A: The international foreign exchange market refers to the trading place or business network where residents and non-residents buy and sell foreign exchange according to the market mechanism.

Characteristics of the international foreign exchange market:

(1) The international foreign exchange market is mainly an intangible market, and there is usually no fixed trading place. Transactions are mainly conducted through information networks composed of communication tools such as telephone, telegraph, telex and computer terminals;

(2) It is a full-time market, forming a global 24-hour all-weather market;

(3) The types of trading currencies are relatively concentrated, with USD and EUR as the main trading currencies.

The main trading tools are Reuters Terminal, Associated Press Terminal, Deli Financial Terminal and Global Financial Telecommunication Network.