Whether foreign exchange is foreign currency. Foreign exchange mainly refers to foreign currency, but it also includes the means of payment for international settlement expressed in foreign currency. The ratio derived from the settlement is called the exchange rate.

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Definition of foreign exchange

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The International Monetary Fund defines foreign exchange as the creditor's rights held by monetary authorities (central bank, monetary institutions, foreign exchange stabilization fund and Ministry of Finance) in the form of bank deposits, treasury bonds and long-term and short-term government securities. Can be used when the balance of payments is in deficit.

Definition of China State Administration of Foreign Exchange: Foreign exchange refers to the following means of payment and assets expressed in foreign currency that can be used for international settlement: (1) Foreign currency, 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. (Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control, 1997 65438+ 10/4).