Individual foreign exchange settlement and domestic individual foreign exchange purchase are subject to annual total management. 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. Processing flow 1. Under the current account, you can handle it in the bank with your ID card and relevant proof of the transaction amount. 2. Under the capital account, it shall be handled in accordance with the relevant regulations on capital account management.

The upper limit is foreign currency equivalent to $50,000, and the term is one year.

There is no lower limit.

The exchange is free.

You need to bring your ID card.