Where can I exchange RMB for foreign currency when traveling abroad?

When traveling abroad, you can change RMB into foreign currency at the foreign exchange bank.

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

The exchange rate changes every day (according to market demand, just like stocks). The exchange rate of the same bank is the same everywhere, and the exchange rates of different banks are slightly different;

3. There is no handling fee for exchange (because the handling fee has been included in the difference between the bank's selling and buying foreign exchange);

4. The total amount of foreign exchange purchased by domestic individuals each year is equivalent to 50,000 US dollars in foreign currency.

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Currency foreign exchange rate, abbreviated as FXRate, is the abbreviation of English "foreign exchange rate". The price of foreign currency is expressed in domestic currency, and its level is ultimately determined by the foreign exchange market. Foreign exchange transactions are generally concentrated in financial institutions such as commercial banks. The purpose of buying and selling foreign exchange is to pursue profits. The way is to buy cheap and sell expensive, and earn the bid-ask difference. The exchange rate at which they buy foreign exchange is the buying exchange rate, also known as the buying price. The exchange rate of selling foreign exchange is called selling exchange rate, also known as selling price.

Beginners can learn a few suggestions:

1. It is very important to set stop loss and control positions when trading. Generally, the exchange rate is expressed by 5 digits, and the last digit changes by 1, which is the smallest exchange rate change, called 1 point.

2. Choose a mainstream platform (supervised by FSA or NFA) to show whether their operation and capital flow are standardized and serious, which ensures our safety. The FSA in Britain has the strictest supervision.

Basic knowledge is a must. For example, the English name of currency is gold (XAUUSD), dollar (USD), euro (EUR), yen (JPY), pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), New Zealand dollar (NZD) and Swiss franc (CHF). It is recommended to read ABC, Foreign Exchange Rate Market, Japanese Candle Chart Curve of Foreign Exchange Rate and Ultra-short-term.

It is normal to make a profit by keeping a good attitude. Note: You also need to know some basic foreign exchange knowledge. Basic information and free e-books are downloaded from the download area of FXCM Global Gold Exchange, which contains e-books on foreign exchange technology and other free e-books.

Basic knowledge includes what is the trading time, what is the English name of currency, and what is the opening and closing time. If you are a novice, you can register a foreign exchange simulation account at FXCM Global Gold Exchange, and register for free first. Look at the simulation of foreign exchange speculation, and you will understand it slowly.