1, the spot purchase price refers to the price at which banks buy foreign currency in the hands of customers; Generally speaking, banks set foreign exchange prices according to state regulations. If foreign currency is sold to a bank, it should not be cashed.

2. The buying price of cash refers to the price at which banks buy foreign currency cash from customers; Generally speaking, banks set foreign exchange collection prices according to state regulations. If you sell your physical foreign currency to the bank, you can cash it.

The selling price of cash and cash is the same, that is, the selling price. Selling price refers to the exchange rate at which banks sell foreign currency to customers, that is, the exchange rate at which customers buy foreign currency from banks.

4. The difference between remittance and paper money: remittance refers not to ready-made money, but to the data displayed in the computer, and paper money is physical foreign currency. Buying and selling are all from the perspective of banks.

Cash refers to foreign currency bills and vouchers remitted from abroad or brought in or sent in from abroad. In our daily life, we often come into contact with overseas remittances and traveler's checks.

Spot buying price is the foreign exchange buying price, which refers to the price at which banks buy foreign exchange. Cash price: the bank sells "cash".

Generally speaking: cash selling price > cash selling price > cash buying price > cash buying price.