When carrying foreign currency into China (such as Euro or US dollars), there are numerous places where you can exchange cash. You’ll need to take into account the exchange rates, the overall convenience and the risk involved as you choose your method. The three primary places to exchange ...
or on a percentage basis. To lure you in, some exchange kiosks will post their “sell rate” for US dollars rather than the “buy rate” (which is what you want if you’re changing US dollars into foreign currency) and they can differ dramatically...
Secure currency transactions using Escrow.com. Ensure that the funds are tranferred and both parties have agreed upon the Escrow transaction.
Unfortunately, in January of 2017China banned virtual currency exchanges, which now makes it very difficult, if not impossible, to buy and sell Bitcoin using Chinese yuan. Because of this, most people in China are not able to buy Bitcoin. If you’re not aware, Bitcoin is a digital currency...
It was a good idea to call the new European monetary unit the 'European Currency Unit', abbreviated to ECU. The acronym reminds all the French-speaking inhabitants of the Community of those illustrious coins of old, known as Ecu in French. This modern Ecu was intended by its originators to...
GBP/USD Technical Analysis: When to Buy or Sell GBP/USD So far, you have learnt that the GBP/USD exchange rate moves in pips and the major factors that influence the movement of the currency pair. Now that you also have access to one of the top trading accounts for Forex traders, as...
Forex, a portmanteau of foreign and exchange, is where banks, businesses, governments, investors, and individuals buy or sell currencies. Whenever you purchase something in another currency or exchange cash to get the local money of your vacation destination, you’re taking part in the forex or...
If you buy an FT quota ticket at a ticket office or tourist reservation centre, you must pay in US Dollars, pounds sterling, or rupees backed by an exchange certificate proving they've come from a bank or bureau de change in exchange for foreign currency. Rupees backed by an ATM receipt...
Some crypto holders may be looking for ways to cash in on market enthusiasm by selling their digital assets, while others may be simply looking to get off the rollercoaster.If you’re going to sell any crypto, you’ll want to know your options and how to do so. You’ll also want to...
*Special Note*For those opening a foreign business in China, your choice of bank makes a much greater impact on you than as an individual. I recommend you contact a lawyer or specialist before deciding where to open a bank account in China. ...