Is foreign exchange buying cash

Buying foreign exchange is not buying cash.

The fee for buying cash, which is converted from local cash to foreign cash, is slightly higher than that for buying foreign exchange, as reflected in the daily sum issued by the Bank of China.

In China, OUR STANDARD currency is RMB. When we need to pay for foreign currency after foreign currency transaction, we will use RMB to buy foreign currency to pay for a behavior called foreign exchange purchase.

Buy FOREIGN EXCHANGE IS TRANSFER TRANSACTION, IT IS TO EXCHANGE FOREIGN CURRENCY WITH THE LOCAL CURRENCY ON THE ACCOUNT, EQUIVALENT TO BUSINESS, THE FOREIGN CURRENCY AFTER EXCHANGE IS STILL ON THE ACCOUNT OR ON THE BANK CARD, DO NOT DRAW CASH.