businesses almost every family has one).

For example I sit TAXI, cope with 200 rupees, did so many rupees, it paid the $ 2 plus 50 rupees.

In the last SHOPPING before departure, in order to hand out the rupee, bought some souvenirs, cope with 1000 rupees eventually paid the tea of 10 USD + 240 rupees, cope with 700 rupees CD finally paid $ 515 rupee + 1 + 10 Yuan. Of course, this time there is no way like as above is then carefully. (The day's exchange rate 1 US dollar = 75.87 rupees, 1 Yuan = 10.69 rupees, if you are interested, you can try to figure out what I really suffer or advantage:))

5. departure last frenzied SHOPPING, please remember that the airport tax 1700 rupees ready.

6, in addition to ctrip pay tour with credit card payment online, I do not use credit card Nepal local.

In the local merchants that accept credit cards, but some are not very common, and therefore recommend the use of cash.

7, the current exchange rate 1 US dollar = General in 76 ~ 77 rupees, 1 Yuan = 10 ~ 11 rupee fluctuation between.

The above are my few days in Nepal that some experience, hope to be able to help.

Of course, due to exchange rate fluctuations of the every day, all of the above calculation and the conclusions are now under the conditions of the exchange rate. If you cannot travel anterior look at domestic rates and exchange rates, Nepal local will be able to spend the least amount of money to do most things.