The exchange rate is provided by WeChat Pay’s partner banks, and the exchange rates of different partner bank channels may differ. For WeChat in-store payment transactions, you can generally enjoy an exchange rate that is better than the exchange rate quoted by the partner bank on the day. After you make a purchase, you can see the settlement currency and exchange rate of the transaction on the bill details page. The settlement currency will vary according to the requirements of local policies or the requirements of partners.

1. Foreign exchange rate: expressed in terms of the amount of domestic currency that can be exchanged for a unit amount of foreign currency, called the foreign exchange rate. Our country usually uses 100 units of foreign currency as the standard and converts it into a certain amount of RMB, that is, using RMB to express the price of a certain foreign currency. The formula is 100 units of foreign currency = x￥. If the RMB depreciates and foreign currencies appreciate, the RMB exchange rate will fall and the foreign exchange rate will rise; conversely, if the RMB appreciates and foreign currencies depreciate, the RMB exchange rate will rise and the foreign exchange rate will fall accordingly.

2. Pay attention to the following when using credit cards for consumption abroad:

(1) Try to choose password + signature for consumption verification;

(2) Before signing the purchase order , please confirm whether it is your card number, and whether the amount and currency are consistent with the actual transaction. When spending overseas, if there is a tip column on the purchase form, be sure to add it with the actual consumption amount and fill in the total amount column, confirm it is correct before signing;

(3) Do not sign in the blank space at will Sign your name on the order;

(4) If the transaction is canceled or the amount is incorrect, be sure to confirm that the purchase document has been destroyed;

(5) The signature should be retained after swiping the card for consumption. Bill or record for reconciliation with bank statement. If the cardholder requests the bank to review the statement due to negligence, the card issuer will charge a bill review fee;

(6) Develop the habit of regular reconciliation. If there is any problem with the transaction on the statement, , you must contact the card issuing bank in time, and before the suspicious transaction is clarified, you must first repay according to the statement to avoid unnecessary interest expenses;

(7) If there is a machine failure, use manual When placing orders, please try to keep the card within your sight, and be sure to pay attention to the number of times the cashier presses orders. Check whether there are two overlapping documents, whether the transaction amount and currency are correct, etc., and sign after confirming that they are correct. Ensure that the card will not be stolen or misused by others;

(8) When encountering a situation where the card swiping password is incorrect or the correct password cannot be used, the book balance in the credit card should be checked as soon as possible; currently, UnionPay cards It can be used in 90 overseas countries and regions. UnionPay card acceptance services have been opened in Hong Kong, Macao, Taiwan, Japan, South Korea, Singapore, Malaysia, Thailand, the United States, the United Kingdom, Australia and other overseas travel destinations frequently visited by Chinese people. If you plan to go on vacation overseas, in overseas countries and regions where UnionPay card acceptance services are available, be sure to remind the cashier to use the UnionPay network for settlement when swiping your card. This can waive the currency conversion fee that accounts for approximately 1%-2% of the card amount. It will save you a lot of money.