All foreign exchange banks can exchange Thai baht, such as China Bank, China Agricultural Bank, China Construction Bank and so on. 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. The annual limit for individuals to exchange foreign currency is $50,000.

According to Article 2 of the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange, the annual total amount management is implemented for individual foreign exchange settlement and domestic individual foreign exchange purchase. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments. The settlement and purchase of foreign exchange within the individual's annual total amount shall be handled at the bank with his valid identity certificate; If it exceeds the annual total, it shall be handled in accordance with Articles 10, 11 and 12 of these Rules under the current account, and in accordance with the relevant provisions of "Personal Foreign Exchange Management in Capital Account" of these Rules under the capital account.

Extended data:

Detailed Rules for the Implementation of the Measures for the Administration of Personal Foreign Exchange Article 10 If the non-operating foreign exchange settlement of domestic individuals under current account exceeds the annual total, they shall go to the bank with their valid identity documents and the following supporting materials:

(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. 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 remuneration: 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.

Article 11 If the foreign individual's non-operating foreign exchange settlement under current account exceeds the total annual amount, he/she shall go to the bank with his/her valid identity certificate and the following supporting materials:

(1) Rental expenses: housing lease contracts, invoices or payment notices 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.

If the above-mentioned single settlement amount is more than USD 50,000, the RMB funds obtained from settlement will be directly transferred to the domestic RMB account of the counterparty.

Baidu encyclopedia-foreign exchange

Baidu Encyclopedia-Detailed Rules for the Implementation of Measures for the Administration of Personal Foreign Exchange