Take the dollar as an example. Please read it carefully. The same is true of the euro. This is my article. Take ICBC's foreign exchange quotation as an example to give you a brief explanation. Take USD and RMB as the standard of foreign exchange selling, and the median price of foreign exchange buying: this thing has nothing to do with individuals, and it is the average of buying exchange rate and selling exchange rate. Its calculation formula is: the middle rate of exchange rate = (buying exchange rate+selling exchange rate) ÷2, which can be ignored. Spot buying price: when someone remits you US dollars from a foreign bank. When your bank receives a remittance from abroad, it will be transferred from the foreign bank name to your bank name. At this time, the money didn't really reach your personal account. You have to go to the bank to buy cash and convert it into RMB according to the current cash purchase price before you can really deposit it in your personal account. For example, the current cash purchase price is 754. 16, and someone gives you 10000 dollars from foreign exchange in China, then after you go through the cash purchase formalities in the bank, there will be 754 16 RMB in your account. Buying price of cash: refers to the exchange rate used by banks to buy foreign currency cash. This is easy to understand, that is, you have some US dollars on hand, and you want to take them to the bank to change them into RMB, which is subject to the current buying price of cash. For example, if you have $65,438+00,000 on hand (the appreciation of RMB is terrible day by day), take it to the bank and replace it as soon as possible. The current buying price of cash is 748. 1 1, so your $ 10000 can be changed into 748 165438+. Buying price: this is not personal, but only related to the bank. It is also called "selling exchange rate", just like "buying exchange rate". That is, the price of the previous currency bought by the bank and the price of the previous currency sold. For example, the current bid is 757.78. If someone gives you 10000 dollars from foreign exchange in China, your bank will buy it from foreign banks at this exchange rate and get 75778 RMB. However, the bank will not give you money at this exchange rate at this time. The bank may inform you, or you can go to the bank for cash purchase yourself, and then the bank will give you 75,465,438+06 yuan according to the current cash purchase price. So the bank earned 75778-754 16 = 362 RMB from your remittance. Don't be mentally unbalanced. People's Bank of China still needs to make money, haha. On the contrary, you remit RMB from China to American banks, and American banks and banks in China also sell RMB to American banks at this price. Then the bank over there will handle it. Benchmark price: Benchmark price is a middle price announced by the People's Bank of China, and other commercial banks can set their own buying and selling prices according to the floating range stipulated by the People's Bank of China. So here, everyone should understand that different banks have different exchange rates. For example, today's China Construction Bank is different from today's China Industrial and Commercial Bank, and the exchange rate of each branch is different. Finally, your quotation shall prevail. I have a few things to tell you. That is, when foreign countries remit dollars to you, if it is a private-to-private account, there will be no handling fee. If it is a business-to-private, the other party will charge a handling fee, and it is also possible that the other party will forcibly charge a handling fee on your side. You should negotiate with the other party on this. If it is an individual or a business-to-business, there must be a handling fee, about $20. One more thing, generally speaking, private accounts can only convert 50,000 yuan of the US dollars you receive into RMB within one year, and the rest cannot be converted into RMB. If you are worried that the exchange rate will change day by day and the dollar will depreciate in the bank, it is not completely helpless. The first way is to wait until next year to exchange 50 thousand dollars for RMB, and then wait until the next year to exchange 50 thousand dollars. Thanks to you, haha! )。 The second way is to transfer the money to your relatives, which must be your relatives, wife and children. For example, if you receive $654.38 +0.5 million, you can personally change 50,000 into RMB according to the current spot purchase price, but you need to find two relatives to transfer the remaining $654.38+0.0 million. Show valid documents, such as marriage certificate, household registration book and other documents that can prove the relationship. (But I want to remind you here that the 50,000 dollars you transferred to your relatives can't be converted into RMB at the cash purchase price, but must be converted into RMB at the cash purchase price, because the bank is equivalent to taking out your 6,543,800 dollars and returning it to you, and then you buy this dollar to the bank at the cash purchase price, but you can't deposit it in your own account, but you must deposit it in your relatives' account. )