How to buy foreign exchange USD How to buy US dollars?

Updated on Financial 2024-04-20
23 answers
  1. Anonymous users2024-02-08

    It is recommended to understand some of the most basic foreign exchange knowledge first, myself.

    There are two kinds of foreign exchange trading, one is the bank's foreign exchange treasure, the spread is about 40 points, can only buy up, can not buy down, is a real transaction, the use of large funds, risk control is difficult, less profit, basically to help the bank make money. Pros, stable income. The other is foreign exchange margin trading, which can be bought up and down, virtual trading, small use of funds, easy to control risks, and more profits, but if there is no stop loss point when you lose, you will lose a lot of money by luck.

    High returns must come with high risks!Investment mainly depends on whether the risk is controllable or not. Suppose the customer opens a foreign exchange treasure and foreign exchange margin trading account at the same time, and the funds are 17,457 US dollars each.

    The client went long GBP at 16:30 on 2005-10-11 and closed GBP at 17:49 at GBP. (Customers use the foreign exchange trading platform to operate with full positions, and only use the minimum transaction amount of 1,000 US dollars in foreign exchange margin trading).

    1) Comparison of the transaction process.

    A: When the exchange rate is at 16:30 Beijing time

    Foreign exchange treasure trading process Foreign exchange margin trading process.

    17,457 US dollars equivalent to 10,000 pounds sterling 1,000 US dollars is one lot to increase the pound B: when the exchange rate is (17:49 Beijing time).

    10,000 pounds equivalent to 17,557 US dollars to close the position of the transaction to increase the pound sterling C: the transaction is settled.

    Profit of $100 and profit of $625.

    Compare the size of the winning rate of the two investments.

  2. Anonymous users2024-02-07

    After opening an account on the platform of major domestic banks or foreign exchange companies with legal procedures, you can buy and sell foreign exchange.

  3. Anonymous users2024-02-06

    The process of exchanging US dollars.

    1. Prepare materials.

    ID card or household registration booklet, bank card to open a US dollar account, if it has not been opened, you can apply directly over the counter.

    2. Appointment at outlets.

    First of all, I went to the outlets to consult the foreign exchange area, it is not recommended to blindly exclude, and some outlets have different arrangements.

    3. U.S. dollar exchange.

  4. Anonymous users2024-02-05

    According to the provisions of the State Administration of Foreign Exchange on the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange, the state implements the management of the annual total amount of foreign exchange settlement by individuals and the purchase of foreign exchange by domestic individuals, and the annual total amount is equivalent to US$50,000 per person per year. This means that you can exchange US$50,000 (or foreign currency) in cash and remit US$50,000 (or foreign currency) every year.

    However, if you want to exchange cash: if it is US dollars, you can basically exchange US dollars at the branches of various banks and above (except for branch offices); However, if you want to exchange non-mainstream foreign currencies such as euros, yen, Korean won, and pounds, you generally need to go to the central branches and above business departments of the four major banks (especially China Zaoyi Bank) to exchange them. For ordinary people, there is basically no need to use this channel, generally arbitrageurs will use this (what is foreign exchange arbitrage, we talk about it at the end), the exchange rate of the black market will be higher than that of the bank, for example, you can exchange RMB to 1 US dollar in the bank, and it may take 7 yuan to exchange it in the black market, and there is a possibility of counterfeit banknotes in the black market, so if it is not necessary, try to use the black market to exchange foreign currency.

  5. Anonymous users2024-02-04

    The first way is to apply for special foreign exchange.

    When you and your children study abroad, there will definitely be tuition fees, living expenses and other expenses, and you can apply for a foreign exchange purchase quota. Of course, such applications may be subject to stricter scrutiny, a longer period of time, and more qualifications required.

    The second way is to buy within the normal quota.

    China has control over the purchase of foreign exchange, and in accordance with the provisions of the State Administration of Foreign Exchange on the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange, the state implements the management of the annual total amount of foreign exchange settlement by individuals and the purchase of foreign exchange by domestic individuals, and the annual total amount is equivalent to 50,000 US dollars per person per year. That is, individuals can exchange US$50,000 (or foreign currency) in cash and remit US$50,000 (or foreign currency) every year.

    Therefore, if your needs can be met within the annual purchase quota of $50,000 per person, you can purchase the purchase of the early purchase within the quota. Dismantlement.

  6. Anonymous users2024-02-03

    You can purchase it at the business window of Bank of China according to the listed exchange rate. The exchange rate between the RMB and the US dollar is rolling in chains, and it is changing every day. For the time being, the base dollar has appreciated very much, and it has depreciated a lot relative to the renminbi.

    It used to be about 1, but now it's about 1:.

    If you have U.S. dollars, now is a good time to exchange U.S. dollars for renminbi. Otherwise, it is not recommended to exchange RMB for US dollars.

  7. Anonymous users2024-02-02

    The exchange rate of the renminbi and the U.S. dollar fluctuates every day, and today's exchange rate is probably Honglaotong, which means that one dollar can be exchanged for 7 yuan and 1 cent 4 people's currency, which can be exchanged at the bank.

  8. Anonymous users2024-02-01

    Now the exchange rate of the US dollar against the yuan is 1:, which is 100 US dollars to 710 yuan.

  9. Anonymous users2024-01-31

    How to buy the exchange rate between the Chinese yuan and the US dollarHow to buy celery? It depends on your economic strength, because the exchange rate between the RMB and the US dollar is not fixed, it will change with the disturbance of market players, so be careful not to buy and sell at will.

  10. Anonymous users2024-01-30

    The exchange rate between the RMB and the US dollar is generally around 6:1, and the exchange rate will change every day, but the overall change is not much.

  11. Anonymous users2024-01-29

    1 RMB = US Dollar.

    1 USD = Chinese Yuan.

  12. Anonymous users2024-01-28

    Personally, buying the US dollar is the same as buying **, it should be exchanged when the exchange rate is low, and when the US dollar exchange rate is high, the risk is still relatively large.

  13. Anonymous users2024-01-27

    When the exchange rate of the renminbi against the US dollar bill has increased, it is more appropriate to exchange 100 yuan more to the current exchange rate than the 100 US dollar bill exchange a few months ago.

  14. Anonymous users2024-01-26

    Feel free to buy! Go to the bank and buy whatever you want!

  15. Anonymous users2024-01-25

    Buy 100 RMB for USD.

  16. Anonymous users2024-01-24

    One U.S. dollar is equivalent to about seven yuan.

  17. Anonymous users2024-01-23

    Buy when the RMB exchange rate is low, sell when it is high.

  18. Anonymous users2024-01-22

    1 US dollar is equal to Chinese yuan.

  19. Anonymous users2024-01-21

    1. The ways to buy and sell foreign exchange are as follows:

    1) Spot foreign exchange transaction is a foreign exchange transaction method in which the two parties agree to settle within two business days after the transaction;

    2) Forward transactions, foreign exchange transactions that are not delivered after the foreign exchange transaction is concluded, and are delivered at the agreed time according to the provisions of the contract;

    3) Arbitrage, the use of different foreign exchange markets, different currencies, different delivery times and some currency exchange rates and interest rate differences, to buy from the low price, sell the first party, from which to earn profits in foreign exchange transactions;

    4) Arbitrage trading, a trading method that takes advantage of the difference in interest rates in the currency markets of the two countries to transfer funds from one market to another in order to earn profits;

    5) Swap transaction, which combines two or more foreign exchange transactions with the same currency but opposite transaction direction and different delivery dates;

    6) Foreign exchange**, a contract with the exchange rate as the subject matter, used to avoid exchange rate risk;

    7) In foreign exchange options trading, the option buyer obtains a right after paying the corresponding premium to the option seller.

    2. Legal basis: Article 45 of the Regulations of the People's Republic of China on Foreign Exchange Administration.

    Anyone who buys or sells foreign exchange without permission, buys or sells foreign exchange in disguise, buys and sells foreign exchange in a relatively large amount, or illegally introduces and trades foreign exchange in large amounts, shall be given a warning, confiscated the illegal gains, and imposed a fine of not more than 30% of the illegal amount; where the circumstances are serious, a fine of between 30% and the equivalent value of the illegal amount is to be imposed; where a crime is constituted, criminal responsibility is pursued in accordance with law.

    2. How to buy foreign exchange.

    Foreign exchange purchases can be made through two methods: foreign currency exchange and foreign exchange speculation. Foreign currency exchange means that users use their own convertible currencies to exchange at domestic bank outlets; Foreign exchange speculation is that the user signs a contract with the bank, opens a trust investment account and deposits the guarantee, which is an investment behavior, which is risky and may cause losses to personal property.

  20. Anonymous users2024-01-20

    Summary. Dear Hello <>

    There are several ways to buy Forex:1Go to the bank counter or online banking platform to make a purchase.

    To purchase foreign exchange at the bank, you need to provide a valid identity document and an application form for foreign exchange purchase, and exchange it according to the foreign exchange rate of the day. 2.Buy on a foreign exchange exchange.

    A foreign exchange exchange refers to a professional trading institution in the domestic foreign exchange market, and individuals can make purchases through the foreign exchange account opened on the exchange. 3.Purchases made through third-party payment platforms.

    How to buy Forex.

    Dear Hello <>

    There are several ways to buy Forex:1Go to the bank counter or online banking platform to make a purchase.

    To purchase foreign exchange at the bank, you need to provide a valid identity document and a foreign exchange purchase application form, and exchange it according to the foreign exchange rate of the day. 2.Buy on a foreign exchange exchange.

    Zheng Yi refers to a professional trading institution in the domestic foreign exchange market, and individuals can purchase and eliminate through the foreign exchange account opened on the exchange. 3.Purchases made through third-party payment platforms.

    Hello add: When buying foreign exchange, you need to pay attention to the following points:1

    Choose the right type of foreign exchange and exchange time according to your own needs to avoid losses when the exchange rate fluctuates. 2.Note: The quota for foreign exchange purchases is quietly changed to avoid illegal operations.

    3.Understand the foreign exchange market situation and exchange rate trend before purchasing foreign exchange, and do a good job in risk management and investment planning. In short, the purchase of foreign exchange requires careful decision-making and precise operation, and it is recommended to do more research and learn relevant knowledge before buying foreign exchange.

  21. Anonymous users2024-01-19

    Hello, according to the question you asked: there are several ways to buy foreign exchange:1

    Purchase of foreign exchange at the bank counter: You can purchase foreign currency cash or foreign currency electronic remittance at the bank counter, and you need to provide identity certificate, foreign exchange purchase application form and other materials. 2.

    Use a bank card to withdraw cash overseas: You can use a bank card to withdraw cash at ATMs overseas, but you need to pay attention to fees such as fees and exchange rates. 3.

    Buying foreign exchange on a foreign exchange trading platform: You can conduct foreign exchange trading through a foreign exchange trading platform, you need to open a foreign exchange trading account, and conduct a risk assessment and compliance review of Xiangzhi Huyanguan. No matter what kind of way you buy foreign exchange, you need to pay attention to the following issues:

    1.Exchange rate fluctuations: There is a large volatility in the foreign exchange market, and you need to pay attention to the exchange rate changes and choose the appropriate time and method to buy foreign exchange cherry silver.

    3.Security: To buy foreign exchange, you need to guard against risks such as fraud and counterfeit money, so it is recommended to choose formal channels for purchase, and pay attention to checking the authenticity of foreign exchange.

  22. Anonymous users2024-01-18

    Dear, hello, according to your question Yuqing will answer for you: ways to buy foreign exchange: 1. Banks are relatively common channels for purchasing foreign exchange.

    You need to bring a valid ID to the bank to open a foreign exchange trading account, sign a real foreign exchange trading agreement, and deposit foreign exchange. You can also transfer your existing cash account deposits to a bank that operates a personal foreign exchange trading business; Handle the account opening procedures for online trading and ** entrusted trading. 2. Individuals or institutions that speculate in foreign exchange through platform traders can buy and sell foreign exchange through platform dealers.

    At present, China does not allow domestic enterprises to carry out foreign exchange margin trading business. If you want to trade foreign exchange on margin, you can open a trading account with a foreign businessman.

  23. Anonymous users2024-01-17

    Summary. Pro, I am happy to answer for you, how to buy foreign exchange, pro, 1, the customer at the counter to receive a personal foreign exchange trading application or power of attorney, according to the requirements of the form to fill in (generally fill in the type of foreign currency, amount, recognized exchange rate and signature), together with my ID card, passbook or cash to the counter clerk for review and counting. 2. The clerk will verify that it is correct, (if it is a deposit receipt, it will be withdrawn in full or partially, and the transaction slip will be printed) and the foreign exchange trading certificate or confirmation will be submitted to the customer for confirmation.

    The transaction rate is based on the exchange rate on the confirmation form. 3. After the customer confirms and signs, it is a transaction. The transaction cannot be reversed after it has been filled.

    4. After the reviewer reviews that there is no error, the clerk will hand over the confirmation, ID card and the customer's passbook or cash to the customer.

    Pro, I am happy to answer for you, how to buy foreign exchange, pro, 1, the customer at the counter to receive a personal foreign exchange trading application or power of attorney, according to the requirements of the hidden form to fill in (generally fill in the type of foreign currency, amount, recognized exchange rate and sign), together with my ID card, passbook or cash to the counter clerk for review and counting. 2. The clerk will review and verify that it is correct, (if it is a deposit receipt, it will be withdrawn in full or partially, and the transaction slip will be printed) and the foreign exchange transaction certificate or confirmation will be handed over to the customer for confirmation. The transaction rate is based on the exchange rate on the confirmation form.

    3. The customer signs after confirmation, which is the transaction. The transaction cannot be reversed after it has been filled. 4. After the reviewer reviews that there is no error, the clerk will hand over the confirmation, ID card and the customer's passbook or cash to the customer.

    1. The customer must first take the ID card to the bank to open a special passbook for personal foreign exchange trading and telephone trading, and reserve the password 2. Before the transaction, the customer must first receive the entrusted transaction procedures and operation of Senzhou Qingming, and submit the completed transaction application form (or power of attorney) and ID card and foreign currency passbook to the counter, and set a special password for the entrusted transaction (the password can be different from the passbook password). 3. Conduct transactions in accordance with the transaction procedures of each bank. 4. After the transaction is completed, the customer can confirm the transaction by fax or fax, and the transaction shall not be cancelled after the transaction.

    Foreign exchange is more suitable for doing **, generally set a stop loss of 30 points to bury friends, take profit of 50 points. For novices only, this mode of operation is more applicable, long-term insistence on doing this order, even if only half of the probability is correct, then it is profitable, of course, these are under the premise of control. Foreign exchange trading is a kind of frank financial trading behavior for the daily fluctuations of currency exchange rates in different countries to earn the difference.

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