The current account is an item in the balance of payments, and the foreign exchange current account refers to foreign exchange received and paid through the current account.

The current account is a frequent international economic transaction and the most basic and important item in a country's balance of payments. Current account includes goods and services, income and current transfer.

1. Commodities and services: under "Commodities", the import and export of commodities are mainly recorded. The import and export of services, that is, service trade, is also called invisible trade.

2. Income: Income (or "income") refers to the income and expenditure of remuneration generated by the flow of production factors between countries, including: 1) employee remuneration. 2) Investment income.

3. Regular transfer: Regular transfer refers to the transfer of goods, services or financial assets between residents and non-residents, without compensation or return, so it is also called unilateral free transfer: (1) Free transfer between governments at all levels, such as war reparations, free economic assistance, military assistance, intergovernmental disaster relief donations, regular payments between governments and international organizations, and regular transfers provided by international organizations to the government as policies. (2) Free private transfer, such as remittance, donation, inheritance, alimony, subsidized remittance, pension, etc.