When banks buy foreign currency cash or cash, the prices at which customers sell foreign currency cash or cash are called cash buying price and cash buying price respectively. On the contrary, when a bank sells foreign currency, the price that customers buy foreign currency is called the selling price, which is not divided into cash and cash; The middle price is the standard for banks to quote through the benchmark price of securities. Generally, it is the average of the buying price and selling price of the bank's spot transaction. When you handle the foreign exchange settlement and sale business, you can directly refer to the buying price and selling price. Cash refers to foreign currency bills and vouchers remitted from abroad or carried or sent from abroad. In our daily life, we often come into contact with overseas remittances and traveler's checks.

1. Cash mainly refers to freely convertible foreign currency introduced from abroad or held by individuals. In short, it refers to foreign bills held by individuals, such as US dollars, Japanese yen and British pounds. As RMB is the legal tender in China, foreign currency cash cannot be used as a means of payment in China. It can only become a currency circulating abroad. Banks need to pay for packaging, transportation, insurance and other expenses during use. Since foreign exchange is in the account book, cash exchange can only be transferred in the account book. Therefore, compared with cash, cash exchange can save some cash storage and overseas transportation costs, so its price can be lower. The unanimous quotation, spot exchange and spot sale price refer to the foreign exchange sold by banks to customers. Neither cash nor cash can be paid directly in China. Therefore, for potential overseas payments, banks should give customers the same price.

2. The foreign exchange account and the foreign currency cash account draw the same cash principal and interest according to1:1; When a foreign currency account is converted into a foreign currency account, the bank will charge a certain percentage of handling fee. The difference between the purchase price of cash and the purchase price of cash can be remitted abroad directly by cash, and only the remittance fee needs to be paid; If you remit cash abroad, you need to pay transportation fees and insurance premiums, that is, the difference between cash and foreign exchange, that is, the difference between the cash purchase price and the cash purchase price quoted by the bank. The purchase price of cash is lower than that of cash. Do not directly convert overseas remittances into cash or directly withdraw cash.