Middle price: refers to the compromise between the foreign exchange prices bought and sold by banks, usually the price used by banks when clearing funds.

That is, the middle price of foreign exchange for individuals or units to buy and sell foreign exchange. The standardprice, also known as the middle price, is set by the bank according to the transactions of various currencies in the international financial market. In China, the SAFE will release the benchmark prices of some currencies, such as US dollars and euros, and other currencies will be calculated by the banks themselves. If you want to change RMB into euros, use the selling price.

The content of this article comes from: China Law Publishing House "The All-knowing Series of Common Sense of Legal Life".