Current location - Loan Platform Complete Network - Foreign exchange account opening - It is often said that foreign exchange: 2 cents to buy dollars. But I looked at the foreign exchange rate, and all bank acquisitions were higher than this price. What's going on here?
It is often said that foreign exchange: 2 cents to buy dollars. But I looked at the foreign exchange rate, and all bank acquisitions were higher than this price. What's going on here?
Spot foreign exchange buying price refers to the foreign exchange transaction price when the foreign exchange remitted to your bank account from abroad is converted into RMB. That is, the price you take RMB.

The buying price of cash refers to the foreign exchange transaction price when foreign exchange cash is converted into RMB. That is, the price you sell to the bank.

Selling price refers to the foreign exchange transaction price executed when buying foreign exchange with RMB. That is, the price that the bank sells to you.

Buying and selling are all from the perspective of banks. For example, if you change foreign exchange into RMB, then the bank is equivalent to buying foreign exchange in RMB, so the purchase price is implemented. Different banks have different exchange rates. China People's Bank is higher. The exchange rate is variable.