炒外汇的基本知识（Basic knowledge of foreign exchange speculation）.doc

炒外汇的基本知识（Basic knowledge of foreign exchange speculation） Fried foreign exchange of basic knowledge,.Txt point is smoke, but it is lonely...... Not you do not smile, a smile powder fall! People are not smart, but also learn to bald others. If you cant tie my heart, dont say Im a playboy! No matter how outstanding Chopin, also can not play Lao Tzu sadness! Be happy when youre alive, because were going to die a long time. Please dont speak English in front of me, OK? More information into exchange rate Exchange rate is the exchange rate between two different currencies. If foreign exchange is also regarded as a commodity, then the exchange rate is the price of buying another currency in one currency on the foreign exchange market. For example, $l = 110 yen, which means 1 dollars for 110 yen. The methods of exchange rate are direct quotation and indirect quotation. Direct quotation and indirect quotation Direct quotation refers to a certain unit of foreign currency as the base, the price of the domestic currency method equivalent to a certain amount, most countries adopt this method in price; China Merchants Bank opened trading currency, the yen, Swiss franc, Canadian dollars, Hong Kong dollars, Singapore dollars are using direct quotation, such as 1 =115.25 yen; =1.47 $1 Canadian dollars. Indirect quotation means the standard method of converting foreign currency into a certain amount based on the local currency of a certain unit. The euro, the pound and the Australian dollar used the indirect price method, such as 1 pounds =1.6025 US dollars; 1 euro =1.5680 Canadian dollars; 1 euro =1.0562 US dollars; 1 Australian dollars, =0.5922 US dollars, etc.. Basic exchange rate and cross rate Base exchange rate (also called the direct or underlying exchange rate): generally refers to the exchange rate between a countrys currency and the US dollar. Cross exchange rate (also called cross): refers to the comparison between the two kinds of non dollar currencies, the exchange rat