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Foreign exchange basics several basic concepts about the foreign exchange market

2023/2/24 20:52:35  Classification:   Participation: 6  

rebates cashback forexforex best forex rebate control foreign exchange control system countries directly control the amount bestforexrebate price of foreign exchange For example, in our country, foreign exchange is not freely convertible, imports and other foreign exchange needs must apply to the authorities, after approval, in order to buy foreign exchange in accordance with the authorities to develop the foreign exchange rebatemeaninginforex trend following system, oscillator trading system The system of arbitrage trading, intraday short term trading system, super short term trading system, pattern analysis trading system, swing trading system, so many trading systems, your character is suitable for which type? Create your own trading system in order to stabilize profits As many countries have foreign exchange controls, it is derived from the relationship between whether the rebateinforextrading can be freely convertible, according to the degree of currency convertibility, can be divided into: a, fully freely convertible currency, refers to the three aspects of international settlement, credit, reserves can be generally accepted and recognized by the international community, such as the U.S. dollar, the British pound, the Japanese yen, etc.; b, not fully freely convertible currency, refers to only in the domestic manufacturers and the public can be unrestricted to buy foreign exchange from financial institutions with the national currency; c, limited convertible currency, between the completely and incompletely freely convertible system, in the transaction method, the use of funds, payment methods, etc. to take certain restrictions; d, completely non-convertible currency hard currency and soft currency hard currency: refers to the international The financial market exchange rate is strong and can be freely convertible, the value of stable, can be used as a means of international payment or means of circulation of the currency mainly: U.S. dollars, pounds, yen, French francs, etc.  soft currency: refers to the international financial market in the exchange rate is weak, not freely convertible to other countries currencies, the credit degree of the national currency, mainly the Indian rupee, Vietnam dong, etc.  hard currency and soft currency is For example, the U.S. dollar was a hard currency in the 1950s, a soft currency in the late 1960s-70s, and since the 1980s, the U.S. has implemented a high interest rate policy and a tight monetary policy, and the U.S. dollar has become a hard currency again The cash exchange rate also known as the cash buying and selling price is the exchange rate used by banks when buying or selling foreign currency cash Theoretically, the purchase and sale price of cash with foreign currency payment vouchers, foreign currency credit vouchers and other forms of foreign exchange up to the hungry purchase and sale price should be the same but in reality, due to the general provisions of the country does not allow foreign currency in circulation in their own country, the need to buy foreign currency cash delivery to the issuing country or can circulate the region, which will cost a certain amount of freight and insurance, these costs need to be borne by the customer  Therefore, the bank in the receipt of foreign currency notes when using the exchange rate, slightly lower than other forms of foreign exchange buying rate; and the bank to sell foreign currency notes when using the exchange rate in foreign exchange selling price the same spot exchange rate divided into buying rate and selling rate buying rate (ByyingRate) also known as foreign exchange buying price, is the bank to buy foreign currency from customers when using the exchange rate in general, the foreign currency equivalent to the local currency number is higher than the local currency number. The foreign currency equivalent to the number of local currency less that exchange rate is the buying rate, it said to buy a certain amount of foreign currency need to pay how much of the national currency selling rate (sellingRate) also known as foreign exchange selling price, refers to the bank to sell foreign exchange to customers when using the exchange rate in general, the foreign currency equivalent to the number of local currency more that exchange rate is the selling rate, it said the bank sold a certain amount of foreign currency need to recover how much National currency RMB benchmark interest rate benchmark interest rate is the exchange rate of the national currency and the benchmark currency or key currency countries in the development of the national exchange rate, due to the many types of foreign currencies, usually choose a currency as the key currency, the first to develop the exchange rate of this currency to this currency, called the benchmark exchange rate; then according to the benchmark exchange rate set to calculate the exchange rate of this currency to other currencies Key currency generally refers to a world currency, is widely used for valuation, settlement, reserve currency, freely convertible, internationally generally acceptable currency currently as the key currency is usually the U.S. dollar, the exchange rate of the national currency against the U.S. dollar as the benchmark exchange rate The benchmark exchange rate of the RMB is the weighted average price of the U.S. dollar against the RMB formed by the Peoples Bank of China in the interbank foreign exchange market on the previous day. Announced the day the main trading currency (U.S. dollar, Japanese yen and Hong Kong dollar) to the yuan trading benchmark exchange rate, that is, the market trading mid-price foreign exchange designated banks listed price Peoples Bank of China announced the benchmark exchange rate of the yuan is the foreign exchange designated banks between and foreign exchange designated banks and customers (including enterprises and individuals) between the foreign exchange and yuan trading benchmark exchange rate each foreign exchange The designated banks to the U.S. dollar transaction benchmark exchange rate as the basis, according to the international foreign exchange market conditions to calculate their own RMB to the U.S. dollar, Hong Kong dollar, Japanese yen other than a variety of freely convertible currencies, in the Peoples Bank of China exchange rate fluctuations within the range of their own foreign exchange bid price, foreign exchange ask price and cash bid price and cash ask price, and listed on the public

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