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How to price local currency settlement?
Local currency settlement includes direct pricing, indirect pricing and dollar pricing.

1. Direct pricing method: Also called direct quotation, how much local currency should be paid is calculated according to a certain unit of foreign currency (1, 100, 1000, 10000).

2. Indirect valuation method: indirect valuation method, also called receivable valuation method, calculates multiple foreign currency units (such as 1 unit) according to the functional currency of a unit.

3. Dollar pricing method: The quotation sheet for foreign exchange market transactions adopts the dollar pricing method, also known as new york pricing method.