Myanmar's foreign exchange reserves are only $7.67 billion. Myanmar's foreign exchange reserves are only $7.67 billion. After the floating exchange rate system was abolished, the Central Bank of Myanmar still spent $65 million to buy kyats at the exchange rate of 1 USD 1.750 USD. However, Myanmar's foreign exchange continued to decline, restricted by the United States, and prices continued to rise. There are seven kinds of foreign exchange markets that can be legally traded in Myanmar: US dollar, Euro, Singapore dollar, Thai baht and Malaysian ringgit, RMB and Japanese yen. After the implementation of the new policy, people can legally exchange RMB and Japanese yen at banks and exchange points. In addition to further improving the convenience of foreign exchange between Burmese people and foreign citizens in Myanmar, this move is also considered as a policy measure adopted by the Myanmar authorities to try to stabilize the exchange rate of the local currency under the double impact of the epidemic and political changes.

Foreign exchange is a system engaged in foreign exchange trading and speculation. With the progress of science and technology, foreign exchange quotation, inquiry, purchase, sales, delivery and settlement are all carried out through computer networks, making transactions increasingly electronic and networked. Therefore, we say that foreign exchange is an invisible market and a paperless market for computers. Learning the basics of foreign exchange requires introduction:

1. In the foreign exchange market, we are the smallest traders and participants, and we are obedient to the market, so basic knowledge is necessary. It is recommended to look at the introduction of foreign exchange trading, foreign exchange trading market, Japanese candle chart curve, super short-term master, or you can collect some information online.

2. Intermediaries refer to major commercial banks. In the general market, their quotation is used as the exchange rate between currencies, so we should choose a mainstream platform, which is supervised by FSA or NFA, indicating that their operation and capital flow are standardized and serious, ensuring our safety. After FCA(FCA(2065 438+03)) in Britain, FSA was replaced by FCA and PRA, with the strictest supervision.

3. Brokers cannot directly quote their own exchange rates. You should be familiar with the basics of foreign exchange. Choosing a British platform will also ensure the safety of your funds.

4. It is very important to set stop loss and control positions when trading.

Second, the transaction quotation

Foreign exchange transactions are the exchange of one foreign currency into another. Quotation is the exchange rate, which is usually expressed by the conversion ratio between two currencies, such as USD/JPY and GBP/JPY. The exchange rate is the first currency (as the base currency) and the second currency (as the pricing currency) that represents the price. In foreign exchange quotations, we often see English words, with three English letters indicating the name of the currency. USD, EUR, JPY and GBP, a standard international foreign exchange unit is 654.38+ million base currency, especially some currencies that are not commonly used in English, such as NZD NZD and AUD, which need to be understood.

1. Listed foreign exchange: Note that not all trading quotations can be published. The following foreign currencies can be listed and traded in the foreign exchange market, such as USD, EUR and JPY. China People's Bank prompts.