Exchange quotation, also known as the listing price of foreign exchange in designated foreign exchange banks, is the quotation between various foreign currencies and the Renminbi set by banks (referring to the head office, branches and the head office with the same quotation) in accordance with the central price and market quotation of the renminbi published by the People’s Bank of China.
The price is constant on the same day and subject to change on different dates.
Simply put, the foreign exchange rate is equivalent to going to the supermarket to buy some goods, each commodity has a price, and the price tag of the goods is called the foreign exchange rate, but here the goods are called foreign currency.
For example, the foreign exchange rate will show 6.8425 yuan and 6.8958 yuan. The former refers to the purchase price of 6.8425 yuan per dollar when the dollar is sold to the bank, while the latter requires 6.8958 yuan when the dollar is purchased from the bank.
Foreign exchange rates generally have four rates, namely, the purchase price,, and.
: refers to the price at which the bank buys the spot foreign exchange and the customer sells it.
Spot exchange: refers to the price at which the bank sells foreign currency to the customer and is used by the customer.
Note buying price: The price at which a bank buys foreign currency from its customers.
Note selling RATE: THE price at which a bank sells foreign currency notes to a customer and is used when the customer purchases the notes.
The U.S. index consolidation awaits the July non-farm report, the RBA may continue to raise interest rates, is expected to continue to rise.
