1. Australian dollar exchange rate changes greatly, so we should pay attention to it in real time. If the exchange rate changes greatly, we can reduce the loss. When the purchase price of paper money is relatively high, we can convert it into RMB for the citizens through telephone banking or online banking. It is also a good choice to make Australian dollar wealth management products, but it depends on whether the income of wealth management products can make up for the losses caused by exchange rate changes.

2. If you want to withdraw Australian dollar cash, you can handle domestic remittance business at the counter of China Merchants Bank, remit the Australian dollar in the card to the domestic bank card, and withdraw Australian dollar cash from China Bank, which requires you to pay the transfer fee and remittance fee. Please consult the staff of China Merchants Bank for specific expenses. You can calculate the sum of the transfer fee and remittance fee or directly convert the cash into RMB loss, which is less.

Three, foreign exchange cash is concrete and real foreign banknotes and coins. Cash cannot be exchanged for cash. If cash is converted into cash, customers will suffer some losses in foreign exchange amount.

4. Cash is the foreign exchange on the books. Its transfer out of the country, without physical transfer, can be directly remitted, just a transfer on the book. When withdrawing cash, the remitter has already borne the transportation expenses, so cash can withdraw the same amount of cash.

5. In the foreign exchange quotations published by designated foreign exchange banks, the cash buying price is less than the cash buying price, while the cash selling price is equal.

Extended data:

According to Article 8 of the Agreement of the International Monetary Fund, as a general obligation of member countries, a country's currency must meet three conditions before it can become a cash exchange:

1. There are no restrictions on the current account (trade and non-trade payments) and capital transfer in China's balance of payments.

2. Don't take discriminatory monetary measures or multi-currency exchange rates.

3. At the request of another member state, it is obliged to buy back the remaining domestic currency in the current account of the other party at any time.

A freely convertible currency is widely used in international exchange settlement, freely traded in the international financial market, and freely convertible into the currencies of other countries. In international trade, the import and export trade settled in these freely convertible currencies is called spot trade.

Baidu encyclopedia-cash exchange