Foreign exchange market: refers to the market where foreign currency, foreign currency bills and other securities are bought and sold. It is a major part of the financial market. Due to the different monetary systems in different countries, if you want to pay abroad, you must first buy foreign currency with your own currency; On the other hand, foreign currency payment vouchers received from abroad must also be converted into local currency to circulate in China. Therefore, the exchange of local currency and foreign currency has arisen, and the foreign exchange market has been formed after solving these problems.
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