Currency foreign exchange rate is the price of domestic currency expressed in another country's currency, and its level is ultimately determined by the foreign exchange market.

1, exchange rate for purchasing foreign exchange. Refers to the exchange rate used when buying foreign currency with RMB. Pay RMB and receive foreign currency. Whether you buy foreign currency cash or foreign currency cash, it is the same price.

2. Exchange rate. The exchange rate of foreign exchange settlement is divided into spot exchange rate and spot exchange rate. The difference between settlement of foreign exchange and settlement of banknotes lies in whether investors sell foreign exchange in their accounts or in their hands. That is, the price used to convert foreign currency cash or cash into RMB. Some banks settle cash at the same price as cash, some banks are different, and some banks use cash prices uniformly.

Tips: The above information is for reference only.

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