Cash transactions refer to transactions between tourists and people who need foreign currency cash for various purposes, including cash, foreign currency traveler’s checks, etc. Spot transactions refer to transactions between big banks and big banks acting for big customers.
After the closing of the transaction, the receipt, payment and delivery of the funds shall be completed within two working days at the latest.
Contract spot trading is a way for investors to sign contracts with financial companies, which is suitable for public investment.
Futures are traded at agreed times and fixed exchange rates for a fixed amount per contract.
Options trading is the trading of whether to buy or sell an option on a currency in the future.
Forward transaction refers to the delivery of goods on the date agreed upon in the contract.
Contracts can be large or small, and delivery times are flexible.