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Where is it more cost-effective to exchange RMB for Australian dollar in Beijing?
You can go to China Bank in Yabao Road or China Bank in Dongzhimen.

It can be exchanged according to the foreign exchange rate of the day. Just fill out a form, and the amount is very small. Take your ID card and passport.

Bank of China Tel: 95566

Or you can go to the gate of Yabao Road Branch of Bank of China. There are many foreign exchange dealers.

It is higher than the bank, but it can be changed a lot, but it is dangerous.