Designated foreign exchange banks can set the buying and selling prices of listed currencies in foreign exchange and cash within the floating range of the exchange rate stipulated by the People's Bank of China. Selling price and buying price are quotations that are updated many times a day. This quotation is based on the quotation in the international foreign exchange market and the domestic inter-bank foreign exchange market, and the transaction price provided to customers after adding or subtracting the risk difference. There are many factors that determine the price of cash, the most important of which is the cost of transporting currency and the trading situation of the currency in the international market. Most of the foreign currency cash needed by customers will be purchased in the international market and then shipped back. Because the transaction price in the international market changes from time to time, the price of domestic banks when buying this currency is different, which leads to the different prices of customers. The spot exchange rate is calculated according to the spot transaction price in the interbank market. The selling price of cash is based on the spot exchange rate and the cost of transporting cash. The daily quotation of China Bank has always been the reference price of peers, and it is not excluded that other commercial banks offer more favorable quotations than China Bank for competitive reasons.

The above contents are for your reference. Please refer to the latest business changes announced by China Bank official website.

If in doubt, please consult the online customer service of China Bank or download and use the mobile banking APP of China Bank to handle related business.