Renminbi is converted into dollars at the spot exchange rate. Dollars are converted into RMB. If you want to transfer money, buy it in cash. If you want to withdraw cash, buy it in cash.

Example: 100 yen can be exchanged for 5. 1905 RMB (transfer: spot purchase price).

5.232 1 RMB convertibility 100 yen (transfer: cash selling price).

Related instructions

When a bank sells foreign currency, the price of cash is the same as that of cash. When buying foreign currency, the price of cash is higher than that of cash.

You need to bring your ID card and account book to exchange foreign exchange, but not all outlets undertake exchange business. Bank outlets that can exchange foreign exchange will have green currency exchange signs. If you are not sure, you can ask the staff.

At present, the domestic foreign exchange quota is at most $50,000 per person per year or other forms of foreign currency. If it exceeds the quota, you need to go through some special application procedures. Of course, you can also exchange it with someone else's quota.