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Similarities and differences between foreign currency deposits and RMB deposits
Similarities and differences between foreign currency deposits and RMB deposits.

1. There are many similarities between foreign currency deposit business and RMB deposit business except for different deposit currencies and specific management methods.

2. Foreign currency deposits provided by Chinese banks mainly include nine currencies: US dollar, Euro, Japanese yen, Hong Kong dollar, British pound, Australian dollar, Canadian dollar, Swiss franc (hereinafter referred to as "Swiss franc") and Singapore dollar.

Personal foreign exchange trading business is based on the principle that paper money is exchanged for paper money and foreign exchange is exchanged for foreign exchange. The buying price of cash is often different from the buying price of cash. The buying price of paper money is lower than that of foreign exchange.