What's the best way to sing for money? Practical Knowledge for Beginners

After the recent announcement of Hong Kong's switch-off, many people have chosen to travel abroad, and the expectation of three years of travelling outside the country can finally be realised, so it is definitely necessary to change money, but if you pay attention to the trend of foreign currencies, you certainly do not know that you can also buy and sell to earn the difference in price, and even earn long-term investment. However, there is one thing that many beginners do not understand. They certainly do their homework on the Internet. The exchange rate of Japanese Yen notes to Hong Kong banks is not enough, but when you go to a bank or find a swap shop, the exchange rate is not the same as the rate on the Internet, and you don't know where you can buy them. In fact, singing foreign currencies not only need to grasp the timing, but also need to grasp the following basic concepts:

Learn to ask for prices and check the actual exchange rate first.

There are a lot of people checking the exchange rate on the internet thinking that they can exchange money at this price, but in reality there is no central location where you can exchange foreign currency, and the exchange rates that people see are trading. As long as the price is average, basically no one can exchange money at that price. As long as the price is average, basically no one can trade at that price. Back in reality, when you ask a money changer or a bank for money, the price you really want to see is the "asking price". And it tells you the price, so when you ask for the price you have to look at the "Ask" and you have to use the "Bid" (offer). The higher the number, the better. The bid and ask is the "exchange rate difference" that represents your cost of capital.

Cheap Telegraphic Transfer, please exchange in advance

Some people choose to go to the bank to buy foreign currency because it is relatively safe and will be higher. There is too much cash in each country and if you want to change the price quickly, you should of course set it higher. If you want to be smart, you can choose Telegraphic Transfer (TT), the method is very simple: open a foreign currency account, check the exchange rate in your mind, click the button for online money exchange, and then go through the foreign exchange branch or head to cash money machine. The price of this method is relatively low, but you should pay attention to the question of whether the account has a handling fee. Otherwise, you'll work hard to get a good rate, but your loss won't cover the handling fee!

The Ultimate Method - Ling Ling Zi

You can use Whatspp or WeChat to find a money changer that can book foreign currencies with good exchange rates and affordable prices.