Current location - Loan Platform Complete Network - Foreign exchange account opening - I have a lot of pounds in my hand and want to change them into RMB. Looking at the exchange rate, I found that the exchange rate is very different from buying banknotes.
I have a lot of pounds in my hand and want to change them into RMB. Looking at the exchange rate, I found that the exchange rate is very different from buying banknotes.
There are many factors that determine the price of cash, the most important of which is the transportation cost of currency and the transaction of the currency in the international market. Most of the foreign currency cash you need will be bought in the international market and then shipped back. Because the transaction price in the international market changes from time to time, the price of domestic banks when they buy coins is also different, which leads to different prices for you in the end.

The spot exchange rate is calculated according to the spot transaction price in the interbank market. The selling price of cash is based on the spot exchange rate and the cost of transporting cash.

For details, please consult the Financial Manager of Bank of China Branch.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.