How many U.S. dollars can one person exchange?

USD 50,000

The annual total amount of personal foreign exchange settlement and domestic personal foreign exchange purchase shall be managed. The annual total is equivalent to US$50,000 per person per year respectively. The State Administration of Foreign Exchange may adjust the annual total based on the balance of payments.

The sales or purchases of foreign exchange by domestic individuals (i.e. foreign exchange settlement and sales) are subject to annual total management. The annual total is equivalent to US$50,000 per person per year respectively. Individuals who purchase foreign exchange equivalent to less than 50,000 US dollars in a year can handle it directly at the bank with their valid identity documents. If the amount exceeds the limit, in addition to a valid personal identity document, relevant certification materials required for payment must be provided at a designated foreign exchange bank.

Extended information:

Redeeming the unused RMB to foreign exchange can be done with your valid identity document and the original exchange receipt. The redemption validity period of the original exchange receipt is from 24 months from the date of exchange; for redemptions where the cumulative exchange value on the day does not exceed the equivalent of US$500 (inclusive) and the cumulative exchange value on the same day does not exceed the equivalent of US$1,000 (inclusive) at places outside the country before leaving the country, you can handle it with your valid identity document.

If the accumulated foreign currency cash equivalent on the day of remittance is less than 10,000 U.S. dollars (inclusive), it must be handled at the bank with your valid identity document; if the amount exceeds the above, you must present the true transaction amount under the current account. It must be handled with a valid voucher, the Customs Declaration Form for Entry Passenger Luggage and Items signed by the customs, or the foreign currency cash withdrawal document from the original deposit bank.

Baidu Encyclopedia-Foreign Exchange