Foreign exchange rate refers to the exchange rate between two currencies, and can also be regarded as the value of one country's currency against another's currency. Specifically, it refers to the ratio or parity between one country's currency and another country's currency, or the price of another country's currency expressed in one country's currency. There are two main methods to analyze exchange rate: basic analysis and technical analysis.

1. Basic analysis is to analyze the basic factors that affect the foreign exchange rate. The basic factors mainly include the economic development level and situation of each country, the political situation of the world, regions and countries, and market expectations.

2. Technical analysis is to predict the future exchange rate trend by studying the previous exchange rate with the help of research methods and means of psychology, statistics and other disciplines.

Tips: The above explanations are for reference only.

Response time: 2021-01-14. Please refer to the latest business changes announced by Ping An Bank in official website.

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