Banks generally have a cash withdrawal fee, that is, you have to withdraw Canadian dollars in cash from the remitted money. The minimum fee standard is 20 yuan, which is one thousandth higher than 20 yuan!
Canadian dollar exchange rate, cash purchase price is around 6.787, cash purchase price is around 6.57.
Cash 1000 Canadian dollars = 6787 RMB, cash 1000 Canadian dollars = 6570 RMB.
The so-called main body of buying is the bank, that is, the bank buys you!
The so-called cash exchange refers to the Canadian dollar position remitted from abroad. This position is only the amount of foreign Canadian dollar correspondent bank account in China, and does not involve the actual receipt of cash. To put it bluntly, it is a book number!
Cash refers to the cash you bring back from Canada or withdraw from domestic banks. This kind of cash has no use value in China and cannot be circulated. After the bank converts it into RMB for you, it needs to be transported back to Canada by some means of transportation to realize its value. Of course, it will cost a certain amount of extra money. This is why the cash purchase price is lower than the cash purchase price!