Ever since I moved to China at the end of sixth grade, I've always wondered why at times spending 1 RMB is almost equivalent to spending 1 USD. So the purpose of this blog post is to list approximate prices of daily items in both currencies, and see where the exchange rate really lies.
Food Items:
McD Burgers Fried Rice
3-5 USD 10-21 RMB 5-7 USD 5-20 RMB
Bottled Water
1-2 USD 2-5 RMB
Services:
Massage 1(Hr)
30-70 USD 50-100 RMB
Hair Cut
10-25 USD 20-50 RMB
So as you can see, there are quite a few things where the RMB is nearly one for one with the Dollar in. Services is especially true, as the large amount of obtainable labor allows for very cheap prices in manual labor. One dollar, or 6.9 RMB can go a long way here.
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