How to exchange currency for overseas travel to save the most money?

Nowadays, more and more people want to travel abroad, so the very important thing of currency exchange is inevitable. What are the techniques for currency exchange? What should we pay attention to?

1. Before exchanging currency, shop around. If you want to exchange RMB into foreign currency, you mainly need to look at the selling price listed by the bank. Some banks have two types of selling prices: spot exchange and cash selling prices. Generally, there is not much difference. Although the State Administration of Foreign Exchange announces the central exchange rate every day, the specific exchange rates of each bank are different. The exchange rates of different banks at the same time period, as shown in the figure, are the foreign exchange quotations of major banks after 4 pm on a Friday. Take the U.S. dollar as an example. If you exchange 1,000 U.S. dollars, China Merchants Bank will exchange it for RMB. Bank of Communications then it is yuan. During the same period, you can save 12 yuan by spending 1,000 US dollars at Bank of Communications.

2. Exchange in batches. If it is a large-amount exchange, MMs can split it up and exchange it. It is best not to buy it all at once. For example, the Bank of China's foreign exchange quotation changes every 30 seconds. On the same day, at different times, the exchange rates are different.

3. Overseas currency exchange Overseas currency exchange is actually a good method. In Europe, not all countries use the Euro. Usually our approach is to go to the country where we are located and exchange currency locally. There are mainly the following places for overseas currency exchange.

4. Foreign Currency Credit Card ICBC has upgraded its multi-currency card, "ICBC Global Travel Credit Card". In addition to direct payment in RMB, this card can also be used in US dollars, euros, Hong Kong dollars, British pounds, and Japanese yen. , Singapore dollar, Canadian dollar, Australian dollar, Swiss franc, New Zealand 10 foreign currencies can be paid directly, which can save foreign currency exchange fees. Most banks' dual-currency credit cards only support one foreign currency. If your foreign currency is US dollars, then if you spend euros, you need to convert the euros into US dollars first. The cardholder needs to pay the difference when repaying the loan. Or the handling fee, which is not cost-effective at the moment. ICBC's multi-currency cards waive this fee. It is recommended to try to find such a convenient and discounted credit card.

5. Optimization method: exchange a small amount of foreign currency at home + carry some RMB with you + an overseas credit card. Finally, I would like to remind everyone to pay attention to the following points when traveling abroad: 1) Exchange a small amount of foreign currency at home first, and then leave the airport like this , you can choose to take a taxi or take the airport bus, because most of the time you have to pay in cash. After all, it is still not cost-effective to exchange currency at the airport. 2) Bring some RMB, go to foreign currency exchange stores to compare prices, and then exchange currency as needed. Because the number of Chinese tourists traveling abroad continues to increase, most tourist countries can now directly exchange RMB. 3) If you can swipe a credit card, you must swipe it. The premise is a credit card with foreign currency function.