Still copying rates from the Bank of China website into Excel every day? SBK auto-syncs the daily BOC quotes (mid-rate / cash-remittance buying / cash-remittance selling / banknote buying / banknote selling) and keeps full historical records. Orders, PIs, contracts, customs declarations and FX collection/payment vouchers all pull rates automatically by "posting date / collection date."
Covers 20+ currencies including USD/EUR/GBP/JPY/HKD/AUD/CAD/SGD
20+ major currencies: USD/EUR/GBP/JPY/HKD/AUD/CAD/SGD/CHF/THB/INR and more
Integrated with the BOC FX quotation API, auto-stored after each daily opening, with 5 years of history searchable
Mid-rate / cash-remittance buying / cash-remittance selling / banknote buying / banknote selling — different prices for different business uses
Supports custom "internal locked rates" (e.g. hedging at contract signing) that override the BOC price
Look up any currency's rate on any date, giving finance solid grounds for rate-conversion audits
Quotations, PIs, contracts, customs, FX collection/payment and rebate filing all pull rates automatically by date
BOC quote API sync status
In the past, different departments each copied rates — finance used one, sales another, procurement yet another. SBK unifies the "rate source" in one place, auto-syncing the BOC quotes every morning so everyone uses the same rate and reconciliation has a common baseline.
USD/CNY rate per scenario (2026-04-18)
Use the mid-rate for quoting, cash-remittance selling for payments, cash-remittance buying for collections, banknote prices for bonded imports… The system already has which price each scenario should use configured, so salespeople don't need to memorize the rules.
When quoting a USD price, convert to CNY cost at the day's mid-rate to calculate gross margin, preventing rate swings from eating into profit.
When the customer's USD payment arrives, convert to CNY at the receipt-day cash-remittance buying rate, with FX gains/losses auto-accrued.
For million-dollar contracts, lock the rate with the customer at signing, overriding the BOC price until settlement to avoid one-sided losses.
The rebate-filing base sheet converts CNY sales at the export-declaration-day mid-rate, aligned with the tax authority's standard.
The rate table is the underlying data source for multi-currency accounting and FX gains/losses
Collections converted to CNY at the receipt-day rate, with FX gains/losses auto-accrued
Payments converted to CNY at the payment-day rate, with FX gains/losses auto-accrued
Multi-currency quotes converted by rate in one click for more accurate margin calculation
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