Faint, you still don't understand the sentence "small before big, up, big before small, down"-small before big, specific to the topic, Ruiyuan is depreciating, big before small, but Ruiyuan is appreciating. This question is whether the former is small first and then big, the Swiss dollar is depreciating, the forward exchange rate is still small first and then big, or it is depreciating. Because it is USD/CHF instead of CHF/USD, the exchange rate is rising, so it should be increased. The fluctuation range of USD/CHF forward exchange rate is1.2340+30-1.2350+. Because businessmen buy Swiss francs and sell dollars, it should be 1.2340+30.

Well ... it may be a bit difficult to understand. Specific to the actual example, the Swiss dollar is depreciating, and the forward exchange rate is expected to depreciate, indicating that the market demand for the US dollar is strong, but the demand for the Swiss dollar is not strong. Merchants buying Swiss dollars and selling US dollars are naturally welcomed by banks and will naturally give the most favorable prices. On the contrary, if a businessman sells Swiss francs for three months, the bank can naturally only give him the lowest price.