Cash refers to various payment vouchers expressed in foreign currency, which can be circulated and transferred in the international market and can be freely converted into other countries' currencies. Such as US dollar, British pound, Swiss franc, German mark and other currencies of major western countries. Refers to foreign currency bills remitted from abroad or brought in from abroad and transferred to personal bank accounts. ?

Foreign exchange cash is tangible foreign banknotes and coins. When customers want to transfer cash abroad, they can bring cash or remit money. However, when customers use "remittance", because cash is in kind, the bank must transport it abroad, and the transportation expenses will be borne by the customers, which is manifested as "selling cash to buy cash" (customers sell cash to buy cash).

2. From the perspective of storage.

It takes some time for banks to collect foreign currency cash and accumulate it to a certain amount before it can be transported and deposited in foreign banks for transfer. During this period, banks have to bear certain interest losses and freight, insurance and other expenses during transportation.

Therefore, the bank will transfer these losses and expenses to the customers who sell cash, so the price paid by the bank to buy cash is lower than the price of buying cash, that is, the price of customers selling cash is lower than the price of buying cash.

3. Different values

Take the dollar as an example. When sending money abroad, the cash amount is limited to the equivalent of 2000 US dollars, and the cash remittance is equivalent to 50,000 US dollars. Cash remittance also charges the difference between cash and foreign exchange, and the dollar is about 0.9% (in different currencies).

Cash refers to foreign currency notes held by individuals. Cash refers to foreign currency bills and vouchers.

Baidu Encyclopedia-Cash

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