First, the direct transaction between RMB and Australian dollar will have an impact.
Save the formalities. Previously, the exchange between RMB and Australian dollar had to go through: RMB for US dollar and US dollar for Australian dollar. This eliminates the need for a second exchange with the US dollar.
Promote the internationalization of RMB. Sino-Australian bilateral trade does not need to use the US dollar as a settlement tool, which reduces the exchange rate risk.
The renminbi has further stepped out of the monetary system linked to the US dollar. Reduce dependence on the US dollar and enhance the position of RMB in the settlement of international exchange rate market. PS: The direct exchange of RMB and Japanese yen is also based on this.
Two, Australia's common currency is the Australian dollar, the face value of paper money is 5 10, 20, 50, 100 yuan; The denominations of coins are 5, 10, 20 and 50 cents, and 1 AUD and AUD 2. The head of Her Majesty Queen Elizabeth II is printed on the front. There is a picture of the Australian Parliament Building on the back. The face of the poet AB' Bagnaud' Paterson is printed on the front. On the back of the medal is Mrs. mary gilmore's head. The head of Reverend John Flynn, the founder of the world's first air medical service (Royal Australian Air Medical Service), is printed on the front.
Third, mobile phones and the Internet are very convenient now, so in addition to going directly to the outlets for foreign exchange procedures, there is a more convenient and easier way to control the exchange rate, that is, first use online banking or mobile banking to purchase foreign exchange, and then go to the outlets to withdraw cash. This method has two main advantages: first, you can refresh the real-time exchange rate online and buy at a low point, otherwise you won't know the exchange rate used until you finish the buying operation, which is not easy to control. Second, some online banking will have some poor discounts, such as ICBC online banking and mobile banking. Seven-star customers in online banking are 30% off, six-star customers are 7.5% off, five-star customers are 20% off, and all customers in mobile banking are 60% off. Therefore, it is recommended to use mobile banking to purchase foreign exchange, which will save trouble and make money!