When foreign currency needs to be paid after foreign currency transaction, RMB is converted into foreign currency for payment, which is called purchasing foreign exchange. Buying foreign exchange is a transfer transaction, that is, using the local currency in the account to exchange foreign currency, which is equivalent to foreign exchange trading. The converted foreign currency is still in the account or bank card, and no cash has been withdrawn.

Just understand the exchange rate of purchasing foreign exchange as the exchange rate.

Yongwo Fortune Foreign Exchange Trading Platform reminds you that investment needs to be cautious.

Some credit cards are dual-currency cards of RMB-USD and RMB-Euro. After such credit cards are swiped on overseas non-UnionPay networks, the transaction amount will be recorded in US dollars or euros. If you have dollars or euros on hand, you can pay back the credit card directly, but if you don't have foreign currency, you need to deposit it in RMB to purchase foreign exchange for repayment. Before the due repayment date, deposit enough RMB, and on the day of deposit, call the customer service hotline or handle the repayment of foreign exchange through online banking, official micro and other channels (use RMB to buy US dollars or euros, and the exchange rate is the selling price of CCB dollars (or euros) on the day of purchase), and purchase foreign exchange in full, that is, how much foreign currency is owed in the bill. In order to enjoy the interest-free treatment of consumption, foreign exchange is generally purchased in full.