Have you paid your clients with rmb? share your experiences.

My supplier converted my $ USD amount to RMB by calculating it this way: eg. $1500 *6.5 = 9,750
(6.5 is rate of 1cny to 1$)
I don't think it's right.

I think he should just give me the rates of the items in rmb.
What are your experiences

Anyone?

He gave u the perfect calculation

ayaba:
Have you paid your clients with rmb? share your experiences.

My supplier converted my $ USD amount to RMB by calculating it this way: eg. $1500 *6.5 = 9,750
(6.5 is rate of 1cny to 1$)
I don't think it's right.

I think he should just give me the rates of the items in rmb.
What are your experiences

Dollar is a universal currency Ayaba thus your supplier providing voucher in it. Rates of items in yuan will amount to $1500 most likely if you had told him to take the yuan route earlier. Cheers. .

Eghosa1:


Dollar is a universal currency Ayaba thus your supplier providing voucher in it. Rates of items in yuan will amount to $1500 most likely if you had told him to take the yuan route earlier. Cheers. .

Thank you Eghosa.
With this calculation, I will be paying more
It's not cheaper as I envisaged.

....

me and my chinese partner transact yesterday at the rate of 6.39 to usd. Its depend, why some are converting based on parralel market, Some are charging according to the exchange rate their bank used. just tell your supplier to give you the direct rmb rate, here you will be on a safer side, Incase you want to pay your chinese,luxemburge suppliers, Lazada,turkey, Spain,Usa......Halla at me.

ayaba:


Thank you Eghosa.
With this calculation, I will be paying more
It's not cheaper as I envisaged.

True. Let us hope the swap deal sails through for the country. Have you made your payment and do you have a cheaper means of payment? I saw something you mentioned even about 30k and the $5 ROI. Can you fill me in on it?