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Frequently Asked Questions

What are the exchange rates for the Chinese yuan renminbi?

Chinese Yuan Renminbi Exchange Rates Table Chinese Yuan Renminbi 1.00 CNY inv. 1.00 CNY US Dollar 0.154346 6.478968 Euro 0.129953 7.695110 British Pound 0.111026 9.006907 Indian Rupee 11.497117 0.086978 6 more rows ...

How are exchange rates updated on foreign exchange?

Our Foreign Exchange service will automatically apply the latest exchange rate when your transaction is made. The exchange rate is a live rate, which is updated minute by minute during market hours. How do I convert FCY to RMB? The annual quota for individual settlement of foreign exchange is equivalent to USD50,000 per person per year.

Does HSBC do foreign exchange in China?

Yes, HSBC (China) exchange service HSBC (China) exchange service New window offers the latest exchange rates. Our Foreign Exchange service will automatically apply the latest exchange rate when your transaction is made. The exchange rate is a live rate, which is updated minute by minute during market hours. How do I convert FCY to RMB?

How can I purchase foreign exchange with RMB in China?

With regard to the legal income in RMB under the Current Account FCY Funds held within Mainland China's borders, you should purchase foreign exchange by presenting your valid identity certificate and the related evidential materials (inclusive of tax voucher).

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