Today, LTG GOLDROCK will share with you what is the future foreign exchange transaction and the future foreign exchange market ~
SPOT Exchange Transaction, also known as the current exchange transaction, refers to the foreign exchange transactions that the buyers and sellers agreed on the two business days after the transaction."Jimading" means that the transaction is completed at the time, but because the global foreign exchange market takes 24 hours to run for one week, this caused obstacles to the delivery of time differences in various markets. Thereforetrade.
Period trading is the most common and most common form of transaction in the foreign exchange market. The basic role is to meet the temporary payment demand for customers, the transfer of currency purchasing power, adjusting currency positions, and foreign exchange speculation.Its trading exchange rate constitutes the basis for the exchange rate of the entire foreign exchange market.Generally speaking, when foreign exchange transactions are conducted in the international foreign exchange market, unless the special specified date is, it is generally regarded as a period of time.
The current foreign exchange market can be divided into the foreign exchange retail market and the foreign exchange wholesale market according to the different financial instruments or financial assets used in transactions.The foreign exchange retail market is also known as the foreign currency cash market (Cash Market). It is a foreign exchange trading market between foreign exchange banks and customers. In this market, it is mainly foreign currency cash and foreign currency travel checks.The foreign exchange wholesale market is a foreign exchange trading market between banks and banks. The main participants are banks, foreign exchange brokerage companies and central banks from various countries.The current foreign exchange market referred to in market transactions generally refer to the latter, that is, the foreign exchange wholesale market between banks.
In the market -based foreign exchange market, there are many traders, and their purpose is different. The central banks carry out the targeted foreign exchange transactions for the purpose of a stable exchange rate of a country;The risk also includes the purpose of foreign exchange speculation. The amount of foreign exchange transactions between banks is huge, which constitutes the main body of the foreign exchange market. The most basic transaction is a transaction between banks and customers. Customers conducted on the right exchange of foreign exchange transactions include foreign exchange trading, Imported payment, foreign exchange speculation and other businesses. The immediate foreign exchange transactions between banks and customers are generally retail foreign exchange transactions, and the transaction amount is relatively small.The bank's current foreign exchange position is generally not flat immediately, but when it is accumulated to a certain amount, hedge is performed.
