1. The exchange rate of RMB against the US dollar is settled at the bank selling price at the exchange rate of the day.
2. The exchange rate of RMB against the US dollar is not refundable. The so-called tax rebate is the export tax rebate.
3. The purpose of export tax rebate is to reduce the export cost of domestic foreign trade enterprises, thus stimulating domestic export setting.
4. USD price = (RMB tax-included price-tax refund income)/cash purchase price, where: tax refund income = RMB tax-included price × [tax refund rate /( 1+ VAT rate)].
1. exchange rate (also known as foreign exchange rate, foreign exchange rate or foreign exchange market) is the exchange rate between two currencies, which can be regarded as the value of one country's currency against another. Exchange rate is also a financial means for each country to achieve its political goals. The exchange rate will change because of interest rate, inflation, national politics and national economy.
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1. Conversion of foreign currency into RMB (settlement): RMB = amount (foreign currency) * purchase price/100;
2. Domestic convertible foreign currencies mainly include: British pound, Hong Kong dollar, US dollar, Swiss franc, Singapore dollar, Swedish krona, Danish krona, Norwegian krona, Japanese yen, Canadian dollar, Australian dollar, euro, Macao dollar, Philippine peso, Thai baht, New Zealand dollar and Korean won. Except for foreign currencies that can be exchanged according to state regulations, no other foreign currencies can be exchanged.
2. The exchange rate of RMB against foreign currency represents the external value of RMB, which is uniformly formulated and adjusted by the State Administration of Foreign Exchange on the basis of the principle of independence and unification, with reference to the price comparison level at home and abroad and the exchange rate fluctuation in the international financial market, and announced to the domestic and foreign countries on a daily basis. As the exchange rate of all foreign exchange receipts and payments, it is the official exchange rate, there is no market exchange rate, and its pricing method adopts the internationally accepted direct quotation. That is, fixed units (such as 100, 10000, 100000, etc.) are converted into a certain amount of RMB. ) to express the exchange rate of RMB against foreign currency. The amount of foreign currency in a fixed unit depends on the value of each foreign currency. Except that the exchange rate of RMB against Belgian franc and Italian lira is ten thousand (10000) units and against Japanese yen is one hundred thousand (100000) units, the exchange rates of other foreign currencies are all one hundred (10000) units. With the expansion of foreign trade and the increase of overseas tourists, RMB needs to be converted into other currencies.