The minimum unit in the quotation is 65438+ 0% of the minimum value unit in the quotation currency, which is usually called "point". If the minimum value unit of the US dollar is cents, the minimum quotation unit of other currencies against the US dollar is 0.000 1. When the exchange rate of the euro against the US dollar rises from 1.2800 to 1.2900, it is usually called that the euro rises 100 or the US dollar falls 100. However, since the smallest unit of Japanese yen is Yuan, the smallest unit of Japanese yen quotation is 0.0 1 Japanese yen. When the exchange rate of USD/JPY rises from 12 1.60 to 122.60, the market calls USD/JPY up 100 or JPY down 100. The quotations of most other currencies against Japanese yen are basically the same. For example, the euro against the yen is 156.70. When the exchange rate rises by 100, some people will call it euro rise 1 yen.

Take foreign exchange speculation as an example, the same profit is 100, and the profits of different currency pairs are different! The algorithm of firm profit is: divide the points you earn by your purchase price and multiply it by the principal you use. Take the Canadian dollar as an example: 1. 1700, the profit after selling dollars and buying Canadian dollars to earn 100-1.1700-1.1580 = 0. With 0.011.17 * 1000 = 8.55 USD, if you buy Austrian dollars with 0.7685 USD1000, it will be/.

If 1 17.90 buys Japanese yen and earns 100 points, then you can use 0.011.1790 *1000 = 8.5 USD.