Money market transactions take "hand" as the basic contract unit. The standard level of skills is 654.38+ million units. Of course, there are mini-hands, micro-hands and nano-hands, and their sizes are 1 1,000 units, 1 1,000 units and 1 1,000 units respectively.

The smallest unit of measurement of exchange rate is "point". Using the above two units, you can calculate a large number of profit and loss changes in a specific currency.

Suppose we will use the standard contract of 100000 USD. We will recalculate some examples to see how it affects point values.

The exchange rate of USD/JPY is 1 19.80, so the point value of the currency to the standard hand is:

(0.0 1/ 1 19.80)*$ 100000=$8.34

The exchange rate of USD/CHF is 1.4555, so the point value of the currency to the standard hand is:

(0.000 1/ 1.4555)*$ 100000=$6.87

The standard spot value of USD/CAD is calculated the same as USD/CHF.

The integral values of EUR/USD and GBP/USD are:

0.000 1*$ 100000=$ 10

Traders may have different habits when calculating the point value of relative contract size. But no matter what their specific methods are, they can tell you what the point value of the currency traded at a specific time is. As the market changes, the integral value will also change.