2. Compared with cash, cash exchange can save some cash storage and overseas transportation costs, so its price can be higher. Cash and cash selling price refers to the sale of foreign exchange by banks to customers. Neither cash nor cash can be paid directly at home, so banks have to pay the same price for customers' potential overseas payments.
The bid price refers to the price at which banks buy foreign exchange, the selling price refers to the price at which banks sell foreign exchange, and the difference is the bank's income.
The buying rate of spot exchange refers to the recovery of domestic and foreign currency in your account from abroad. The bank will not give you foreign currency directly, but will accept your foreign currency directly at a fixed spot purchase price and give you RMB at the exchange rate.
The buying price of cash is that you go directly to the bank to exchange RMB for foreign currency.
The selling price is the exchange rate at which the bank converts RMB in your account into foreign currency when you need to remit foreign currency.
Cash refers to paper money circulating in the market, and spot exchange is a valuable securities representing the value of money.
The foreign exchange quotations of ordinary banks are all four. The foreign exchange buying price is the foreign exchange selling price, and the foreign exchange cash buying price is the foreign exchange cash selling price. If their prices are added up and averaged, the middle price of foreign exchange and the middle price of cash are obtained.