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How to exchange RMB abroad
Banks with RMB foreign exchange business are convertible.
However, domestic financial cards generally cannot be used abroad.
Some international cards can withdraw foreign currency abroad, but the cost is higher.
You may be able to open a foreign bank account first and then remit money.
And do cards abroad, with the country's currency as the main consumption currency.
Part of the funds can be left in domestic banks. After all, there is great potential for RMB appreciation.
Can I exchange RMB for foreign exchange abroad?
Personally, it's obviously selling dollars to buy RMB. This behavior is called settlement of foreign exchange.
You correspond to the buying price of the bank's foreign exchange quotation, because compared with the bank, it buys dollars and sells RMB. There are two prices in the bank's foreign exchange quotation, one is the spot rate and the other is the spot rate. If you are holding a one-dollar bill now, it should correspond to the buying price of cash.
For foreign exchange, you can't trade without money.
Nowadays, many foreign exchange dealers complete foreign exchange transactions by converting RMB into other countries' currencies. Does the landlord want to do foreign exchange or simply change RMB into US dollars?
If you are doing foreign exchange, you can find some good dealers first to ensure the safety of funds before doing it. If you simply change RMB into dollars, you can go directly to the bank.
But I think the landlord must have a purpose in doing so. If you want to make money, doing foreign exchange is still very suitable. After all, foreign exchange is developing rapidly now, and there are three times as many foreign exchange people as investors in China. Only in China can there be a comparison. I won't talk about the reasons here, mainly because of foreign capital and domestic system. You can check it online. But now that the stock has reached a high level, there is nothing to do.
The exchange rate of foreign currency against RMB is 0.
First, the exchange rates of the two currencies appear in pairs in the foreign exchange market. The base currency comes first, the target currency comes last, and the middle is separated by "/". When calculating the price of a pair of currencies, the benchmark currency is regarded as a constant and the target currency is an exchange rate variable.
Dollar against RMB, the base currency is USD and the target currency is RMB, which means that 1 unit USD can be converted into RMB units.
2. RMB against the US dollar, the base currency is RMB and the target currency is US dollar, which means that 1 unit RMB can be converted into US dollars.
3. Foreign exchange rate generally refers to the mutual conversion relationship between any two currencies, with the same meaning as above.
Fourth, the exchange rate of the US dollar against the RMB is floating and changes with the market. The specific real-time exchange rate can be found on large financial websites or foreign exchange websites.
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