In China, our standard currency is that when we need to pay foreign currency, we use RMB to buy foreign currency to pay a behavior called.
Purchase refers to foreign currency or various means of payment expressed in foreign currency for international settlement of claims and debts.
Buying and selling is a kind of margin trading.
Margin trading is the ability to trade more with less money. For example, forex is actually a $100,000 contract. With leverage, you can trade with a few thousand dollars of margin.
Trading refers to the exchange behavior between different investors in order to obtain investment benefits.
Investors can trade through online trading platforms, but choose snacks with strength and reputation.
Domestic residents traveling abroad, training, labor and settlement, etc., can apply to the bank to buy foreign exchange.
According to the latest policy, each person has an annual quota of 50,000 yuan equivalent to purchase foreign exchange, and can purchase foreign exchange in one or more stages within the annual quota.
Citizens only need to verbally declare the use of foreign exchange purchases, with their real identification can directly handle.
If an excess amount of foreign exchange is to be purchased, relevant certificates of authenticity shall be provided for the excess amount, and the total amount of foreign exchange purchased shall not exceed the amount marked on the certificate.
Go INSIDE THE TERRITORY THE FOREIGN WORD THAT COUNTER OF EACH BIG BANK OPERATES RENMINBI, DO NOT NEED TO PAY POUNDAGE AT PRESENT, FOR EXAMPLE BANK OF China AND INDUSTRIAL AND COMMERCIAL BANK OF China DO NOT COLLECT POUNDAGE.
The price of these banks is based on the bank’s exchange rate cost, which is directly calculated in the bank, and then converted according to the bank’s timely price.
But if it is at the airport to operate foreign exchange, it is generally charged by the time, a commission is about 50 yuan.
If you have the relevant bank dual-currency credit card, you need to pay a certain commission fee when you pay for external consumption. However, the proportion stipulated by each bank is different, including 1.5% for Bank of China, 1.0% for Industrial and Commercial Bank of China, 1.0% for Agricultural Bank of China VISA, 1.2% for GF Bank, 1.5% for China Construction Bank and so on.
The charge proportion of this poundage is basically within 2%.
That is to say, every operation to exchange 100 yuan of foreign currency, need to pay between 1 to 2 yuan commission.
