To put it simply, it means holding foreign currencies and doing more financial management activities in banking, financial and insurance institutions.

Generally speaking, foreign currencies are basically handled in banks at present, and the currencies are the most circulated ones, such as US dollars, Hong Kong dollars, Euros, Australian dollars and Japanese yen.

If the amount is small, you can choose a monetary fund equivalent to a foreign currency, such as a daily deposit, which can be redeemed at any time with daily deposits, regardless of the amount.

For slightly larger amounts, such as US$8,000 or more than 9,000 yuan in Australian dollars, you can use financial products issued by banks for three months to one year, which are generally fixed income. Australian dollars are relatively better because the interest rate is high and the currency value is at

appreciation cycle.

However, it is best for foreign currency financial management that you already hold foreign currencies. Currently, the RMB is in an appreciation cycle. If you exchange RMB for foreign currency for financial management, it will indeed outweigh the gains and losses.

Originally, the prospects for the Australian dollar and the Canadian dollar were promising, but they are currently at record highs. If you must change, be aware of the risks.