For example, the minimum unit of 120.00 USD yen quotation is 0.0 1 yen, or 0.0 1 yen is 1 point. The minimum unit of GBPUSD quotation of 0.9800 is 0.000 1 USD, or 0.000 1 USD is 1 point.
What is "communication"? When the exchange rate changes, the difference of point fluctuation is "point difference". For example, when USD/JPY changes from 120.00 to 12 1.00,1.00-120.00 =1.000. When GBPUSD changes from 1.0000 to 0.9800, the price difference is 200 points.
In foreign exchange transactions, there is a difference between the buying price and the selling price. For example, USD-JPY quotation 120.00/10,120.00 is the selling price of USD, and 120. 10 is the buying price of USD./kloc When GBPJPY quotes 185.50/ 185.60, the price difference is 10 point.
Fee difference: the fee charged for each transaction is converted into the difference. Regardless of the currency of the transaction, the handling fee is converted into the spread of the currency.
"Point value" 3360 is the value converted into money every 1 point.
Value formula = contract unit * minimum change point unit.
What is forward foreign exchange trading?
Forward foreign exchange trading, also known as forward foreign exchange trading, refers to a foreign exchange transaction in which both parties agree on the trading conditions such as currency, amount, exchange rate and delivery time in advance without immediate delivery after the transaction expires.
The fundamental difference with spot foreign exchange transactions is that the delivery date is different. All foreign exchange transactions after two business days after the delivery date are forward foreign exchange transactions.
How is the foreign exchange spread calculated?
It seems a bit confusing to understand the quotation of a foreign exchange transaction. However, if you remember two things, you will find it very simple.
1) First, the currency listed first is the base currency.
2) Secondly, the value of the base currency is always 1.
The US dollar is the center of the foreign exchange market and is usually considered as the basic currency for quotation. Major currencies. This includes USD/JPY, USD/CHF and USD/CAD. For these currencies and other currencies, the quotation is expressed as the second currency in the quotation, that is, how many currencies are exchanged for each dollar. For example, the quotation of 120.0 1 USD/JPY means that 1 USD equals 120.0 1 JPY. When the dollar is used as the benchmark unit, the quotation of one currency combination rises, which means that the dollar rises and the other currency falls. If the above USD/JPY quotation rises to 123.438+0, then the USD will strengthen, because now you can buy more JPY than before.
The three currencies with exceptions are the pound, the Australian dollar and the euro. In this case, you may see a quotation, such as GBP/USD 1.4366, which means GBP 1 equals USD 1.4366. Among the three currency pairs, the US dollar is not the reserve price, and the rising quotation means that the US dollar falls. That is, you need more dollars to exchange for a pound or Australian dollars. In other words, if the quotation of a currency goes up, the base currency will appreciate, and the decline in quotation means that the base currency is depreciating.
Currency pairs excluding the US dollar are called cross currency combinations, but their criteria are the same. For example, the euro/yen quotation 127.95. It means that 1 euro is equal to 127.95 yen. In foreign exchange transactions, you will see bilateral quotations, which consist of buying price and selling price. The bid price is the price at which you sell the base currency (while buying the opposite currency). The selling price is the price at which you can buy the base currency and sell the opposite currency.
Generally speaking, foreign exchange trading is a form of buying one currency and selling another. For example, buying GBP/USD means buying GBP and selling USD; Similarly, selling GBP/USD means selling GBP and buying USD.
Each currency has an internationally unified symbol, such as:
Currency, currency, currency symbol, currency
Euro yen yen
Sterling Sterling New Zealand Dollar New Zealand Dollar New Zealand Dollar New Zealand Dollar New Zealand Dollar
USD USD AUD AUD AUD AUD AUD
Swiss franc Canadian dollar
Jinyinyin
Foreign exchange transactions are conducted in the form of a pair of currencies, such as Euro/USD or USD/JPY.
The concept of "point"
In the international foreign exchange market, the exchange rate price is represented by five digits, and the last digit change of the exchange rate price is represented by a dot. For example, USD/JPY rose from 1 17.5 117.52 to 0.0 1, while EUR/USD fell from 1.3235 to/kl.
Not long ago, the morning paper published whether dollars buy Japanese yen directly or Hong Kong dollars buy Japanese yen again. Our calculation proves that it is better to buy Hong Kong dollars in US dollars first and then in Japanese yen.
Related questions and answers: GBP 103000 capital1030,000,000,000,000 nine Albumn. GBP 103000, GBP is pound, 90,000 yuan = 90,900 holidays, 103000 yuan = 65444. 1, GBP is the ISO currency code of the pound, that is to say, GBP actually refers to the pound. The pound is the currency issued by the Bank of England and other institutions, and the main circulation area is the United Kingdom. 2. The currency code of ISO42 17 adopted by the International Organization for Standardization is the pound. The pound ranks the third in the global foreign exchange reserves, only next to the dollar and the euro. The pound is the fourth largest foreign exchange trading currency after the dollar, the euro and the yen. 4.gbp is the abbreviation of GBP, which is the abbreviation of British silver coin. Sterling is mainly issued by the Bank of England, but there are also other issuers.