1: In China, foreign exchange is divided into "cash" and "cash". Cash foreign exchange is the foreign exchange directly deposited in the bank in the form of cash in China, which is exchanged at "spot price". Spot foreign exchange is the foreign exchange that flows into China from abroad through bank transfer and remittance, and is exchanged at the "spot exchange rate". "Cash" has more preferential policies than "cash". Directly speaking, "cash" is more converted into RMB than "cash". These are two attributes of foreign exchange and cannot be directly converted to each other.
2. There is a little difference between the various exchange rates, the buying price and the selling price seen by banks, which is how banks charge foreign exchange transaction fees. It is normal to differ from the cash price.
Extended data:
Cash refers to various payment vouchers expressed in foreign currency, which can be circulated and transferred in the international market and can be freely converted into other countries' currencies. Such as US dollar, British pound, Swiss franc, German mark and other currencies of major western countries.
Refers to foreign currency bills remitted from abroad or brought in from abroad and transferred to personal bank accounts.
Foreign exchange cash is tangible foreign banknotes and coins. When customers want to transfer cash abroad, they can bring cash or remit money. However, when customers use "remittance", because cash is in kind, the bank must transport it abroad, and the transportation expenses will be borne by the customers, which is manifested as "selling cash to buy cash" (customers sell cash to buy cash). It can be seen that cash cannot be converted into cash. If cash is converted into cash, customers will suffer some losses in foreign exchange amount.
In the foreign exchange quotations published by designated foreign exchange banks, the cash buying price is less than the cash buying price, while the cash selling price is equal. This shows that the country's foreign exchange management policy is to encourage the holding of cash and limit the holding of cash because cash is more convenient for foreign exchange management than cash.