Usually, in airports, conversion rates are very bad. They will also cost an additional handle fee(60-100RMB). If you need cash for taxi or metro fare urgently, it is better to convert a little money(300 CNY is enough), and come to Shanghai downtown to banks to get much better official rates!
Also, with ATMs in the airport, you can withdraw cash with debit card or credit card. The coversion rate and fee depend on your bank and Visa, MasterCard or AmEx.
BOC(Bank of China) and ICBC are the best choice of banks, more currencies supports, rapid paperwork, rapid and professional cash detecting.
General speaking, banks exchange rate is much better than money changers in airports.
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8 Ways to Exchange Foerign Currencies in China.
Real-time USD/CNY Exchange Rates in China Local Banks
100 USD to CNY(RMB) in 4 Powers
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Money Changers in Shanghai Airports.
No.1 International Currency Exchange(ICE)
Shanghai Pudong Airport(PVG), International Arrivals
+86-21-6835-5786
Mon-Sun: 24 hours
Shanghai Pudong Airport(PVG), International Departure
+86-21-6835-5790
Mon-Sun: 06.30-00.00
China Store Locator
No.2 Travelex
Shanghai Pudong International Airport - Magnetic Train Station
6000 Yingbin Avenue, Pudong District
+86-21-6835-1690
Mon-Sun: 06:00-23:30
Travelex Exchange Rate or
China Store Locator
No.3 United Money
Shanghai Airport, International Arrivals
+86-021-6833-9619
Mon-Sun: 24 hours
UnitedMoney Exchange Rate or
China Store Locator(Need Yahoo translate, Google is unavailable in China)
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