The purchase price is that you use the dollars in your hand to go to the bank and change them into RMB. It is equal to selling dollars for RMB; For banks, they buy dollars and pay RMB. Foreign exchange is divided into cash and cash. Simply put, cash is foreign currency, checks, drafts and other electronic forms of foreign exchange in your bank account. Cash refers to foreign currency notes and coins. Because the storage, transfer, transportation and custody of cash are much superior to cash, the purchase price of cash is higher than cash.
Benchmark price, BOC conversion price, unfamiliar. Literally, it should be an average and the price converted between banks.