外汇常识（Forex common sense）.doc

外汇常识（Forex common sense） Third foreign exchange common sense 1. foreign exchange Foreign exchange refers to the exchange of a countrys currency into another countrys currency, which is accompanied by the expansion and expansion of international economic contacts. Generally experienced by gold and silver as the main means of payment period, in sterling as the main means of payment, with the dollar as the main means of payment period, to the world in dollar, euro, yen three currency as the main means of payment period. 2. exchange rate In foreign exchange markets, the price of buying another currency in one currency, or the parity of one currency with another. USD / RMB = 8.28 For $8.28, you can buy up to $1. 3. appreciation and depreciation of the currency Appreciation of the currency: the amount of money exchanged by one country for another; the appreciation of the currency. Devaluation of a currency: the amount of money exchanged by another country, the value of which is reduced, and the value of the currency depreciated. For example: aud / USD, in September 2003 the Australian dollar to 0.6750 U. S. dollars, in January 2004, 1 Australian dollar to 0.7750, the Australian dollar appreciation, the dollar depreciated. 4. exchange rate pricing Indirect quotation: calculated in the national currency. How many units of foreign currency are exchanged in 1 units or 1000 units?. US dollar, pound sterling, euro, Australian dollar, etc.. For example: GBP / USD = 1.8260 AUD / USD = 0.7605 EUR / USD = 0.6836 Direct quotation: in the foreign currency (usually the US dollar) as the standard of calculation. How much foreign currency is exchanged for 1 units or 1000 units?. Yen, Swiss franc, Canadian dollar, Hong Kong dollar, and renminbi. For example: USD / JPY = 105.50 USD / CAD = 1.3359 USD / CHF = 1.2516 Whether it is the direct price method or the indirect price method, the exchange rate rises, the front currency appreciates, and the latter depreciated. 5. codes and symbols fo