I used to need visas and other documents to buy foreign exchange, but now I don't need them. Every citizen who has an annual foreign exchange purchase quota of 50,000 US dollars needs a certificate of use.
If you want to deposit foreign currency in the bank after buying it, you can open a foreign currency account, and the bank will still pay foreign currency mainly when withdrawing it.
Extended data:
Compared with the current yield of RMB wealth management products of about 4.3%, dollar wealth management products with a yield below 1% can only be regarded as low-interest products. There is also a cost to convert RMB into dollars.
Take Bank of China (60 1988, Share Bar) as an example. On October 20th, the selling price of 65438+/KLOC-0 was 6.59, and the buying price was 6.5 1. This means that it costs 65,900 yuan to convert RMB into 10000 US dollars in foreign exchange, but if you convert 100 US dollars into RMB, you can only get 65 100 yuan, and 800 yuan will be damaged when trading, which is almost 1.2%. According to this standard, it is only appropriate to exchange RMB for US dollars to buy US dollar wealth management products if the appreciation of US dollars against RMB obviously exceeds 3%.
For ordinary people, the investment channels after exchanging dollars are relatively simple, mainly foreign currency deposits and dollar wealth management products, and their income is much lower than that of RMB deposits and wealth management in the same period. Only when the appreciation space of the US dollar is greater than the difference between RMB and US dollar financing, it is cost-effective to exchange US dollars to invest in US dollar financing.
However, in the medium and long term, the strengthening of the US dollar is a general trend, and the US dollar wealth management income is expected to usher in a mid-line rebound. For investors, it is meaningful to properly allocate some US dollar assets or invest in some short-term US dollar wealth management products from the perspective of risk diversification.
References:
Baidu encyclopedia-US dollar exchange rate