One, noun makes an explanation:

Exchange rates : also known as the exchange rate, it refers to the use of a country's currency is convertible into another country's currency price or rate; or to a currency expressed in another currency prices.

The purchase price and selling price: both of them are from the bank's point of view, is the price of one currency in terms of the former, namely bank before buying a currency price and sell a currency price.

Cash buying rate: refers to the bank to buy foreign currency cash, customers sell cash price.

Buying rate: refers to the bank to buy foreign currency cash, customers sell foreign currency cash price.

Spot: defined by the inward or from abroad and carried into the foreign currency notes, through the transfer form, into the personal bank account.

Notes: refers to the foreign currency to foreign currency cash or cash deposit money.

Middle price ( also known as the benchmark price ) : no person, referring to the bank through the safe baseline price formulate our quotation standard, is generally the buying price and selling price of the average number of.

For example, the bank reported that the euro against the dollar buying price 1.2973, cash selling price of 1.3005, namely bank by 1 euro = $1.3005 buying dollars to sell you the euro, by 1 euro = 1.2973 Euro dollars buying price to sell you.

Two, why the bank's cash purchase price is lower than the cash purchase price?

Buying rate for notes, refers to the bank to buy foreign currency exchange rate used by. As with buying cash, bank buying cash to pay higher cost. Put your cash to the bank, is to put you on the foreign bank foreign exchange deposit to the bank. The foreign exchange deposit from your bank to sell the moment, right from your name transferred to the bank's name. As long as the corresponding bank accounts, you can immediately get the foreign bank foreign currency deposit, and can immediately start to calculate interest.

If the bank to buy foreign currency cash is cash, because not in transactions of the local circulation use, need to cash abroad, so it not only can immediately obtain the deposit and interest, but also to keep cash payment. When the cash accumulation to a sufficient number, bank can take these foreign currency cash delivered to a foreign, foreign banks in. Until this time, the bank can only be obtained in foreign bank's foreign exchange deposits and started to gain interest. The bank charges against the foreign currency to pay specific costs include: cash management fees, transportation fees, insurance, packaging fees, these fees are reflected in the cash purchase price is lower than the cash purchase price variance.