2. You need to bring your ID card and account book when you exchange foreign exchange, but not all outlets undertake exchange business. Bank outlets that can exchange foreign exchange will have green currency exchange signs. If you are not sure, you can ask the staff.
At present, the domestic foreign exchange quota is at most 50,000 dollars per person per year or other forms of foreign currency. If it exceeds the quota, you need to go through some special application procedures. Of course, you can also exchange it with someone else's quota.
4. You can also exchange foreign exchange through online banking at home. Both China Merchants Bank and Bank of China have related businesses, but the premise is that online banking needs to be opened.
5. Today, the exchange rate of USD and RMB is 1 USD =6.398 1 RMB 1 RMB = 0.1USD 563.
Exchange rate (also known as foreign exchange rate, foreign exchange rate or foreign exchange market) The exchange rate between two currencies can also be regarded as the value of one country's currency against another. Exchange rate is also a financial means for a country to achieve its political goals. The exchange rate will change because of interest rates, inflation, national politics and national economies. The exchange rate is determined by the foreign exchange market.
The fluctuation of a country's foreign exchange market will have an impact on import and export trade, economic structure and production layout. Exchange rate is the most important adjusting lever in international trade. A falling exchange rate can promote exports and curb imports.
(1) The direct quotation method, also known as the price payable method, calculates how many units should be paid in local currency based on a certain unit (1, 100, 1000) of foreign currency. It is equivalent to calculating how much local currency should be paid for purchasing a unit of foreign currency, so it is called the payable price method. In the international foreign exchange market, most countries in the world, including China, currently adopt direct quotation. For example, the exchange rate of Japanese yen against US dollar is 1 19.05, that is, 1 US dollar is 1 19.05 yen.
(2) Indirect pricing method is also called accounts receivable pricing method. It calculates the foreign exchange receivable currency of several units in the domestic currency of a unit (such as 1 unit). In the international foreign exchange market, euro, pound and Australian dollar are all indirectly priced. For example, the exchange rate of the euro against the US dollar is 0.9705, that is, 1 euro against 0.9705 US dollars.