Cash purchase price: cash purchase price refers to the price at which banks buy foreign currency cash and customers sell foreign currency cash. ? Because banks have to bear higher costs after buying cash than buying cash.

Sell cash to banks and sell foreign exchange deposits of foreign banks to banks. This foreign exchange deposit was transferred from your name to the bank's name from the moment you sold it to the bank.

Foreign exchange purchase price:

Buying price of cash: 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.

Cash selling price: Simply put, cash selling price means that the bank sells you foreign currency and uses local currency (RMB) to let the bank exchange foreign currency. ?

Spot selling price: Spot selling price is the exchange rate at which a bank sells its quasi-currency. Refers to the price of foreign currency sold by banks to customers, which customers use when purchasing foreign exchange.

Extended data:

The difference between the foreign exchange purchase price of bills and the foreign exchange purchase price;

Money: refers to cash, get the money in your hand.

Remittance: refers to the amount of foreign currency funds deposited in the bank.

Generally speaking, the buying exchange rate is higher than the buying price of paper money.

If you want to use paper money, buy it, and the exchange loss will be higher.

If it is used for international remittance, foreign exchange can be purchased, and the exchange loss will be lower.

References:

Baidu encyclopedia-spot purchase price