The exchange market is the global biggest finance produce market, daily average business volume amounts to 320,000,000 US dollars to September, 2007, is equal in US stock market 30 times, China Stock market daily average business volume 600 times. Daily said the foreign currency trading is refers to simultaneously buys up in one pair of currency composition one kind of currency to sell another kind of currency the foreign currency trading way. In the international market each kind of currency foreign exchange fluctuation is frequent, and by currency to form transaction, for instance euro/US dollar or US dollar/Japanese Yen. the exchange market's main superiority lies in its transparency to be high, because the business volume is huge, the main force fund (for example government foreign exchange reserve, transnational financial group fund remittance, foreign exchange speculator's fund operation and so on) is limited to the market exchange rate change's influence ability. On the other hand, to foreign exchange fluctuation's fundamental plane analysis, can have the tremendous influence usually is the important data which announces by various countries' government (for example GDP, the Central Bank interest rate), the high-quality government official's speech, or the International organization (for example the European Central Bank) issued news. the exchange market does not have the concrete place, does not have the central exchange, all transactions are carry on between the bank through the network. In the world any financial organ, the government or the daily 24 hours momentarily may participate in the transaction personally.
At present the domestic foreign exchange company, has not been a business agent completely. Now in the market the domestic volume of users biggest platform respectively is ODL FXDD FXSOL and the luck collects. the ODL main business agent collects international Long Huimei to collect and so on the FXDD main business agent to have Hangzhou tertiary wave Asia to collect and so on the FXSOL main business agent is famously link Asia the luck collects as a result of its operation way reason, domestic has not had the strength business agent. foreign exchange exchange rate the foreign currency trading is exchanges another kind of foreign currency by one kind of foreign currency. The quoted price is an exchange rate, usually indicated with two kind of currency's between exchange proportions, for example: USD/JPY, GBP/JPY. The exchange rate is the first kind of currency (underlie currency) (as valuation currency) expresses the price by the second kind of currency. For example: The USD/JPY exchange rate is 120.10 namely expressed that 1 US dollar exchanges 120.10 Japanese Yen. One kind of currency cannot become the exchange rate alone. The exchange rate marked price's smallest unit is called the spot. The GBP/JPY exchange rate from 243.50 turns 243.51, namely the exchange rate rose a spot.
The foreign exchange straight plate is refers to US dollar to other currency transaction. For example: Euro/US dollar, US dollar/Japanese Yen, pound/US dollar. the cross trading is refers to between two non-beautiful currencies the transactions. For example: Euro/pound, euro/Japanese Yen, pound/Japanese Yen. foreign exchange elementary knowledge: the foreign exchange is the foreign exchange abbreviation. Usually refers to by the foreign currency expresses may use in each payment means which the international creditor's rights debt settles accounts. Including: Foreign currency, deposit in foreign currency, foreign currency negotiable securities (government bond, treasury bill, debenture bond, stock and so on), foreign currency disbursement voucher (bill, bank deposit certificate, postal savings certificate and so on).
The foreign exchange straight plate is refers to US dollar to other currency transaction. For example: Euro/US dollar, US dollar/Japanese Yen, pound/US dollar. the cross trading is refers to between two non-beautiful currencies the transactions. For example: Euro/pound, euro/Japanese Yen, pound/Japanese Yen. foreign exchange elementary knowledge: the foreign exchange is the foreign exchange abbreviation. Usually refers to by the foreign currency expresses may use in each payment means which the international creditor's rights debt settles accounts. Including: Foreign currency, deposit in foreign currency, foreign currency negotiable securities (government bond, treasury bill, debenture bond, stock and so on), foreign currency disbursement voucher (bill, bank deposit certificate, postal savings certificate and so on).
