I. Currency exchange:
1. If there is a limit for exchange in domestic banks, you can go to China Bank for exchange. Specifically, taking today as an example, the median price is 620.92 RMB/100 USD, which is about 626.5438+00000 RMB. It can be exchanged at one time, and there is still a limit of 20000 USD this year.
2. At the time of exchange, I will bring my relevant valid identity documents and go directly to the bank to handle related business. At the same time, only China Bank supports small foreign currency exchange in China. So we need to find the nearest business hall of China Bank, which is available in almost every city.
3. China was caused by the excess of US dollars, and then imported inflation occurred. Therefore, China has now liberalized its foreign exchange control but not its capital control, so there is no requirement to change foreign exchange into RMB by binding US dollars.
Two. The procedures for converting RMB into US dollars are as follows:
1, choose a bank, although there is no handling fee for simple foreign exchange. Because of the fluctuation of exchange rate, the foreign exchange quotations of banks are also fluctuating, and their prices will be a little different. Let's compare the paper money prices of major banks in China.
2. You need to bring your ID card and account book when you exchange foreign exchange, but not all outlets undertake exchange business. Bank outlets that can exchange foreign exchange will have green currency exchange signs. If you are not sure, you can ask the staff.
At present, the domestic foreign exchange quota is at most 50,000 dollars per person per year or other forms of foreign currency. If it exceeds a certain amount, some special application procedures need to be handled. Of course, you can also exchange other people's quotas for dollars and RMB.
You can also exchange foreign exchange through online banking. Both China Merchants Bank and Bank of China have related businesses, but only by opening online banking can they exchange foreign exchange.
Extended data:
Online banking deals in foreign exchange:
1. Enter the online banking of Industrial and Commercial Bank of China, log in and enter the home page and click the settlement and sale of foreign exchange.
2. Choose whether to settle or sell foreign exchange.
3. Then fill in the information such as the currency, amount and purpose of the funds sold or bought, and click Next directly after filling it out to confirm the information again. If you want to withdraw foreign exchange, you must go to the business hall of the bank. The time required is very short, and online transactions will be discounted.
References:
Foreign currency exchange-Bank of China
How do I change dollars into RMB?
1. The first thing you need is to prepare my ID card and the credit card I need to exchange with the bank.
Take your certificate to the bank for industrial and commercial registration. Take the Agricultural Bank of China as an example.
The bank will first check the authenticity of the US dollar with a special US dollar money detector.
4. After the authenticity is no problem, the staff will operate the system and need your signature to confirm. The five major banks (industry and commerce, construction, agriculture, transportation and China Bank) can exchange money anywhere, but remember to find bigger outlets, and some small outlets do not exchange foreign currency. 2. Take the US dollar and my valid ID card to the outlet to exchange according to the exchange rate between RMB and US dollar at that time. On August 4th, the exchange rate between USD and RMB was: 100 USD =677.279968 RMB 100 RMB = 14.769700 USD 1. Bank of China and Bank of China can only exchange large US dollars with the face value of 100, and there are few opportunities to actually use large US dollars abroad. Only in rare cases can you change some small denominations of dollars at the Bank of China.
Advantages of changing money in China Bank: you can change many denominations of 100, which is more cost-effective according to the exchange rate, and small branches also provide currency exchange services; The disadvantage is that the money exchanged by domestic banks is generally old, dirty and even defaced.
2. Other commercial banks, such as China Agricultural Bank and Industrial and Commercial Bank. The advantages are: you can change a relatively new hundred-dollar bill, which is more cost-effective in exchange rate; The disadvantage is that small branches do not provide currency exchange services. Materials to be prepared:
Before the ID card or household registration book or other relevant valid documents are redeemed, they cannot be redeemed without valid proof of foreign currency such as US dollars.
Dollar notes or coins, etc.
1 time selection.
The normal time for foreign exchange is from 9 am to 5 pm from Monday to Friday. Adjusting your time can save a lot of energy.
2 Location-Bank of China.
Foreign exchange trading is a common choice for domestic banks, because China Bank is a special service, and other banks are not large enough to apply for business. I have been to industrial and commercial banks, China Construction Bank and other big banks, and they directly asked me to go to China Bank.
3 Fill in the form.
You go to the Bank of China, the lobby manager or the counter clerk says you want to change US dollars, and then they will ask you to hang up your number, provide a form to fill in, fill out the requirements, and then queue up.
It's simple to switch to your own time. Just change your ID card and amount into RMB.
Matters needing attention
1, if you don't use bank cards for bank card conversion, you'd better prepare cash.
Usually, there is no charge for changing dollars in banks, and banks mainly make money by changing money.
If the remittance is transferred or remitted to others, there will be a handling fee.
exchange rate
Exchange rate is a problem that we must pay attention to. In recent years, the RMB has appreciated against the US dollar. For example, today's exchange rate is: 1 USD = 6.055438+0 yuan.
1 yuan = 0. 1652 USD. 3. Third party channels
How do I change the dollars in my account into RMB?
1. How to convert foreign currency in a bank account into RMB?
1. Of course, the most direct way is to go to the bank counter, and the other party will convert it into RMB according to the exchange rate of the day. If it is not convenient to go to the bank, then download the mobile APP of the corresponding bank, taking CITIC Bank APP as an example.
2. Enter the APP, click "My" in the lower right corner, and then log in with your account or mobile phone number. 3. After logging in, we can still see "My Account" on the "My" page. Click here to check the balance of foreign currency account in your account.
4. Then return to the home page of CITIC Bank APP, find the option of "going abroad for finance" in the first interface, and click Enter to find "settlement and sale of foreign exchange". 5. Click to see the current foreign currency exchange rate. If you want to change it into RMB, click "Settlement of Foreign Exchange" at the top of the page.
6. In the foreign exchange settlement interface, check your own foreign exchange settlement currency, such as US dollars, then select the properties of foreign exchange settlement amount and foreign exchange settlement funds, and finally enter the transaction password of the savings card to successfully exchange. Extended data:
At present, the convertible currencies of banks are: British pound, Hong Kong dollar, US dollar, Swiss franc, Singapore dollar, Swedish krona, Norwegian krona, Japanese yen, Danish krona, Canadian dollar, Australian dollar, euro, Philippine peso, Thai baht, Korean won, Macao pataca and new Taiwan dollar.
1. Procedures for purchasing foreign currency If the freely convertible currencies held by Hong Kong, Macao, Taiwan, overseas Chinese and foreigners need to be converted into RMB, they can exchange them at the bank business department with their valid identity documents; 2. Procedures for selling foreign currency: Hong Kong, Macao, Taiwan, overseas Chinese and foreigners who hold unused RMB and want to exchange it for foreign currency can exchange it for foreign currency at one time with a foreign currency memo, valid for 6 months from the date of issuance; 3. Procedures for selling foreign currency: Hong Kong, Macao, Taiwan, overseas Chinese and foreigners can exchange one foreign currency for another. References:
Baidu encyclopedia-foreign currency exchange.
2. How to change the foreign currency in the bank account into RMB?
1. Log in to online banking of Bank of China first, and then you can see "settlement and sale of foreign exchange".
2. Then, click "foreign exchange settlement and sale". After entering, select a foreign exchange account, and then click "account details" (if not, just click "foreign exchange" to register and then enter "foreign exchange settlement and sale".
3. After this interface appears, click "Settlement of Foreign Exchange".
4. Then in this interface, we enter all or part of the received US dollar amount, and then click OK, and then click OK (the source of funds should also be selected, for example, my US dollar comes from Alipay, so I will choose "other services".
5. Then, after the transaction is successful, click "Bank Account".
6. Click "Transaction Details", and then click "Inquiry"
7. See that the dollars in the balance have been converted into adults. It's just a "small settlement" in the business summary.
3. How does China Construction Bank change US dollars into RMB?
The USD in the CCB card can be directly converted into RMB online, and there are two channels for foreign exchange settlement:
1. Counter handling: When handling at the counter, you need to bring your ID card and bank card to the CCB counter to handle the foreign exchange settlement business, which takes about 10 to 15 minutes.
2. Online banking settlement: During online banking settlement, CCB card is required to open online banking business. After logging in to the online bank, you can enter the investment and wealth management to conduct settlement and sale of foreign exchange.
Supplement: Neither channel needs to withdraw US dollars. After the settlement of foreign exchange is completed, the US dollars in the card will be directly converted into RMB and deposited in the current account, which can be withdrawn when necessary.
Extended data:
I. Scope of business
1, personal settlement of foreign exchange
Personal current account foreign exchange income that can be settled includes: patent, copyright income, manuscript fee income, consulting fee income, insurance income, profit, bonus income, interest income, annuity, pension, employee salary, inherited foreign exchange, family support, donation and other current account foreign exchange income.
Income from capital projects refers to the principal of various direct or indirect investments remitted by individual residents from abroad and approved by the domestic and foreign investment authorities.
2. Personal purchase of foreign exchange
Individual residents travel abroad (including Hong Kong and Macao tours, pilgrimage, visiting relatives, overseas medical treatment, studying abroad at their own expense, other study abroad, business investigation, overseas training, employment, payment of membership fees of overseas international organizations, overseas mail order, overseas settlement, overseas immediate family assistance, international exchanges, overseas labor services and others).
Second, do 7A686964616FE78988E69D833133431356663 management program.
Personal settlement of foreign exchange: individual residents go to designated foreign exchange banks with proof materials.
1. The customer submits materials to the bank and applies for purchasing foreign exchange.
2. The bank shall examine the authenticity and consistency of the materials purchased for foreign exchange, and shall not sell foreign exchange if they do not meet the requirements and are returned to customers.
3. If the materials meet the requirements, the bank logs into the personal foreign exchange purchase system of the State Administration of Foreign Exchange and enters the foreign exchange purchase information on the system as required, such as passport number, ID number, foreign exchange purchase amount and currency.
4. After entering the foreign exchange purchase information, you will be prompted whether there are any unwritten-off records.
5. If there are records that have not been written off, the bank will go through the write-off procedures for customers first, otherwise it will not sell foreign exchange.
6. If there is no write-off record or after the write-off, print out the "Notice of Purchase of Foreign Exchange".
7. Log in to the banking system and enter relevant foreign exchange purchase information.
8. Pay the customer after exchange at the foreign exchange rate of the day. The bank transmits the data and information of foreign exchange sale to the foreign exchange bureau through the personal foreign exchange purchase system.
Baidu Encyclopedia-Personal Settlement and Sale of Foreign Exchange
4. How to change offshore account dollars into RMB?
Offshore account's dollars can't be exchanged for RMB.
Offshore account refers to a bank account opened by a depositor outside his country of residence, which belongs to an overseas account. Offshore account's funds can only exist in foreign currencies such as US dollars, Hong Kong dollars and euros, but not in RMB.
According to the policy of SAFE, individual accounts can only settle foreign exchange up to 50,000 dollars a year. When the annual transaction volume of foreign traders is higher than 50,000 dollars, it is necessary to change multiple accounts for customers, which brings a lot of inconvenience to customers and even makes them lose trust.
Extended data
The role of offshore account
1. Offshore banks are located in countries or regions with low tax rates, so they can be used as tax havens.
2. The countries where offshore banks are located have stricter requirements for protecting depositors' privacy.
3. Avoid the supervision and management of account activities in the depositor's country, such as prohibiting the opening of anonymous accounts.
4. Protect the deposit when the country where the depositor is located is politically or economically unstable.
Offshore account's shortcomings
1. Offshore banks are common places for criminals to launder money.
2. Encourage residents to avoid or evade taxes.
3. Being away from the depositor's residence may bring inconvenience to the depositor's service.
4. The minimum deposit for opening offshore account is generally high, so it mainly serves people with higher incomes.
What should I do to change dollars into RMB? Tell me the detailed steps.
The steps are as follows:
1. Select a bank. Although there is no handling fee for simply changing foreign exchange, banks have to earn the difference. Because of the fluctuation of exchange rate, the foreign exchange quotations of banks are also fluctuating, and their prices will be a little different.
2. You need to bring your ID card and account book when you exchange foreign exchange, but not all outlets undertake exchange business. Bank outlets that can exchange foreign exchange will have green currency exchange signs. If you are not sure, you can ask the staff.
At present, the domestic foreign exchange quota is at most 50,000 dollars per person per year or other forms of foreign currency. If it exceeds the quota, you need to go through some special application procedures. Of course, you can also exchange it with someone else's quota.
4. You can also exchange foreign exchange through online banking at home. Both China Merchants Bank and Bank of China have related businesses, but the premise is that online banking needs to be opened.
5. Foreign exchange can also be deposited in the bank for life or death, but the specific interest needs to be consulted with the bank.
Extended data:
1, USD (abbreviation: USD; ISO42 17 currency code: USD; ; Symbol: The dollar is the legal tender of the United States. At present, the US dollar banknotes in circulation are all the banknotes issued since 1929.
2, 1792 After the passage of the American Mint Act. At present, the issuance of US dollars is controlled by the Federal Reserve system. Starting from 19 13, the United States established the federal reserve system and issued federal reserve bonds. More than 99% of the banknotes in circulation are federal reserve notes.
3. The competent department for issuing US dollars is Congress, and the specific issuance business is handled by the Federal Reserve Bank. After World War II, continental European countries reached an agreement with the United States to use US dollars for international payments. Since then, the dollar has been widely used as a reserve currency in countries outside the United States, and eventually became an international currency.
4. The legal tender of People's Republic of China (PRC) is RMB, and the People's Bank of China is the competent authority of RMB, responsible for the design, printing and distribution of RMB.
5. The unit of RMB is yuan, and the unit of RMB token is jiao and fen. 1 yuan equals 10 angle, 1 angle equals 10 minute. People's Republic of China (PRC) has issued RMB for more than 60 years. With the development of economic construction and the needs of people's lives, it will be gradually improved and improved. So far, five sets of RMB have been issued, forming a multi-variety and multi-series monetary system, such as paper money and metal coins, ordinary commemorative coins and precious metal commemorative coins.
6 6. 10/On October 20th, the People's Bank of China revealed at a meeting here that it would strive to launch the digital currency issued by the central bank as soon as possible. The meeting held that it is of positive practical significance and far-reaching historical significance for the central bank to explore the issuance of digital currency under the current economic normality in China.
References:
Baidu Encyclopedia: USD Baidu Encyclopedia: RMB;
How to change dollars into RMB?
If you want to change US dollars into RMB, investors can do it in banks such as China, Agriculture, Industry, Construction, Communications, China Merchants Bank and CITIC. Of course, if you are in some cities in the Mainland, you'd better exchange money directly at the Bank of China, because many branches in mainland cities don't open currency exchange, so you need to go to the branch to handle it, while most outlets of Bank of China can exchange money.
When exchanging money, users need to bring valid identity documents and foreign currency to the manual counter of the bank.