The benchmark price of the British pound is only available in major currencies , such as the us dollar, the euro, the Japanese yen, and the Hong Kong dollar.
Compared with cash, banks can save a certain amount of cash storage and overseas transportation costs, so the price can be higher. The selling price of cash and cash is the foreign exchange that the bank sells to the customer . Whether it is cash or cash, it cannot be paid directly in China at present. Therefore, if the customer has potential to pay overseas fees, the bank should give the same price.
The buying price refers to the price at which the bank buys foreign exchange, and the selling price refers to the price at which the bank sells foreign exchange, and the difference is the bank’s income.
The purchase price of spot foreign exchange refers to the withdrawal of domestic foreign currency from abroad in your account. The bank will not give you foreign currency directly. It will directly collect your foreign currency at the fixed purchase price of spot foreign exchange and give you RMB at the exchange rates ;
The purchase price of cash is that you hold foreign currency and go directly to the bank to exchange RMB;
The selling price is the exchange rate at which the bank converts the RMB in your account into foreign currency when you need to remit foreign currency out.
Cash refers to banknotes circulating in the market, and cash exchange is a negotiable securities representing the value of currency.