Renminbi is converted into dollars (euros) at the spot foreign exchange selling price. If you want to convert US dollars (euros) into RMB, you have to pay the spot purchase price, and if you want to withdraw cash, you have to pay the spot purchase price (the foreign exchange rate of RMB changes from time to time, so according to the exchange rate of 20 16: 45 on June 2, 2006, 1 euro is equal to 7.39 12 RMB).

Example:

USD 65438 +0 can be converted into RMB 6.5656 (transfer: cash purchase price);

USD 1 convertible RMB 6.5 134 (withdrawal: cash purchase price).

6.5922 RMB convertible 1 USD (cash/spot exchange selling price).

1 euro can be converted into RMB 7.3396 (transfer: cash purchase price);

1 euro can be converted into RMB 7. 1039 (cash withdrawal: cash purchase price).

7.39 12 RMB convertible 1 euro (cash/spot exchange selling price).

100 yen can be converted into RMB 6.002 (transfer: spot foreign exchange buying price);

100 yen can be converted into 5.8 122 yuan RMB (cash withdrawal: cash purchase price).

6.0502 RMB convertible 100 yen (cash/spot exchange selling price).

If a foreign currency is to be used in other countries that do not support it, it must be purchased.

When a bank sells foreign currency, the price of cash is the same as that of cash. When buying foreign currency, the price of cash is higher than that of cash.

The cash purchase price is the local currency amount payable to the seller when the bank purchases one unit of foreign currency cash.

If users want to send money after purchasing foreign exchange, they must choose to purchase foreign exchange in cash, otherwise they need to convert cash into cash and pay the fee for converting cash into cash. The calculation formula of money transfer fee: money transfer fee (RMB) = remittance amount (foreign currency) × (cash selling price-cash buying price).

The US dollar equivalent settlement and reference exchange rate are for reference only, and the final result is subject to the exchange rate when the settlement transaction is submitted.

In fact, when RMB is converted into foreign currency, the price of cash and cash is the same. There is no difference. Only when foreign currency is converted into RMB, the price of cash is higher than that of cash;

Is it a cash bid or a cash bid?

The direct cash exchange at the counter is based on the cash selling price. If the balance in the account is directly exchanged, it is the cash selling price.