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LSD,
I am not sure of the exchange rate part. But if you are physically in New Zealand and you want to transfer money to China, you'd better make sure that you have some one you can trust over there to receive the money. Bank of China said, if the transferred currency is New Zealand Dollar, bank will keep the currency for 1 month, during that month, the receiver can exchange it into Chinese RMB when they feel the exc hange rate is suitable. If not, then whole transaction will be reversed back to NZ bank (Not sure of the cost though). Of course, no one but the bank account owner (Bank of China) can do that. Considering NZ dollor is relatively sensitive on the international exchange market, you'd better do it at the right time and convert it to RMB at an appropriate rate. Or of course, you can convert it into American and Euro, after Bank of China receive it, then they can keep it until you want to change to RMB. |
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