The meanings of these nouns are as follows:

First, the meaning of nouns

The buying price of cash refers to the price at which banks buy foreign currency cash and customers sell it.

Spot buying price: refers to the price at which banks buy foreign currency spot and customers sell foreign currency spot.

Cash selling price: refers to the price at which banks sell foreign currency cash and customers buy foreign currency cash.

Spot selling price: refers to the price at which banks sell foreign currency spot and customers buy foreign currency spot.

Second, the bank's foreign exchange quotation table analysis

In the foreign exchange quotation table of the bank, the cash buying price/cash buying price/cash selling price are all expressed by the bank as the main body. Cash refers to freely convertible bills of exchange, checks and other foreign currency bills. Cash is tangible foreign banknotes and coins.

Spot bid price (foreign exchange bid price): the price at which banks buy foreign exchange.

Cash bid price (currency bid price): the price at which banks buy foreign currency cash.

Spot selling price: the price at which banks sell foreign exchange.

Cash selling price (note selling price): the price at which the bank sells foreign currency cash.

Middle price (benchmark price): the foreign exchange quotation of the day published by the foreign exchange trading center authorized by the People's Bank of China.

Personal foreign exchange trading business is mostly based on the principle of paper money for paper money and foreign exchange for foreign exchange. Cash cannot be converted into cash at will, and a certain handling fee is required to convert it into foreign exchange.

Moreover, the purchase price of cash is often different from that of cash, because after the bank buys cash, it needs to be classified and kept according to denomination and format, transported to the issuing country, or transferred between different outlets. The cost is much higher than that after buying cash, and there is also the risk of receiving counterfeit banknotes. So the buying price of paper money is lower than that of foreign exchange.

Some banks have only one selling price (that is, partial paper money selling price and foreign exchange selling price). Because banks sell cash, customers can take it out after paying a certain exchange fee, so there is only one selling price.