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Why do some foreign exchange deposits have higher interest rates than RMB deposits? Is it more profitable to convert RMB into foreign currency when making a deposit?
What is foreign exchange? Foreign exchange in a narrow sense originally refers to foreign currency, while foreign exchange in a broad sense usually refers to the means of payment expressed in foreign currency and used for international settlement. As a means of payment for international settlement, foreign exchange has a wide range of contents, including bank deposits, commercial drafts, bank drafts and bank checks that can be used for international settlement; Corporate bonds, stocks, coupons, etc. Can be used for international settlement, as well as foreign currency and other assets with foreign exchange value that can be used for international settlement, such as gold. When buying and selling foreign exchange, careful analysis of the exchange rate trend is the best way to reduce mistakes and risks.

As an investment tool, foreign exchange can be summarized as follows:

It is most suitable for investors who are sensitive to all kinds of external information and familiar with relevant professional knowledge. ?

The minimum investment is uncertain, but it is generally large. ?

Advantages: strong liquidity and various trading methods; Proper choice of methods can fight inflation. ?

Lack of points cannot guarantee profits; Paying attention to the foreign exchange market often requires too much energy. ?

Fees vary from foreign exchange exchanges to financial institutions. ?

The risk of geomantic omen is relatively high, which is influenced by many factors.