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N&J

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  3. oh where oh where did I leave my wallet

    in The Middle Kingdom - 中国

    Posted

    I did but not literally

     

    Sent my SO so cash so she can use it for the CNY and it didn't end up as much.

     

    maybe by 2010 5 rmb to $1

     

    Nate do not jinx my retirement fund!!! :)

     

    I sent the Mrs. her cash also, did not go as far!!! :D

     

    Mark and feng! :D

     

    Mark,

     

    It sucks.

    Saw on Bloomberg today RMB is now 7.16 and the one year futures contract is 6.5795 or by this time next year expect 6.58 RMB to the $.

  8. BIG problems with Little Chinese Wife

    in Culture & Language Discussion

    Posted

    ;) If there is a HSBC ATM or an ATM that will take HSBC, you can open an account in the US and use the ATM there. (I once used I think China Bank ATM to make withdrawal)

     

    Once you activate it, let them know it will be okay that your fiancee will be making withdrawals and that you understand that you are solely responsible for any lost or theft.

     

    Send or leave her the card. Transfer funds can be done over the internet from a different account to your HSBC account. Transfer the $200 or whatever you are sending, takes about three days to complete, no transaction cost, only slight difference in exchange rate when she make the withdrawal.

     

    The daily limit to withdraw is $1000 or about 7200 rmb.

     

    As a side benefit, any funds in the account is paid 3.5% interest but going down.

     

     

    Good luck

    :blink:

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