Then the bid price is divided into cash bid price and cash bid price. For example, the purchase price of cash is that you take 100 USD to the bank and then convert it into RMB, which is the conversion ratio calculated according to the purchase price of cash. Accordingly, the cash purchase price means that you didn't take 100 to the bank, but someone remitted 100 to you. This $65,438+000 is not in cash, but recorded in your account. You change US dollars into RMB in your account, which does not involve cash, but only two currencies in your account, that is, according to the cash purchase price.
Question 2: What is the difference between the buying price of cash, the buying price of cash, the selling price of cash and the selling price of cash? . That is, because the transaction is a leveraged transaction, the general platform vendors will charge a certain leverage fee.
The buying and selling price of cash is the transaction fee of the bank, but it will be relatively high after calculating the spread on the platform and adding the cost of the whole process of changing banknotes.
For example, gold, if you do gold futures, the transaction cost of 10 ounce of gold is $5, but if you buy physical gold at the counter, you need to pay the gold principal price and 20% of the transaction fee. The handling fee is X*20%.
Question 3: What do you mean by cash purchase, cash purchase and sales price? There are two kinds of foreign exchange, one is cash: cash or bank deposits in cash; The other is cash; Cash remittance is a deposit deposited in a personal account by electronic remittance from abroad. The price of cash is higher than that of cash. Bank quotation is divided into buying price and selling price, both of which are from the bank's point of view and are aimed at the previous currency in the quotation, that is, the price of the previous currency bought by the bank and the price of the previous currency sold by the bank. For example, USD/JPY,106.7600-106.790106.7600 is the foreign exchange quotation, and 106.7900 is the foreign exchange quotation. Bank quotation is divided into buying price and selling price, both of which are from the bank's point of view and are aimed at the previous currency in the quotation, that is, the price of the previous currency bought by the bank and the price of the previous currency sold by the bank.
Question 4: Banks have spot foreign exchange buying price, spot foreign exchange selling price and cash selling price 1.
2. Go to the bank to buy foreign currency in RMB and sell it in cash.
3. Foreign currency remitted to China account from abroad shall be paid in RMB cash.
4. Deposit RMB in the bank, directly convert it into foreign currency, and send the foreign exchange money to China at the spot exchange selling price.
Question 5: Why is the buying price and selling price of cash different? Because you did it through the channels of banks or platforms. They need to charge a handling fee. This is called spread, which is the profit of the channel, which is equivalent to the handling fee for your back and forth operation.
Question 6: Spot buying price, cash buying price and cash selling price. What is the exchange price of the bank? Spot buying price refers to the bank settlement price at which foreign exchange in an account is converted into RMB through settlement.
Buying price of cash-refers to the bank settlement price when foreign currency cash is converted into RMB.
Spot foreign exchange selling price-refers to the bank settlement price for foreign exchange purchase and payment and conversion of RMB into foreign currency.
Cash selling price-refers to the bank settlement price for buying foreign currency cash and converting RMB into foreign currency.
The exchange rate of banks in China-should it be the middle rate for banks to exchange foreign currency?
Question 7: What do the spot buying price and spot selling price mean in RMB exchange rate? Foreign exchange buying price refers to the price at which banks buy foreign currency from customers.
The buying price of cash refers to the price at which banks buy foreign currency cash from customers.
These two prices are used when customers convert foreign currency cash and cash into RMB (settlement) respectively.
The selling price is the exchange rate at which a bank sells its quasi-currency. Refers to the price of foreign currency sold by banks to customers, which customers use when purchasing foreign exchange.
The benchmark price, also known as the middle price, is set by the bank according to the trading situation 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.
Question 8: Which is the buying price, selling price, settlement and purchase of foreign exchange? The selling price is the exchange rate at which the bank sells foreign currency to customers, that is, the exchange rate at which customers purchase foreign exchange from banks; The bid price is the quotation when the bank buys foreign exchange or foreign currency from customers, which is divided into cash bid (sell) price and cash bid (sell) price.
The cash purchase price is the quotation when the bank buys cash, and the cash purchase price is the quotation when the bank buys foreign currency cash. Cash and cash are different concepts, and they are two different forms of foreign currency deposited in banks. For example, paper money can be deposited and withdrawn, but remittance can only be withdrawn if it is converted into paper money; Remittances can be sent abroad like remittances, but paper money must be converted into cash before it can be sent abroad. The bank's cash selling price is the same as the cash selling price.
Settlement of foreign exchange refers to the behavior that the owner of foreign exchange income sells his foreign exchange income to the designated foreign exchange bank, and the designated foreign exchange bank pays the equivalent local currency at a certain exchange rate.
Purchase of foreign exchange-settlement of selling price-purchase price
Question 9: What are cash, cash and the difference? There are also cash buying price, cash selling price and spot foreign exchange buying price. Now, in simple terms, the so-called cash exchange refers to the foreign currency bills remitted or brought in from abroad and transferred to the bank account of the payee (individual or enterprise or other organization). The so-called cash simply refers to foreign currency notes held by individuals. The so-called cash purchase price, to put it bluntly, refers to the price at which foreign currency banknotes are converted into RMB in banks and banks buy these banknotes; The cash selling price is the price at which the bank buys foreign currency with RMB and the bank sells foreign currency; The buying price of foreign exchange is the price at which banks buy foreign exchange, and the selling price of foreign exchange is the price at which banks sell foreign exchange.
Question 10: Why is the selling price of foreign exchange spot equal to the selling price of foreign exchange spot 1? The bid price, also known as the bid price, refers to the exchange rate used by banks to buy foreign exchange from peers or customers. Because their customers are mainly exporters, the buying exchange rate is usually called the export exchange rate. 2. Selling price Selling price, also known as selling price, refers to the exchange rate used by banks to sell foreign exchange to peers or customers. Since most customers are importers, the selling exchange rate is usually called the import exchange rate. 3. The middle price is also called the middle price. It is the average of buying price and selling price. Buying and selling are all from the perspective of buying and selling foreign exchange by banks, and there is a price difference between them, which is the income of buying and selling foreign exchange by banks. The exchange rate used by banks in buying and selling foreign exchange is also called interbank exchange rate, which is actually the market exchange rate of foreign exchange. However, the difference in exchange rates between banks is generally smaller than that between banks and customers. The calculation formula of intermediate exchange rate is: (buying price+selling price) ÷2= intermediate exchange rate. 4. Interest rate of bank notes Generally speaking, foreign cash cannot circulate in China. Only by converting foreign cash into local currency can we buy domestic goods and services. When foreign currency cash is converted into local currency, the exchange rate of buying and selling foreign currency cash appears. Which is the cash exchange rate. The cash exchange rate is not equal to the foreign exchange rate. This is because it is meaningless to deposit foreign cash in domestic banks. It needs to be sent to foreign banks for interest and transported to various issuing countries before it can be used as a means of circulation or payment. However, transporting foreign currency cash must cost a certain amount of freight and insurance. And bear certain risks. Therefore, the exchange rate of foreign currency cash (that is, the buying price) is slightly lower than the exchange rate of foreign currency cash (that is, the selling price).