Where can I exchange for foreign currency before traveling abroad?

You can redeem it before leaving the country, or you can redeem it locally at the tourist destination. If you want to exchange it domestically, you can exchange it at a bank. Normally, each person can only take out 30,000 U.S. dollars or other foreign currencies equivalent to 30,000 U.S. dollars. If you want to exchange it locally, you can choose to exchange it at a foreign currency exchange shop outside the airport or tourist spot. . Generally speaking, it is most cost-effective to exchange money at domestic banks, and the most expensive at the airport.

When traveling abroad, you can exchange RMB into foreign currencies at various foreign exchange banks:

1. Various 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 banks. Operating a bank;

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

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

4. The annual total amount of domestic personal foreign exchange purchases is US$50,000. Equivalent in foreign currency.

Based on various circumstances, the State Administration of Foreign Exchange has standards for exchange limits.

(1) When residents settle abroad, they can exchange all domestic retirement pensions, severance payments, and pensions into foreign exchange; if the severance payment is less than 2,000 U.S. dollars and those with no salary income, they can exchange it all at once. USD 2,000 (half discount for children under 14 years old). A residence permit is required when applying.

(2) Those who visit relatives, travel abroad, travel abroad at their own expense to participate in international academic reports, or are employed as teachers can redeem US$1,000 when going to Hong Kong and Macau, and US$2,000 when traveling to countries and regions outside Hong Kong and Macau (including Taiwan). When applying, provide the bank with your passport, visa, invitation to give lectures abroad, certificate of work unit and exit documents.

(3) Self-funded students studying abroad and self-funded pilgrims can redeem 2,000 US dollars at one time. When applying, you must present your passport, exit certificate, and study abroad admission notice, and pilgrims must provide documents from the provincial religious affairs administration.

If you order medicines, medical equipment, etc. by mail from overseas, you can exchange them up to US$1,000. When applying, please present the hospital certificate, doctor's prescription, and workplace certificate.

(4) Due to illness or accident after a domestic resident leaves the country to settle down, relatives in the country need to remit money abroad, which can be exchanged for US$1,000. When applying, present valid certificates from the local hospital and notary department where you have settled abroad (or certificates from our embassy or consulate abroad).