Exchange virtual currency

1.

The Bank of China is a specialized foreign exchange bank designated by the state. Bank of China is a specialized foreign exchange bank designated by the state

basically, most banks can exchange foreign currencies, such as Bank of China, instrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of communications, China Merchants Bank, China CITIC Bank, Instrial Bank of China, Shanghai Pudong Development Bank, HSBC and Standard Chartered Bank, which are approved by the state to operate foreign exchange business

when you go to the bank for exchange, you need to pay attention to:

call 95566 first to inquire about the appointment

for a single transaction of less than US $10000 per day or other equivalent currencies, no proof is required; Proof documents are required for more than US $10000; Therefore, large amount can be exchanged in multiple transactions and days, with a maximum of 50000 US dollars per year

take your ID card and other relevant documents

extended data:

foreign exchange bank is also called "exchange bank". A bank specialized in foreign exchange business and international settlement

types of foreign exchange banks:

domestic banks specialized in or concurrently engaged in foreign exchange business

branches of foreign commercial banks in China and joint venture banks in China and foreign countries

other domestic financial institutions engaged in foreign exchange trading business, such as trust and investment companies, financial companies, etc

2. 1. bitcoin is bought in RMB on domestic platforms and sold in US dollars on foreign platforms
2. Buy bitcoin and sell the same amount of bitcoin on the platform. No matter whether bitcoin goes up or down, you will not lose money (you will lose some fees and interest).

3.

1. According to the detailed rules for the implementation of indivial foreign exchange management measures, the annual total amount of indivial foreign exchange settlement and domestic indivial foreign exchange purchase is controlled, which is equivalent to 50000 US dollars per person per year

2. The actual exchange price is not the exchange rate found on the Internet. For example, the exchange rate between us dollar and RMB is 1 US dollar = 6.8585 RMB. When you go to the bank for exchange, it may be 6.9 RMB before you can exchange 1 US dollar. Different banks have different foreign exchange selling prices. You can check the foreign exchange selling prices of different banks

The bank is the only formal way to purchase foreign exchange in China, and it needs to carry ID card to handle foreign exchange purchase business

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extended data:

exchange rate refers to the ratio or price comparison between one country's currency and another country's currency, or the price of another country's currency expressed in one country's currency. Exchange rate changes have a direct regulatory effect on a country's import and export trade. Under certain conditions, the devaluation of domestic currency, that is, the decline of exchange rate, will promote exports and restrict imports; On the contrary, the appreciation of domestic currency, that is, the rise of exchange rate, will restrict exports and increase imports

4. At present, bitcoin is only accepted as the virtual currency medium for foreign exchange, not other virtual currencies, mainly because it is responsible for customers, while bitcoin is relatively stable and widely accepted by people in various countries.

6. 1. When the RMB appreciation against the US dollar, that is, the exchange rate of US dollar against RMB enters the downward channel
A: when silver is in a downward trend, the decline fluctuation of Tiantong silver is greater than that of international silver
b: in the rising trend of silver, the rising range of Tiantong silver is limited, which is less than that of international silver
2. When RMB depreciates against US dollar, that is, when the exchange rate of US dollar against RMB enters the upward channel
A: when silver is in a downward trend, the downward fluctuation of Tiantong silver is weaker than that of international silver
b: in the rising trend of silver, the rising range of Tiantong silver is stronger than that of international silver.

7. To understand the impact of inflation on silver, it is necessary to analyze from the long-term and short-term, and combine with the degree of inflation in the short term. In the long run, if the annual inflation rate changes in the normal range, then its impact on the fluctuation of silver price is not significant; Only in a short period of time, the price of silver will rise sharply, causing people to panic, and the unit purchase of money will decline.

8. The effect of the devaluation of RMB on the gold and silver market can be analyzed from two aspects: first, the devaluation of RMB causes some people to buy gold and silver to maintain their value and avoid risks; Second, the devaluation of RMB has increased the US dollar and reced the pressure of US inflation, thus recing the possibility of the US Federal Reserve raising interest rates

a lower RMB exchange rate means a lower RMB exchange rate against the US dollar, and a lower RMB exchange rate means a devaluation of RMB. The decline of RMB exchange rate is a shock to gold and silver. Generally speaking, it will cause the price of gold and silver to rise

on the other hand, if gold and silver are regarded as a kind of currency, the impact of RMB depreciation will become positive. The devaluation of RMB has caused turbulence in the international market. At the same time, the expectation of the Federal Reserve to raise interest rates has been affected. The future trend of the US dollar is also worrying, which has greatly boosted gold and silver negatively related to the US dollar

what impact will RMB devaluation have on gold and silver
the reaction of gold and silver to the devaluation of RMB can be explained as follows: in the current gold and silver market, the supply and demand relationship in the real market, or the influence of gold and silver market as a bulk trading proct, is less than that of gold and silver market as a currency or investment proct. Of course, factors such as the Fed's interest rate increase and the stronger US dollar are still the biggest factors affecting the sharp decline of gold and silver prices

furthermore, China is the second largest gold and silver demander in the world. The devaluation of RMB will stimulate the Chinese people's demand for gold and silver, and reflect the value-added and value preserving characteristics of gold and silver, which will raise the price of gold and silver. As a result, foreign exchange will flow out of China. Once it happens, China's economy will fluctuate accordingly, and investors will have a risk aversion mood, which will lead to the buying of gold and silver, and the price of gold and silver will rise accordingly

impact on the supply of gold and silver: from the perspective of China's demand for physical investment, RMB depreciation will lead to the relative shrinkage of indivial investors' cash and stimulate people's awareness of investment and financial management, while gold and silver will become the preferred object in the asset allocation list. Therefore, RMB depreciation will not only have no impact on the supply of gold and silver, but also in the short and medium term, On the contrary, it is good for speculation of gold and silver

in fact, more and more data show that Chinese investors are constantly influencing the whole gold and silver market. On June 28, the international gold price was caused by investors locking in profits and fleeing. However, Alex Thorndike, a trader of MKS group, said: "so far, it's mainly China's selling. Chinese investors are selling all the way as the price of gold rises, especially when it breaks through $1300. We continue to see their big selling price "

another example is the sharp fall of gold price on national day. Although there are many explanations for the sharp fall of the market, Andy Hoffman, an analyst of precious metals, believes that the real reason for the sharp fall is actually very simple, that is, China's holiday. In the past few years, when China's National Day holiday, gold and silver will staged a sharp rise and fall in the market. Hoffman said that China's market is closed, which means that the gold and silver market is easy to be manipulated. To be precise, billions of dollars of leverage can break the market

the devaluation of RMB will make the price of gold and silver rise. Due to the predictable large fluctuation of gold and silver and the two-way transaction of speculation in gold and silver, the devaluation of RMB is undoubtedly a good investment opportunity.

9. The so-called inflation refers to the phenomenon of currency devaluation caused by the issue of paper money exceeding the actual demand in commodity circulation. The circulation law of paper money shows that the circulation of paper money can not exceed the amount of gold and silver money it symbolizes and represents. Once it exceeds this amount, the paper money will depreciate and the price will be inflated. In addition, inflation will only appear under the condition of paper currency circulation, but not under the condition of gold and silver currency circulation. Because gold and silver money has its own value, its function as a means of storage can be adapted to the amount of money needed. Under the condition of paper currency circulation, because the paper currency itself has no value, it only represents gold and silver, and can not be used as a means of storage. Therefore, if the amount of paper money issued exceeds the amount needed for commodity circulation, it will depreciate

what is the impact of inflation on the price of silver? As we all know, silver itself has the function of resisting inflation, and the original silver itself has a very high value. As the world's non credit, silver is not only the embodiment of value, but also has its own value as a precious metal. In an inflationary environment, the value of banknotes, deposits and other credit notes will be greatly reced, and in some cases, money will be equivalent to paper. Each metal will lose its value as a precious metal. Therefore, it is no exaggeration to say that the value of silver is eternal. The most obvious embodiment of this significance is the investment value of silver in the era of inflation - paper money, etc. will pass through silver but not. Therefore, in the era of currency liquidity flooding and inflation rampant, silver will be particularly sought after by investors because of its anti inflation characteristics, and its price will rise significantly

besides, what is the impact of inflation on the price of silver? The impact of inflation on silver price also depends on the ration of inflation and the future trend of inflation. If the annual inflation rate changes in the normal range, then its impact on the silver price is not obvious; Only in the short run, when the price rises sharply and the unit purchasing power of money drops sharply, the price of silver will rise significantly. After entering the 1990s, the world has entered an era of low inflation, and silver, as a symbol of monetary stability, is increasingly shrinking. However, as a long-term investment tool, silver is still the safest way to invest< br />