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Briefly describe the function of spot foreign exchange trading.
Spot foreign exchange trading, also known as spot foreign exchange trading, is the symmetry of forward foreign exchange trading. Refers to the form of foreign exchange transactions in which buyers and sellers make delivery on the day or the second business day after the transaction is completed. Spot foreign exchange transaction is the most common transaction form in the international foreign exchange market, and its basic function is to complete currency exchange.

Its function is to meet the temporary payment demand and realize the international transfer of currency purchasing power; Adjust the proportion of various foreign exchange positions through spot foreign exchange transactions to maintain the balance of foreign exchange positions in order to avoid the risk of economic fluctuations; Make use of the cooperation between spot foreign exchange trading and forward trading to speculate on foreign exchange and seek speculative profits.

Spot foreign exchange trading is the most common trading form in the foreign exchange market. Its trading volume ranks first among all kinds of foreign exchange transactions. So some concepts related to it must be clarified.