Under normal circumstances, the exchange rate used by an enterprise in one month is the benchmark exchange rate of China Bank on the last day of last month, so that exchange gains and losses will be generated at the end of the month.

How to distinguish settlement from reconciliation? This is very simple. Before settlement, it is USD, and after settlement, it is RMB.

Exchange is a way, method and means of payment and settlement. Payment and settlement refers to the behavior of units and individuals using bills, bank cards, remittances, collection and acceptance, entrusted collection, electronic payment, domestic letters of credit and other settlement methods to make monetary payment and fund settlement in social and economic activities. Exchange is one of many settlement methods. A remittance receipt is a receipt issued by the remittance bank to the remitter during the remittance process.