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What does foreign exchange speculation mean?
Foreign exchange is the creditor's rights held by the monetary management authorities (central bank, monetary management institutions, foreign exchange stabilization fund and Ministry of Finance) in the form of bank deposits, treasury bonds and long-term and short-term government securities. , which can be used when the balance of payments is in deficit.

Including foreign currency, foreign currency deposits, foreign currency securities (treasury bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ).

By 20 15, China ranks first in the foreign exchange reserves of governments around the world. The United States, Japan, Germany and other countries have a large number of private foreign exchange reserves, and the overall foreign exchange reserves of the country are much higher than that of China.

Extended data:

China classification

According to the control:

(1) cash, the four kinds of foreign exchange referred to in China's Provisional Regulations on Foreign Exchange Management are all cash, which can be used as a means of payment for international settlement immediately;

(2) purchase of foreign exchange, that is, the foreign exchange index approved by the state can be used. If you want to change the index into cash, you must use RMB to buy cash from the designated bank within the index limit according to the exchange rate announced by the State Administration of Foreign Exchange. Technically, it's called purchasing foreign exchange. You must use the function of purchasing foreign exchange according to the specified purpose.

According to Nature:

(1) Trade foreign exchange, which comes from import and export payment and auxiliary expenses related to import and export trade, such as foreign exchange used for freight, insurance, sample fees, publicity and promotion fees, etc.;

(2) Non-trade foreign exchange, foreign exchange receipts and payments other than import and export trade, such as remittance, tourism, ports, civil aviation, insurance, banking, foreign contracted projects, etc.

References:

Baidu encyclopedia-foreign exchange