Current location - Loan Platform Complete Network - Foreign exchange account opening - There is a question. In the London foreign exchange market, if1= 1.7845-1.7865, is the selling price1.7845 or1.7865? The answer is 1.7845.
There is a question. In the London foreign exchange market, if1= 1.7845-1.7865, is the selling price1.7845 or1.7865? The answer is 1.7845.
This is a customer-oriented expression, and the selling price is lower than the buying price.

This is 1.7845.

Bank selling price = customer buying price

Bank buying price = customer selling price

Banks have to earn spreads, so the buying price of customers is higher than the selling price.

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