The settlement of foreign exchange in US dollars refers to the settlement in US dollars.
Question 2: What is the settlement price? Settlement of foreign exchange means that customers sell their foreign exchange to banks. In this transaction, the bank is the buyer of foreign currency, so the buying exchange rate is used. (From the bank's point of view, the exchange rate can be divided into buying exchange rate and selling exchange rate). Therefore, if US dollars remitted from foreign banks need to be converted into RMB at home, they should be settled according to the spot purchase price of US dollars.
The so-called buying price or selling price is from the perspective of banks. Banks pay foreign exchange income in RMB, that is, buy foreign exchange and execute the purchase price. When a bank pays RMB for foreign exchange, it sells foreign exchange and executes the selling price. If the settlement of foreign exchange is not cash but foreign exchange cash, the cash purchase price shall be implemented. The middle price is only a symbolic price, which is used for enterprise bookkeeping, etc. This price is not used in the actual settlement of foreign exchange.
Question 3: What does it mean that RMB in 5 yuan is settled in US dollars? Is to convert the 50,000 dollars in your account to be verified into RMB and transfer it to your RMB account.
Question 4: What does it mean that enterprises can add some points to settle foreign exchange? Adding points is generally forward settlement and sale of foreign exchange. The bonus points are based on the middle price of safety listing on that day, and+120 is divided into +0.2 based on the middle price of listing. Here, a point =0.0 1 corresponding 100 currency units. For example, the central parity of the US dollar is 682, and+120 points means+1.2 on the basis of 682, not on the basis of 6.82.
Question 5: What does the settlement of capital mean? The registered capital of a foreign-invested enterprise is usually remitted into an account opened by an overseas investor in foreign exchange, and this part of the capital needs to be converted into RMB for domestic use. This action is called capital settlement.
Question 6: What do you mean by dollar settlement? It is short for settlement of foreign exchange. It can be divided into two situations: individual settlement and enterprise settlement. It must be handled in a bank or online bank. At present, many banks in China can handle it.
The settlement of foreign exchange in US dollars refers to the settlement in US dollars.
Question 7: How to settle foreign exchange after receiving US dollars? If you are an individual, you can settle foreign exchange under $3,000 through online banking! Not only that, but also you need to go to the bank to fill in the materials. Note that the income source column cannot be commercial, otherwise it is impossible to settle foreign exchange.
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Question 8: What is the difference between bank settlement of US dollars and exchange of US dollars? Personal settlement of foreign exchange refers to the business of converting foreign currency into RMB according to the real-time quotation of our bank on the day of compliance with the provisions of the State Administration of Foreign Exchange. No matter whether it is a domestic individual or an overseas individual, no matter what, each person can settle foreign exchange equivalent to 50,000 US dollars (inclusive) every year with his/her valid identity document. Where "every year" is the Gregorian calendar year, from 65438+ 10/to 65438+February 3 1. For the settlement of foreign exchange exceeding the annual total equivalent of US$ 50,000, it shall be handled as follows: 1. Non-operating settlement of foreign exchange under the current account of domestic individuals exceeding the annual total amount shall be handled at the bank with their valid identity certificate and the following supporting materials (copies are required): (1) Donation: notarized donation agreement or contract. Donations must comply with state regulations; (2) Family support: proof of immediate family members or notarized proof of support relationship, and relevant income certificates of overseas payers, such as bank deposit certificate and personal income tax payment certificate; (3) Income from inheritance: inherited legal documents or notarial certificates; ? (4) Insurance foreign exchange income: insurance contracts and payment vouchers of insurance institutions, and foreign exchange insurance must comply with state regulations; (5) Income from exclusive rights use and franchise: payment voucher, agreement or contract; (6) Income from legal, accounting, consulting and public relations services: payment certificate, agreement or contract; (7) Employee compensation: employment contract and income certificate; (8) Income from overseas investment: foreign exchange registration certificate for overseas investment, profit distribution resolution or dividend payment or other income certificates; (9) Others: relevant certificates and payment vouchers. 2. If the foreign individual's non-operating foreign exchange settlement under the current account exceeds the annual total, he/she shall go to the bank with his/her valid identity certificate and the following supporting materials: (1) Rent: house lease contract, invoice or payment notice registered by the housing management department; (2) Living expenses: contracts or invoices; (3) Medical and study expenses: proof of domestic hospital (school) fees; (4) Others: relevant certificates and payment vouchers. Personal purchase of foreign exchange refers to the business that domestic or overseas individuals convert RMB into foreign currency according to the real-time quotation on the day of purchase of foreign exchange by our bank on the premise of complying with the provisions of the State Administration of Foreign Exchange. If the total amount of foreign exchange purchased by individuals in China is equivalent to 50,000 US dollars or less, they can only use their legal identity documents.
Question 9: How does the US dollar foreign exchange settlement bank settle the RMB exchange rate? In foreign exchange settlement, the bank's foreign exchange quotation will have different prices. The spot foreign exchange quotations of major banks include spot foreign exchange buying price, cash buying price, selling price and the middle price of foreign exchange trading, which will be refreshed at different time periods, about every few minutes. From the update frequency of the release time, we can know the exchange rate updates of various banks, and some banks will also have discounted prices. Many friends who have never been exposed to foreign exchange settlement don't know what these names mean. Why is it that when you go to the bank to exchange or settle foreign exchange, it is not the high exchange rate you want, but another low exchange rate? Not only do friends who have never been exposed to foreign exchange settlement don't know the meaning, in fact, even those factories or trading companies that have been engaged in foreign trade business and import and export for a long time sometimes don't quite understand what exchange rate banks use to calculate their foreign exchange and RMB settlement. Tianjie International has been engaged in import and export trade for a long time, and often needs to go to the bank counter to do non-cash business such as foreign exchange settlement and payment. Through the contact process of foreign exchange settlement and payment, we gradually understand the meaning. Here are some easy-to-understand explanations of common names. This easy-to-understand explanation is also a way we often explain to our customers, and customers can understand the truth as soon as they listen. First of all, let's study what are the "buying price" and "selling price" of banks. When these two foundations are clarified, there is nothing difficult to understand. Let's make a scene setting: imagine the bank as a seller and you are a buyer. The bank deals with you. What you buy and sell is currency, which can be US dollars, RMB or other currencies. When you go to the bank to buy money, the bank, as a seller, sells money, so he needs to earn a certain profit, so the price set by the bank is the price set by the bank as the center, not the price set by the buyer. So at this time, when the bank sells money to you, the price refers to the "selling price". When the bank wants to buy money, of course, he can make a profit by buying low and selling high, so when you actually buy it from you, it is equivalent to the bank. Because this price is also set by the bank, the bank bought the money from you at the "purchase price", not that you sold the money to the bank. Many friends have fallen into this place and are very confused. Why do you always settle foreign exchange with a low "buying price" instead of a high "selling price"? To sum up, it is a sentence. Because the buying and selling price is set with the bank as the center, not with you as the center. For another example, if you want to buy foreign exchange from a bank to pay foreign exchange abroad, at this time, with the bank as the center, he will "sell foreign exchange" to you, and of course settle with you at the selling price. Next, let's learn about "cash purchase price" and "cash purchase price". Some people may ask why the "cash buying price" of the same currency is lower than the "cash buying price". Actually, the reason is very simple. Cash is real currency cash, while cash is book cash. Cash is a real monetary embodiment, while cash is a tangible but intangible amount, which is more virtual. When the bank withdraws or exchanges cash for you, it needs to prepare a large amount of cash for you to settle and cash. The procedures are cumbersome and the operation is complicated, which is much more complicated than directly transferring money into and out of your bank account. These are all necessary to increase physical labor. Moreover, if you take the cash, it will be yours. After all, the cash is still in the bank. As long as your account is managed by the bank, so is the money in your account. It makes sense. As for the "middle price of foreign exchange settlement and sale", this is much simpler. In fact, this basically has nothing to do with bank settlement business. The middle price of foreign exchange trading is the average of the buying price and selling price of banks, which is generally used to analyze and study the foreign exchange market. So in the foreign exchange settlement business, you basically don't need to use this price, and banks won't use this price to do business with you. In the bank's currency transaction, this middle price is meaningless, just be one. Some banks also have names such as "exchange price" and "benchmark price", which actually means the same as "middle price of foreign exchange settlement and sale" and is just a reference benchmark.
Question 10: It's ok to account for the settlement of US dollars, but when 10 ends, don't forget to adjust the exchange gains and losses of the bank's US dollar account according to the exchange rate at the end of the month.