Do I have to go to the bank to exchange RMB when traveling abroad? 5

Before exchanging foreign currency, it is best to find out if there is a handling fee. If you do, you can choose to use your card to make purchases, which can reduce the handling fee. At present, many banks have the business of exchanging exchange rates, which can handle large currencies such as US dollars, Hong Kong dollars, Japanese yen, euros, British pounds, Australian dollars, Canadian dollars, Swiss francs, Singapore dollars, etc.

Since travel and shopping are mainly based on credit cards, cash is mainly used to pay for transportation, snacks and other expenses. Bank financial planners suggest that you try to exchange as little foreign currency as possible, and generally exchange the equivalent of 3,000 yuan. If you exchange too much foreign currency and do not use it up, you can exchange it back to RMB after returning to China, and buy and sell this transaction, taking the US dollar as an example, will cause losses left and right.

In addition, if you need to carry the equivalent of foreign currency greater than 5,000 US dollars out of the country, you need to apply for a "Foreign Currency Carrying Permit" from the bank before you can carry it abroad; If you want to bring more than 10,000 US dollars equivalent foreign currency out of the country, you need to apply to the State Administration of Foreign Exchange before you can bring it abroad.

If you want to travel to a country, the currency used for settlement cannot be directly converted into local currency in major domestic banks, so don't worry, just convert RMB into US dollars in domestic banks, and then convert it into local currency locally.

However, before you go, you should ask whether the country you are going to can accept RMB settlement. Due to the strong trend of the RMB in recent years, some countries in Southeast Asia, South Korea, and some parts of Russia can use RMB for settlement, so that the exchange rate difference and the corresponding handling fee can be saved.

If you want to bring foreign exchange, you can go to the bank to exchange it, 50,000 US dollars per person per year. If you often go abroad, you can go to the Bank of China to apply for a foreign exchange card (US dollar, euro, etc.) and repay the loan in RMB.

Generally speaking, most bank credit cards now support overseas credit cards and dual-currency consumption. But after all, foreign countries are not domestic, **can swipe the card** can not swipe the card do not know, it is recommended that the landlord do not change in the domestic bank, because the exchange rate is very low. When you go abroad, you can change it directly at the airport, and there are places to change money at foreign airports, and the exchange rate loss is not big.

Hope to be able to help lz.

1. Domestic banks exchange foreign currency cash.

2. Take RMB cash to a foreign country and exchange it again.

3. Use UnionPay card to exchange foreign currency at foreign ATMs.

4. There are visa, mastercard, these cards can be swiped directly.

5. Artifact Alipay.

1.Domestic banks exchange cash in foreign currency. This should be the simplest and most direct method, basically Bank of China, China CITIC Bank and other banks can exchange foreign currency, some may have to make an appointment in advance.

2.I took the RMB cash to the foreign country and exchanged it again. In countries like Thailand, there are places where foreign currency can be exchanged everywhere, and the landing visa requires 4,000 yuan in cash to enter the country, so it is convenient to exchange Thai baht locally anytime and anywhere.

3.In countries where UnionPay is accepted, you can use your UnionPay card to exchange foreign currency at ATMs abroad, or to make purchases with your card. In places like Taiwan, Japan, and Singapore, ATMs support UnionPay withdrawals, and UnionPay cards can also be swiped in general shopping malls and convenience stores.

It is very convenient to get a Huaxia Bank card to withdraw money locally, Huaxia Bank used to be the first free handling fee for withdrawals every day, but now it has been changed to the first free handling fee for withdrawals in different places every month. However, UnionPay cards may sometimes be withdrawn locally, and local banks will charge handling fees.

4.There are Visa, Mastercard, these cards can be swiped directly. These cards are very convenient, and they can be swiped in general places abroad, and you can also withdraw cash. For example, European and American countries.

5.Artifact Alipay! When I went to the United States, I didn't bring a visa card, so I relied on Alipay.

Alipay can be transferred to an overseas account, if you stay abroad for a long time, you can apply for a bank card locally, and then Alipay transfers to an overseas bank card, the handling fee is only 50 yuan, but the overseas bank still has to charge a handling fee, so that you can take the local card and swipe it casually.

When traveling abroad, you can exchange RMB into foreign currency at various foreign exchange banks.

1. All foreign exchange banks: Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank and Bank of Communications are all foreign exchange operating banks;

2. The exchange rate changes every day (according to the market demand is constantly changing, the same as **), the exchange rate of the same bank in various places is the same, and the exchange rate of different banks is slightly different;

3. No handling fee is required for exchange (because the handling fee has been included in the difference between the bank selling and buying foreign exchange);

4. The annual total amount of foreign exchange purchases by domestic individuals is 50,000 US dollars equivalent in foreign currency.

Further information: Currency foreign exchange rate, abbreviated as FXRATE, FXRATE is an abbreviation for "foreign exchange rate" in English. It is the domestic currency to express the foreign currency**, and its level is ultimately determined by the foreign exchange market. Foreign exchange trading is generally concentrated in financial institutions such as commercial banks.

The purpose of their trading of foreign exchange is to pursue profits, the method is to buy cheap and expensive to sell, to earn the bid-ask spread, the exchange rate on which they buy foreign exchange is the ** exchange rate, also known as the ** price; The exchange rate on which foreign exchange is sold is called the selling rate, also known as the selling price.

There are a few tips for beginners:

1.When trading, it is very important to set a good stop loss and control**. The exchange rate is generally expressed in 5 digits, and the last digit changes by 1, which is the smallest change in the exchange rate, called 1 point.

2.It is necessary to choose a mainstream platform (regulated by the FSA or NFA), which shows whether their operation and capital flow are standardized and serious, which ensures our safety. The UK FSA is the most heavily regulated.

Basic knowledge is necessary. For example, the English name of the currency** (XAUUSD), US Dollar (USD), Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), New Zealand Dollar (NZD), Swiss Franc (CHF), it is recommended to take a look at "Foreign Exchange Rate ABC Introduction", "Foreign Exchange Rate Market", "Foreign Exchange Rate Japanese Candlestick Curve", "Super ** Master", "Speculation Foreign Exchange A-Z", read more learning books to help us understand foreign exchange rates.

3.Maintain a good mindset It's normal to make a profit. (Note: You also need to know some basic knowledge of foreign exchange.) Basic information and free e-books: FXCM's **Special Zone** which contains e-books, this book and other free e-books on forex technology.

4.The basics include what is the trading time, what is the English name of the currency, and what is the opening time. That's right.

If you are a novice, you can register a forex demo account with FXCM Global Gold Exchange to register for free first. Look at how simulated foreign exchange speculation is speculated, and slowly you will understand.

Bank of China can handle foreign currency exchange at the counter with your valid identity document, or you can entrust your immediate family members to handle it on your behalf.

To handle foreign currency exchange business with Bank of China, customers can handle it with their valid identity documents, fill in relevant documents, and deliver cash.

Valid identity documents include: personal ID card (Chinese citizens, household registration book (Chinese citizens under the age of 16), military identity documents (Chinese People's Liberation Army), armed police identity documents (Chinese People's Armed Police), Mainland Travel Permit for Hong Kong and Macao Residents (Hong Kong and Macao residents), Mainland Travel Permit for Taiwan Residents (Taiwan residents), passport (foreign citizens).

Ordinary people can go to the bank to exchange foreign currency without going abroad, and no one has a limit of 50,000 US dollars per year to exchange.

According to Article 2 of the Detailed Rules for the Implementation of the Measures for the Administration of Foreign Exchange by Individuals, the annual total amount of foreign exchange settlement and foreign exchange purchase by domestic individuals shall be managed. The annual total is equivalent to $50,000 per person per year, respectively. The State Administration of Foreign Exchange may adjust the annual total amount according to the balance of payments.

The settlement and purchase of foreign exchange within the total annual amount of an individual shall be handled at the bank with his/her valid identity certificate; If the total amount exceeds the annual amount, it shall be handled in accordance with Articles 10, 11 and 12 of these Detailed Rules under the current account, and under the capital account, it shall be handled in accordance with the relevant provisions of these Detailed Rules on "Individual Foreign Exchange Management under the Capital Account".

1. Now the use of mobile phone payment in China has been particularly common, and many people have developed the habit of mobile phone payment, but such convenience is not so easy to use abroad.

2. There are many ways to exchange foreign currency, such as exchanging on the wild stove network, going abroad for exchange, first converting to US dollars and then going abroad for exchange, etc., but you have to remember one thing, the exchange at a domestic bank is the most cost-effective.