外汇基础知识（Basic knowledge of foreign exchange）.doc

外汇基础知识（Basic knowledge of foreign exchange） .txt basic knowledge of foreign exchange, Taiwan, I do not recover a day, I only 4 classes a day! If the sun doesnt come out, I wont go to work; if it comes out, Ill go on sleeping! Cjyzpcl 2007-08-07 The personal foreign exchange trading skills course The first lesson of foreign exchange and foreign exchange market Dont know the foreign exchange? Please start from here. 1, foreign exchange Foreign exchange is a foreign currency or a means of payment expressed in foreign currencies that can be used for international settlement. The third regulations on foreign exchange control promulgated by our country in 1996 stipulated the specific contents of foreign exchange as follows: foreign exchange refers to: foreign currencies. Including paper money, coins. Foreign currency payment voucher. It includes bills, bank payment documents, postal savings certificates, etc.. Foreign currency securities. Including government bonds, corporate bonds, stocks, etc.. Special drawing rights and European Monetary unit. The other foreign currency assets. 2, exchange rate and pricing methods Exchange rate, also known as the exchange rate, refers to the price of a countrys currency in another countrys currency, or the parity between the two currencies. In the foreign exchange market, the exchange rate is shown in five digit numbers, such as: Euro EUR 0.9705 Yen JPY 119.95 GBP GBP 1.5237 CHF CHF 1.5003 The minimum change in the exchange rate is a point, that is, a change in the figure of the last digit, such as: Euro EUR 0.0001 Yen JPY 0.01 GBP GBP 0.0001 CHF CHF 0.0001 In accordance with international practice, usually three letters in English to indicate the name of the currency, the English name after the above is the English code of the currency. There are two types of exchange rate pricing: direct quotation and indirect quotation. (1) direct quotation The direct price method, also known as the payable price method, calculates the amount of for