Cash refers to the specific physical form of money, or money deposited in the bank to generate deposits.
Here in physical form, it means paper bills or coins;
It refers to all kinds of payment certificates expressed in foreign currency, which can be circulated and transferred in the international market and can be freely converted into other countries.
The value of cash for the same amount is less than the value of cash.
The reason why cash is less valuable than cash is that it costs banks more to keep it than cash.
The bank needs to count and keep the customers’ cash, which requires the bank to pay labor costs and occupy the storage space.
And the bank’s cash for non-interest-bearing assets, stored in the vault will not increase in value;
If bank cash is deposited to your bank account, the bank will receive a deposit fee.
Foreign currency notes will not realize their payout value until they are returned to the country where they were issued.
As a result, the price of cash is usually lower than that of cash.
The difference in the value of cash and cash is reflected in: when you buy cash and cash from the bank (sell foreign exchange), the money is sent at the same price;
When YOU SELL YOUR CASH OR CASH TO THE BANK, THE PRICE OF THE CASH IS LOWER THAN THE CASH.
Therefore, when buying, it is recommended to evaluate the purchase of cash or cash.
For example: if you want to use cash abroad, you can buy cash in advance and save it in your bank account. When you need cash, you can withdraw as much as you want.
The advantage of this is: the cash withdrawal in the spot exchange is according to the ratio of one to one, if you do not want to use so much cash, the foreign exchange in the spot account can be settled by the cash lattice, more than the cash settlement;
Similarly, when you want to send money abroad, you should also buy cash, not cash.