Recently, a series of abnormal behaviors such as the escalation of TR foreign exchange withdrawal restrictions, crazy activities, attracting people's heads and engaging in policy-level rewards all indicate that the collapse is imminent!

In foreign exchange quotations, we often see English words, with three English letters indicating the name of the currency. USD, EUR, JPY and GBP, a standard international foreign exchange unit is 654.38+ million base currency, especially some currencies that are not commonly used in English, such as NZD NZD and AUD, which need to be understood.

General classification:

According to the degree of restriction: it is divided into freely convertible foreign exchange, limited freely convertible foreign exchange and bookkeeping foreign exchange.

Freely convertible foreign exchange is the most used foreign exchange in international settlement, which can be bought and sold freely in the international financial market, can be used to pay off creditor's rights and debts in international finance, and can be freely converted into currencies of other countries. Such as US dollars, Hong Kong dollars and Canadian dollars.

Limited freely convertible foreign exchange refers to foreign exchange that cannot be freely converted into other currencies or paid to a third country without the approval of the issuing country. According to the regulations of the International Monetary Fund, all currencies with certain restrictions on international current payments and capital transfer are restricted freely convertible currencies. More than half of the national currencies in the world are limited convertible currencies, including RMB.

Reference to the above content: Baidu Encyclopedia-Foreign Exchange