What is the RMB Central Rate, Banknote Buying Price, Foreign Exchange Buying Price, Banknote Buying

The central parity of the RMB exchange rate: the most important reference index for the spot interbank foreign exchange market and the bank-listed exchange rate. The People's Bank of China announces the ** price of the US dollar and other trading currencies against RMB in the interbank foreign exchange market on that day after the market closes, as the mid-price of the currency against RMB on the next working day.

Banknote purchase price: The cash price refers to the foreign currency cash of the bank, the foreign currency cash sold by the customer, and the foreign exchange settlement rate.

Foreign exchange buying price: The spot exchange price is the foreign exchange buying price, which refers to the bank's foreign exchange.

The foreign exchange rate adopts the method of direct pricing in RMB, that is, a certain amount of foreign currency is converted into RMB and is listed and announced. Each foreign currency has four exchange rates, namely the spot exchange rate, the spot exchange selling price, the cash bill ** price, and the cash selling price. The price refers to the bank's foreign exchange, the selling price refers to the bank's foreign exchange, and the difference is the bank's income.

1. Middle price: also known as the middle exchange rate, which is the average of the ** exchange rate and the selling exchange rate.

2. Banknote purchase price: The ** price of cash is that you go directly to the bank to exchange RMB with foreign currency.

3. Foreign exchange purchase price: The spot exchange rate refers to the foreign currency that you withdraw from abroad in your account, and the bank will directly accept the foreign currency according to the spot exchange rate and exchange it for RMB at the exchange rate.

Cash refers to paper money in circulation in the market, and spot exchange is a valuable currency that represents the value of money. Compared with cash, banks can save a certain amount of cash storage and overseas transportation costs, so their ** can be higher.

The middle price, also known as the benchmark price, is the foreign exchange rate of the day announced by the foreign exchange trading center authorized by the People's Bank of China.

Both the banknote purchase rate and the exchange rate are for banks, and both are for foreign currencies.

The banknote purchase price (cash price) is the bank's foreign currency cash.

The foreign exchange buying price (spot exchange rate) is the bank's foreign exchange.

The selling price of banknotes and the selling rate of foreign exchange can be derived in the same way.

Finally, explain the meaning of cash and foreign exchange.

Cash is concrete, tangible foreign banknotes and coins.

Spot currency is a freely convertible bill of exchange, cheque and other foreign currency instruments.

Completely handwritten, according to your own understanding, I hope it will be useful to you!! Huh

The difference between them is the difference between **. The details are as follows:

Exchange rate mid-price: The People's Bank of China announces the price of the US dollar and other trading currencies against RMB in the interbank foreign exchange market on the same day after the market closes, as the mid-price of the currency against RMB on the next working day.

The middle price of the exchange rate = (spot exchange rate ** price + selling price) 2.

Cash price: The cash price refers to the bank's foreign currency cash and the customer's sale of foreign currency cash.

Spot exchange rate: Spot exchange refers to foreign currency bills and vouchers remitted from abroad or brought in and sent from abroad.

Selling price of banknotes: The selling price of banknotes simply means that the bank sells foreign currency to you and uses the local currency to exchange the foreign currency with the bank.

Spot Selling Price: The spot selling price is the exchange rate at which a bank sells its quasi-currency. It refers to the foreign currency sold by the bank to the customer, which is used by the customer when purchasing foreign exchange.

Banknote: refers to cash, the banknote in hand;

Remittance: refers to the amount of foreign currency funds deposited in banks;

Generally, the purchase price of foreign exchange is higher than the purchase price of banknotes;

If you want to use banknotes, you buy banknotes, and the exchange loss will be higher;

If it is used for international remittance, you buy foreign exchange, and the exchange loss will be lower;

What is the middle** of RMB? How is the RMB Intermediate ** formed? RMB middle ** is a financial term, China foreign exchange trading center in the interbank foreign exchange market before the daily interbank foreign exchange market to ask all the interbank foreign exchange market spot trading mode, all spot trading mode ** as the RMB to the US dollar exchange rate in the middle of the calculation sample, delete the highest and most unbridled only low**, the average to obtain the remaining spot trading mode **weighted.

Investors found that the previous day, the RMB exchange rate against the US dollar did not fluctuate significantly at the end of market trading, and the next day, when the pre-trade report was in the middle**, this was more severe than the previous day's trading.

For example, on May 5, the middle **** 185 points of the RMB exchange rate against the US dollar, reported; On May 4th, it was even more exaggerated, and the middle ** large ** posture ** 378 points, report, last year's exchange rate became the largest**amplitude, the previous day's **price or someone said, your middle ** is not the previous day's ** price as a reference? Isn't that a deliberate lowering of the middle by the bank?

The middle of the second day is different from the price of the previous day, in fact, not only these days of the month, but also in April, there is also an excessive divergence. According to HSBC observers, there were many days in April, judging from the transaction rate and the RMB exchange rate index, the RMB exchange rate against the US dollar fell slightly, but there was a slight crack in the middle.

Many people wonder how the middle of the RMB is formed every day, and what kind of reference index should be seen to judge the middle **?

In fact, the intermediate formation mechanism of the RMB exchange rate against the US dollar is the exchange rate, the change in the exchange rate of the basket of currencies. For example, the previous morning, the middle ** of the RMB exchange rate against the US dollar was the yuan, and after the end of the transaction, the exchange rate became yuan, that is, the market performance of the yuan increased by 50 basis points.

The selling price is the rate at which the bank sells the foreign currency to the customer, that is, the price at which the customer buys foreign exchange from the bank; The ** price is the bank's ** foreign exchange or foreign currency rate to the customer, which is divided into two types: the price of the banknote and the spot exchange price. The spot exchange rate is the bank's exchange rate, and the cash rate is the bank's foreign currency cash rate.

Spot exchange and banknotes are different concepts, and they are two different forms of foreign currency after it is deposited in a bank. Banknotes can be deposited and withdrawn, but remittance is not allowed, and can only be withdrawn by converting them into banknotes; However, remittance can be remitted abroad like remittance, and banknotes cannot be exchanged for cash exchange.

As for why it is different, it is because banks take risks in the process of foreign exchange trading, so they have to control the spread to earn a fee for providing services.

The selling price of spot exchange is the same as the selling price of cash, i.e. the selling price.

Mid price = (spot ** price + spot selling price) 2

The benchmark price is a kind of intermediate price announced by the People's Bank of China, and other commercial banks can set their own ** and selling prices in accordance with the floating range stipulated by the People's Bank of China on the basis of the disadvantage and benchmark price.

The median price is formed by the market, and the benchmark price is announced by the People's Bank of China.

Nowadays, many people who do ** and foreign exchange investment will pay attention to the concept of the central price of RMB, and the increase and decrease of the central price of RMB will affect the investment market. What does the increase in the central parity of the renminbi mean? Let's take a look at the potato destruction below.

The central parity of RMB is a financial term, which is obtained by the China Foreign Exchange Trade System (CFETS) to all market makers in the interbank foreign exchange market before the opening of the daily interbank foreign exchange market, and all market dealers** are used as the calculation sample of the RMB exchange rate against the US dollar.

The increase in the central price of the RMB marks the enhancement of China's comprehensive national strength, which is due to the inevitable result of the accelerated healthy and stable operation of the entire macroeconomy in recent years.

1. The middle price of the ant bend is the average price of the ** price and the selling price of foreign exchange;

2. The banknote purchase price is the bank's cash price;

3. The banknote selling price is the bank's cash selling price.

Under normal circumstances, the bank's cash (spot exchange)** price is lower than the selling price of cash (spot exchange).

4. The spot exchange buying price and the spot exchange selling price are included in the same hall.

There are a few items of the won that are zero, and there is no such **.