With the improvement of people's living standards, it is no longer difficult to travel abroad. However, there is a way to achieve the most cost-effective exchange rate and minimize exchange rate losses. At the same time, the foreign exchange rate of each bank is different. Understand foreign exchange first, and then exchange it. At present, there are two main ways of exchange, one is through the bank exchange, and the other is through the Internet exchange platform. The advantage of bank remittance is that it is safe and comprehensive, and foreign exchange can be accessed. The advantages of exchanging on the Internet platform are convenience and high preference.

As the most internationalized commercial bank in China, all branches of Bank of China in China provide personal foreign exchange and foreign exchange purchase services. At present, the Bank of China can provide up to 25 kinds of currency exchange services at the counter. Mobile banking and other electronic channels support up to nine kinds of commonly used foreign currencies, including British pound, Hong Kong dollar, US dollar, Japanese yen, Canadian dollar, Australian dollar, euro, Swiss franc and Singapore dollar, which fully meet the exchange needs of customers.

After expanding the one-day exchange rate fluctuation range of RMB, we need to pay more attention to exchange rate fluctuation when we exchange foreign currency through banks. In the future, with the frequent fluctuation of RMB exchange rate, the spread of RMB exchange rate may be large at different times of the day, so consumers need to pay more attention to the change of exchange rate before exchange and determine the appropriate exchange rate in advance. In addition, in order to transfer exchange rate risk, banks may increase the price difference between buying and selling currencies in the future, which is also a factor that consumers need to consider when exchanging currencies.

At the same time, the exchange rate will be displayed in the bank lobby in a rotating way, usually updated every minute, but this method may no longer be applicable because of the increasingly frequent fluctuations of the RMB. Analysts at Baiyin Exchange Rate Network believe that the RMB exchange rate will change faster and faster in the future, and may even change immediately. It is more appropriate to use the foreign exchange function of online banking or mobile banking. Real-time changes in foreign exchange quotation of online banking. Consumers can track changes in exchange rates. If the price is right, they can make a deal immediately. If you need to exchange foreign exchange abroad, it is best to exchange a certain amount of dollars at home and then exchange them into local currency abroad, which can reduce a lot of exchange rate losses.