At present, there are about 30 major foreign exchange markets in the world, distributed in different countries and regions.According to the traditional regional division, the world's major foreign exchange markets can be divided into three parts: Asian market, European market, and North American market.Among them, the most important foreign exchange markets are the London market, New York market, Tokyo market, Hong Kong market, Singapore market, Zurich market, Frankfurt market, Paris market, etc.This article LTG GoldRock will share with you the Tokyo foreign exchange market, the Hong Kong foreign exchange market, and the Singapore foreign exchange market ~
Tokyo Foreign Exchange Market
The Tokyo foreign exchange market has developed with the development of Japan's foreign economy and trade, and is linked to Japan's financial liberalization and internationalization process.From the perspective of the currency and types of transactions, because Japan's import and export trade is mostly settled in the US dollar, more than 90%of the Tokyo foreign exchange market is traded in the US dollar against the yen, and the yen has less transactions against other currencies.The foreign exchange trading varieties of the Tokyo foreign exchange trading market include coffee transactions, long -term transactions and swap transactions.The current foreign exchange transactions are divided into bank settlement transactions for customers' settlement transactions on the day and the bank's interbank industry.The proportion of current transactions and long -term exchanges in the Tokyo Foreign Exchange market is not high, but the business volume of drop -off transactions is very large, and the number of yen -against dollars is maximum.
Traders in the Tokyo Foreign Exchange market are traded through modern communication facilities.There are five types of participants in the Tokyo foreign exchange market: first, foreign exchange professional banks, that is, Tokyo Bank; the other is the designated bank of foreign exchange, which means that there are 342 banks that can operate foreign exchange business, including 243 domestic banks and 99 foreign banks;Third, there are 8 foreign exchange brokerage agencies; fourth, other Japanese banks; five non -non -bank customers, mainly corporate legal persons, import and export corporate business companies, life insurance companies, investment trust companies, trust banks, etc.
Hong Kong foreign exchange market
Hong Kong is a free port, and the Hong Kong foreign exchange market is one of the most important foreign exchange trading centers in the world.The Hong Kong market is opened at 9 am every day, but many financial institutions have been displayed in the market half an hour ago.By 5 pm, major banks have rushed to foreign exchange positions on the day, and basically no longer do new transactions. Generally, it can be considered that 5 pm is the time for the Hong Kong foreign exchange market.However, in fact, many institutions will continue to trade in the London and New York market after the foreign exchange market is closed in Hong Kong, and the transaction is not stopped until the closing of the New York market.The Hong Kong foreign exchange market consists of two parts: one is the Hong Kong dollar market against foreign currency, including the dollar, the yen, the euro, the British pound, the Canadian dollar, the Australian dollar and Southeast Asian countries: the second is the US dollar against other foreign exchange markets.The purpose of this market is to complete the international allocation of multinational corporations and multinational bank funds.
Traders in the Hong Kong foreign exchange market conduct foreign exchange transactions through various modern communication facilities and computer networks.The geographical location and time zone conditions in Hong Kong, China are similar to Singapore, which can easily trade with other international foreign exchange markets.
Singapore foreign exchange market
The Singapore foreign exchange market has developed with the development of the Asian dollar market. The main participants are foreign exchange banks, foreign exchange brokers, commercial customers and the Singapore Financial Administration.
Most of the transactions in the foreign exchange market in Singapore are handled by foreign exchange brokers and associated with Singapore and other financial centers in the world through them.Foreign exchange transactions in the new foreign exchange market are mainly US dollars, and US dollar transactions account for about 85%of the total foreign exchange transactions.Most of the transactions in the Singapore foreign exchange market are transactions in the right period, and the total transaction of swap transactions and long -term transactions accounts for only 1/3 of the total transaction amount.The exchange rates of the Singapore foreign exchange market are quoted in US dollars, and the exchange rate between non -US dollar currencies is obtained through sets.
