Foreign exchange (FX market) usually refers to various means of payment expressed in foreign currency that can be used for international settlement. Including: foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ) Foreign exchange is the abbreviation of international exchange. The concept of foreign exchange can be divided into static and dynamic. Dynamic foreign exchange refers to the financial activity of converting one country's currency into another country's currency to pay off international debts. In this sense, dynamic foreign exchange and international settlement are the same. Static foreign exchange can be divided into broad sense and narrow sense. Foreign exchange in a broad sense refers to foreign exchange mentioned in foreign exchange management regulations. It refers to all external financial assets. Article 3 of China's current Regulations on the Administration of Foreign Exchange in People's Republic of China (PRC) stipulates that foreign exchange refers to the means of payment and assets expressed in foreign currency that can be used for international settlement. Foreign exchange in a narrow sense refers to the means of payment expressed in foreign currency for international settlement. For more information, please visit Foreign Exchange House: www.forexers.cn's foreign exchange has both dynamic and static meanings. The dynamic meaning of foreign exchange refers to the international exchange behavior and process in which people use financial institutions to exchange one currency for another and use various financial instruments to settle international claims and debts. The static meaning of foreign exchange refers to the financial assets expressed in foreign currency that can be used for external payment. It has the characteristics of payment, convertibility and availability. Affordability refers to the generally accepted means of payment in the international financial market; Convertibility refers to the means of payment that can be exchanged for the currency or foreign exchange assets of any country; Availability refers to the means of payment that can claim compensation under any circumstances. Article 3 of the Regulations on Foreign Exchange Control in People's Republic of China (PRC) stipulates: "Foreign exchange as mentioned in these Regulations refers to the following means of payment and assets that can be used for international settlement in foreign currencies: (1) Foreign currencies, including banknotes and coins; (2) Foreign currency payment vouchers, including bills, bank deposit vouchers and postal savings vouchers; Foreign currency securities, including government bonds, corporate bonds and stocks; (4) Special drawing rights; (5) Other foreign exchange assets. " ◆ j-mine.2008-07-2916: 41reporting foreign exchange (FX quotation) usually refers to various payment methods expressed in foreign currency that can be used for international settlement. Including: foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ) Foreign exchange is the abbreviation of international exchange. The concept of foreign exchange can be divided into static and dynamic. Dynamic foreign exchange refers to the financial activity of converting one country's currency into another country's currency to pay off international debts. In this sense, dynamic foreign exchange and international settlement are the same. Static foreign exchange can be divided into broad sense and narrow sense. Foreign exchange in a broad sense refers to foreign exchange mentioned in foreign exchange management regulations. It refers to all external financial assets. Article 3 of China's current Regulations on the Administration of Foreign Exchange in People's Republic of China (PRC) stipulates that foreign exchange refers to the means of payment and assets expressed in foreign currency that can be used for international settlement. Foreign exchange in a narrow sense refers to the means of payment expressed in foreign currency for international settlement. For more information, please visit Foreign Exchange House: www.forexers.cn's foreign exchange has both dynamic and static meanings. The dynamic meaning of foreign exchange refers to the international exchange behavior and process in which people use financial institutions to exchange one currency for another and use various financial instruments to settle international claims and debts. The static meaning of foreign exchange refers to the financial assets expressed in foreign currency that can be used for external payment. It has the characteristics of payment, convertibility and availability. Affordability refers to the generally accepted means of payment in the international financial market; Convertibility refers to the means of payment that can be exchanged for the currency or foreign exchange assets of any country; Availability refers to the means of payment that can claim compensation under any circumstances. Article 3 of the Regulations on Foreign Exchange Control in People's Republic of China (PRC) stipulates: "Foreign exchange as mentioned in these Regulations refers to the following means of payment and assets that can be used for international settlement in foreign currencies: (1) Foreign currencies, including banknotes and coins; (2) Foreign currency payment vouchers, including bills, bank deposit vouchers and postal savings vouchers; Foreign currency securities, including government bonds, corporate bonds and stocks; (4) Special drawing rights; (5) Other foreign exchange assets. " With the in-depth development of China's reform and opening up, foreign-related economic activities have penetrated into all fields of the national economy. Whether it is import and export trade, scientific and technological academic exchanges, or the introduction of foreign capital, the issuance of B shares, H shares or global government bonds, and overseas securities financing, almost all involve foreign exchange, that is, foreign payment means different from RMB. As an international means of payment, foreign exchange is active in international trade and international financial markets. Compared with RMB, its activities are more unpredictable due to complex international factors. Foreign exchange is a product of international trade and a means of payment for international trade settlement. Foreign exchange refers to foreign exchange, "exchange" refers to the transfer of money in different places, and "exchange" refers to the conversion between currencies. From a dynamic point of view, foreign exchange refers to the exchange of one country's currency into another country's currency, which is circulated internationally to settle the creditor's rights and debts arising from international economic exchanges. From a static point of view, foreign exchange is also a means and tool for international settlement, such as foreign currency and various securities denominated in foreign currency. The International Monetary Fund (IMF) defines foreign exchange as: "Foreign exchange is the creditor's rights held by monetary authorities (central bank, monetary management institutions, foreign exchange stabilization fund and the Ministry of Finance) in the form of bank deposits, treasury bonds and long short-term government bonds, which can be used when the balance of payments is in deficit. These include bonds that are not circulated in the market due to central bank and intergovernmental agreements, regardless of whether they are expressed in the currencies of debtor countries or creditor countries. " According to the definition of IMF, China has made more explicit provisions on foreign exchange. Article 2 of the Provisional Regulations on Foreign Exchange Control in People's Republic of China (PRC) stipulates that foreign exchange refers to 1. Foreign currency, including banknotes and coins; 2. Foreign currency securities, including government bonds, government bonds, corporate bonds, stocks, coupons, etc. ; 3. Foreign currency payment vouchers, including bills, bank deposit vouchers and postal savings vouchers; 4. Other foreign exchange funds. Formally speaking, foreign exchange is a foreign currency or foreign currency assets, but it cannot be considered that all non-domestic currencies are foreign exchange, and only those convertible foreign currencies can become foreign exchange. The currency of a country that accepts the provisions of Article 8 of the International Monetary Fund Agreement is internationally recognized as a freely convertible currency. These countries must abide by three laws and regulations: 1. Do not restrict the payment and capital transfer of frequent international exchanges; 2. Do not implement discriminatory monetary measures or multi-currency exchange rates; At the request of another member state, it is always obliged to exchange the other party's national currency in current transactions. Up to now, the currencies of more than 50 countries in the world are freely convertible. In addition, the currencies of all countries that accept the provisions of Article 14 of the International Monetary Fund Agreement are regarded as limited convertible currencies, and the similarity of these currencies is manifested in the imposition of various restrictions on international current payments and capital transfer. For example, restricting residents' free convertibility or restricting foreign exchange in capital projects. China's RMB is a limited convertible currency. In China, more than 20 foreign currencies can be listed and traded in the foreign exchange market. They are: US Dollar, Deutsche Mark, Euro, Japanese Yen, British Pound, Swiss Franc, FRF, ITL, NLG, BEC and Danish Krone. The payment method of foreign exchange expressed in foreign currency in international settlement. The International Monetary Fund's interpretation of foreign exchange is that foreign exchange is a creditor's right held by the monetary authorities in the form of bank deposits, treasury bonds, long-term and short-term treasury bonds, etc. Used when the balance of payments is in deficit, including the creditor's rights that are not circulated in the market due to the agreement between the central bank and the government, whether expressed in the currency of debtor countries or creditor countries. China's foreign exchange refers to: foreign currencies, including banknotes and coins; Foreign currency securities, including government bonds, government bonds, corporate bonds, stocks, coupons, etc. ; Foreign currency payment vouchers, including bills, bank deposit vouchers and postal savings vouchers. ; Other foreign exchange funds. Foreign exchange classification: 1. Free convertibility by time: free convertibility of foreign exchange, accounting 2. Sources and uses of foreign exchange: trade foreign exchange, non-trade foreign exchange 3. No need for foreign exchange management: resident foreign exchange, non-resident foreign exchange transaction mode: 1. Spot foreign exchange trading: also known as spot foreign exchange trading, is a foreign exchange trading method in which both parties agree to handle the delivery within two working days after the transaction. Foreign exchange trading is a foreign exchange trading method that does not deliver after trading, but delivers at the time agreed in the contract. 3. Arbitrage: Arbitrage refers to a foreign exchange trading method that uses different foreign exchange markets, different currencies, different delivery times and the exchange rate and interest rate differences of some currencies to buy from the low-priced party and sell from the high-priced party to earn profits. 4. Arbitrage trading: a trading method that uses the interest rate difference between two money markets to transfer funds from one market to another to earn profits. 5. Swap transaction: refers to a transaction that combines two or more foreign exchange transactions with the same currency but opposite trading directions and different delivery dates. 6. Foreign exchange futures: The so-called foreign exchange futures refer to futures contracts with the exchange rate as the subject matter. Used to avoid exchange rate risk. It is the earliest variety in financial futures. 7. Trading of foreign exchange options: foreign exchange options are traded in foreign exchange, that is, the option buyer obtains a right after paying the corresponding option fee to the option seller, that is, the option buyer has the right to buy and sell the agreed currency at the exchange rate and amount agreed by both parties in advance on the agreed expiration date, and the buyer with this right also has the right not to execute the above-mentioned sales contract. The main channel of foreign exchange trading: 1. Direct use of interbank systems, such as 2 000- 1 Reuters trading system. 2. Bidding broker. 3. Electronic brokerage systems, such as the 2 000-2 Reuters Trading System, are similar to stocks in analyzing K-charts. As long as you can operate stocks, it is not difficult to analyze the K-chart of foreign exchange.