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外汇与汇率学习频道(Foreign exchange and exchange rate learning channel)
外汇与汇率学习频道(Foreign exchange and exchange rate learning channel)
The second chapter is foreign exchange and exchange rate
Introduction
The main point of this chapter is to introduce the common sense knowledge of foreign exchange transactions, which has many applications in daily life and foreign exchange transactions, and avoids low-level mistakes in transactions. For example, some investors are bullish on the yen, but they buy the dollar / yen, and at the end of the day there may be a completely correct judgment, but the loss is due to the wrong direction of the transaction.
Section 1 definition of foreign exchange
The foreign exchange English, Foreign Exchange, FX or Forex, for example Jiaruiji foreign star website: Forex refers to foreign exchange, star means Star in Italy, foreign star website aims to create foreign exchange trading star.
As for the definition of foreign exchange, there has never been a unified concept in the world. In fact, foreign exchange means currency that can be paid internationally. For example: dollars, euros and so on. The existence of foreign exchange can be either cash in life or in bank accounts, as well as travelers checks in foreign currencies, cash checks, promissory notes, bills of exchange and so on.
The International Monetary Fund (International Monetary Fund, referred to as IMF) as follows: interpretation of the concept of foreign exchange of foreign currency administration (the central bank, monetary institutions, foreign exchange stabilization fund and the Ministry of Finance) in bank deposits, treasury bills, short-term government securities held by the form, can be used in the international balance of payments deficit debt.
According to the provisions of the third regulations of the Provisional Regulations on foreign exchange control promulgated by our country in 1996, foreign exchange refers to the means of payment and assets which are expressed in foreign currencies and can be used for international settlement:
(1) foreig
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