Are the buying and selling prices of currency inverted? Generally speaking, customers need to pay more renminbi to buy currency. After the inversion, a customer buying 100 US dollars needs to pay 713 yuan, while selling 100 US dollars can receive 714 yuan. This means merchants are losing money, losing one yuan for every 100 US dollars sold. Additionally, the current exchange rate is 1 US dollar to 7.18 renminbi, but the price of US dollars is 7.14.

Why is this happening?

The only truth is that people outside are crazily selling US dollars for renminbi to buy A-shares, while people here in China have foreign exchange controls and can't buy too much renminbi at once, so they can only sell US dollars for renminbi, leading to an inverted exchange rate and an inverted buying and selling price for US dollars. $ETH