The benchmark price is a middle price announced by the People's Bank of China. Other commercial banks can set their own buying and selling prices on the basis of the benchmark price and according to the floating range stipulated by the People's Bank of China.

China Bank's exchange rate, the central bank only announced the benchmark price of some foreign currencies. If there is no benchmark price, Bank of China will calculate a benchmark price, which is called the converted price of Bank of China, which is equivalent to a benchmark price.