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Why is there such a big difference between the exchange rate of Japanese yen and RMB at China Merchants Bank and the actual exchange rate? Will Bank of China be higher?

If you want to handle the foreign exchange settlement and sales business at Bank of China, 1. The customer handles the business with a valid identity document. Depending on the business nature, amount and other conditions, if necessary, other supporting materials in addition to valid identity documents need to be provided in accordance with the foreign exchange settlement and sales management system. 2. The bank handles foreign exchange settlement and sales business according to the real-time quoted price announced on the day. 3. Customers can go to our bank to handle foreign exchange settlement and sales business with their accounts or cash. However, we would like to remind you that if you want to withdraw foreign currency cash, you need to make an appointment with the branch in advance.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses.