Official website of Agricultural Bank of China: http://ewealth.abchina.com/
Official website of Agricultural Bank of China foreign exchange quotation: Foreign exchange quotation of Agricultural Bank of China
At present, the currency supported by the foreign exchange quotation of the Agricultural Bank of China is US dollar, euro, British pound, Hong Kong dollar, Macao dollar, Japanese yen, Australian dollar, Canadian dollar, Singapore dollar, Thai baht, Korean dollar, Swiss franc, Swedish krona, Danish krona, Norwegian krona and Somoni.
What do you mean by the buying rate, selling rate, buying rate and selling rate of cash?
Buying rate of spot exchange: The exchange rate used by the bank when buying foreign currency spot exchange (referring to the funds deposited in the foreign currency account of the bank) from the customer. Bank perspective: buy foreign currency spot exchange and give you RMB.
Selling rate of spot exchange: The exchange rate used by the bank when the customer purchases foreign currency spot exchange (funds entering the customer's foreign currency account) with RMB. Bank perspective: sell foreign currency spot exchange and collect your RMB.
Cash buying rate: The exchange rate used by the bank when buying foreign currency cash (banknote cash) from customers. Bank perspective: buy your foreign currency notes and give you RMB. It is usually lower than the spot exchange buying price because of the high cost and risk of handling cash.
Selling price of cash: The exchange rate used by the bank when the customer purchases foreign currency cash (notes) in RMB. Bank perspective: sell your paper money and foreign currency, and collect your RMB. It is usually higher than the selling rate of spot exchange because banks provide physical banknotes.
Middle price: A price calculated by the bank according to a certain proportion according to the international foreign exchange market. Bank guided exchange rates are not directly used for customer transactions.
Conversion price: The exchange rate used to convert one foreign currency into another is usually calculated based on the middle price.
Generally: Cash buying rate<cash buying rate<middle rate<cash selling rate<cash selling rate