Because cash and cash are two different concepts, when a bank buys cash, it can directly transfer the purchased foreign exchange to its foreign bank account, without interest loss. However, when buying foreign currency cash, it needs to be kept in the bank's inventory for a period of time, and enough foreign currency cash (such as $6,543.8+$0,000) can be deposited in other banks to earn interest. Therefore, when a bank buys foreign currency cash, it has interest loss compared with buying cash. Of course, this part of the loss will be borne by the party selling foreign currency cash, so the cash purchase price in the bank quotation will definitely be lower than the cash purchase price, and this law will never change, just as the deposit interest rate will always be lower than the loan interest rate.
Finally, the selling price of cash is the same as that of cash, because in this case, the bank has no interest loss, right? Therefore, the bank separately indicates the cash buying price, and there is no cash selling price.
Therefore, if your dollar assets are not in the form of foreign bank deposits or foreign currency payment vouchers (such as bills of exchange, promissory notes, telegraphic transfer vouchers, etc.). ), you have to pay in cash to lose a little.
If you sell the cash to the bank, you are selling your foreign exchange deposit in a foreign bank to the bank. This foreign exchange deposit was transferred from your name to the bank's name from the moment you sold it to the bank. As long as the bank does the corresponding accounting treatment, it can immediately get this foreign exchange deposit in a foreign bank and start calculating interest immediately.
If the bank buys cash, because the foreign currency cash can't circulate locally, it needs to be shipped abroad, not only can't get the deposit and interest immediately, but also have to pay the cost of keeping the cash. Only when the cash has accumulated to a sufficient amount can the bank transport these foreign currency cash abroad and deposit it in foreign banks. Banks can obtain foreign exchange deposits in foreign banks and start earning interest. The specific expenses that banks need to pay to exchange foreign currency cash include: cash management fee, transportation fee, insurance fee, packaging fee, etc. These expenses are reflected in the difference between the cash purchase price and the cash purchase price.