Also known as "Portuguese currency", but not the legendary Portuguese currency. This is what distinguished the Australian dollar from the Hong Kong dollar and the Guangdong silver dollar in history. The Macao currency is managed by the local monetary authorities, code-named MOP, and English name is "Macau Pataca". The issuing banks are Atlantic Bank and China Bank.

1. Currency exchange refers to the exchange of foreign currency cash and traveler's checks into RMB or RMB into foreign currency cash at a certain exchange rate. RMB is the legal tender in China. In China, the circulation of foreign currency is prohibited, and the purchase and sale of commodities shall not be denominated and settled in foreign currency. At the same time, RMB has not yet become a freely convertible currency, so it is impossible to use RMB for transactions in other countries and regions.

2. Most institutions can provide exchange services for US dollars, euros, Japanese yen, Hong Kong dollars and British pounds. Bank outlets that provide currency exchange services. Usually, the business hours of bank outlets are between 9:00- 18:00, and the bank outlets are different according to their regions and banks.

Bank outlets in China can also provide exchange services for Swiss francs, Singapore dollars, Swedish krona, Danish krona, Norwegian krona, Canadian dollars, Australian dollars, Macao dollars, Philippine pesos, Thai baht and Korean won. You can go to the money exchange service agency with valid identity documents. The exchange agency will issue you an exchange memo, including your name, nationality, certificate type and code, exchange date, exchange currency and quotation. The exchange memo is valid for 24 months.

3. When unused RMB needs to be converted into foreign currency cash, you can go to the currency exchange service agency with valid identity documents. Among them, the exchange business that does not exceed $65,438+0,000 yuan per person per day can be handled outside the customs, and it is $500 elsewhere.

The exchange of more than the above amount requires you to provide an exchange memo, which can only be handled at bank outlets. It is related to the country's economic history and monetary policy, and has nothing to do with economic strength. In an open economy, it depends on whether the country adopts a floating exchange rate or a fixed exchange rate. Fixed exchange rate, the country buys or sells its own currency in the foreign exchange market to maintain stability. If it is a floating exchange rate, it depends on the purchasing power of the country's currency. There are actually many factors.