How to check the UnionPay exchange rate
UnionPay exchange rate query path:
1. UnionPay International official website: Enter the UnionPay International official website and click "Help Center" at the top - Exchange rate inquiry;
2. Dial 95516 to inquire the exchange rate through IVR self-service (only supports Macau patacas, Hong Kong dollars, Japanese yen, Thai baht, US dollars, New Taiwan dollars, Malaysian ringgits, euros, Korean won and New Zealand dollars);
3. Check the exchange rate through the "China UnionPay 95516" WeChat ID - "Handheld Service";
4. Manually check the exchange rate by dialing 95516;
5. Download the UnionPay APP, click "More" on the homepage, find Wealth Management - Exchange Rate Calculation, and make inquiries.
br/The above content is for reference only, and the actual display path of the page shall prevail.
How to check the current UnionPay exchange rate
Log in to UnionPay International or dial 95516 to check.
The exchange rate used by UnionPay is a relatively preferential exchange rate obtained based on multiple channels and market-oriented principles. The exchange rate displayed on this webpage is derived from the exchange rate in the UnionPay system and does not include any additional fees charged by the card issuer.
Please note additional handling fees or exchange rate premiums that may be charged by the card issuer, as well as the impact of rounding.
For transactions using UnionPay cards, the exchange rate on the transaction date is used. In some special cases, the exchange rate on the transaction settlement date may be used. (The settlement date refers to the date when UnionPay conducts fund settlement with the issuing bank and acquiring bank, and the transaction date refers to the date when the transaction is actually initiated.)
The UnionPay system exchange rate is updated daily from Monday to Friday, and is extended on Saturdays and Sundays. Use Friday's rate. Unless there are special circumstances, some European currency exchange rates will take effect at 16:30 Beijing time, and other exchange rates will take effect at 11:00 Beijing time.
How is the exchange rate for UnionPay card cash withdrawal calculated?
It is calculated based on the exchange rate published by UnionPay on the day. Please refer to Baidu Encyclopedia.
You can search "Hong Kong Dollar
UnionPay Exchange Rate" on Baidu to KuaiEasy.com, and then click on "Korean Won" above to check the UnionPay exchange rate of the day in Korean Won.
This is the same exchange rate for UnionPay card purchases in South Korea.
How is the exchange rate calculated when using a UnionPay credit card overseas? Is it related to the bank? For example, will there be any differences between Bank of China and ICBC?
Overseas consumption with UnionPay cards can be used at merchants with the UnionPay logo. The settlement is in RMB, and the exchange rate is the UnionPay real-time exchange rate on the transaction day. Overseas consumption using non-UnionPay cards can use international organization logos, such as VISA, MasterCard, and JCB, and be settled in U.S. dollars or Japanese yen. The exchange rate is the exchange rate announced by the international organization on the day the transaction is recorded.
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 GOAPP to handle related businesses.
What is the conversion rate when withdrawing money overseas with a China UnionPay card?
When withdrawing cash or spending money overseas with a China UnionPay card, it will automatically be converted according to the exchange rate published by UnionPay on that day.
1. The release and effectiveness of China UnionPay exchange rates are based on Beijing time. Please pay attention to the time when using it in areas with time differences from China.
2. There will be additional handling fees and interest for cash withdrawals by credit card. It is recommended to use a debit card for cash withdrawals and use a credit card for consumption to avoid unnecessary consumption.
3. Dual-currency cards (referring to bank cards with the Visa or Mastercard logo on them, usually starting with 4 or 5) generally cannot choose China UnionPay channels for cash withdrawals abroad. It is recommended to use UnionPay single-currency cards. (UnionPay standard cards, usually starting with 62)
Extended information
The regulations of the Foreign Exchange Administration point out that starting from January 1, 2016, each UnionPay RMB card in China will be used overseas every year. The cumulative cash withdrawal shall not exceed the equivalent of RMB 100,000.
Under the current rules, individual residents’ foreign exchange purchases can only be used for external payments under the current account, including overseas medical treatment, purchase of non-investment insurance, personal travel, and overseas study, etc.
Reference material: People's Daily Online - The one-year limit for overseas cash withdrawals with UnionPay cards is RMB 100,000
This ends the introduction to UnionPay credit card exchange rate inquiry and UnionPay online exchange rate inquiry. Did you find the information you needed?