Studying abroad is a long process. In recent years, the exchange rate of mainstream currencies in the international market continues to fluctuate, so families studying abroad need to pay attention to the international market and exchange rate trends, and also need to take some measures to avoid exchange rate risks.

"If the annual income is relatively low, working families who choose to send their children abroad to study can reduce the one-time purchase of foreign exchange." Zhang Chong, deputy director of the retail banking marketing department of CITIC Bank, said that the foreign exchange needed for tuition and living expenses will be purchased regularly by purchasing foreign exchange in batches. If various expenses can be paid in a decentralized way, they should be paid in a decentralized way as far as possible to balance the cost of purchasing foreign exchange. In addition, banks can choose foreign currency wealth management products to hedge exchange rate risks.

Bankers suggest that you can also use international credit cards and other consumption tools to spend on demand abroad. Families studying abroad can use RMB to purchase foreign exchange for repayment in China, so as to avoid buying a large amount of foreign exchange in advance. With the relative depreciation of RMB, this installment repayment method is particularly important.