In practical applications, there are many types of exchange rates. Today, LTG Goldrock will share the last four categories of the exchange rate from different angles ~
Basic exchange rate and set of exchange rates
According to different exchange rate formulation methods, the exchange rate can be divided into basic exchange rates and sets of exchange rates.
Basic exchange rates refer to the exchange rate for the ratio of the value of local currency to key currencies.Key currencies refer to currencies that are the most useful in international revenue and expenditure, the largest proportion of the ancients in each of the foreign exchange storage, and is widely exchanged internationally internationally.The US dollar is the most widely used currency internationally, so most countries regard US dollars as key currencies.
The set of exchange rates refers to the exchange rate obtained by setting other exchange rates based on the basic exchange rate, also known as the cross exchange rate.Now let's show the calculation method of the exchange rate.
7. Electric exchange exchange rate, letter exchange exchange rate and ticket exchange rate
According to the different ways of payment notifications of foreign exchange transaction, the exchange rate can be divided into radio exchange rates, letter exchange exchange rates and ticket exchange rates.
Electric exchange exchange rate (T/T rate) refers to a exchange rate used by foreign branches or agents after the bank sells foreign exchange, using telephone, telephone, and electricity to be notified.Electric remittance is the fastest way of remittance, which allows the payee to receive remittances in the shortest time.Large amounts of foreign exchange trading between different foreign exchange markets are usually used to use electricity exchange.Compared with the exchange rate of the exchange rate and the exchange rate of the letter, the exchange rate is higher.Electric exchange exchange rate has now become the basic exchange rate for calculating other exchange rates.
The exchange rate (WT Rate) refers to the exchange rate used in foreign exchange transactions in a letter.Xinhui is the state -owned relevant bank that the payer entrusts it to entrusts the relevant banks where the contributor is located by the postal communication method to pay the payee.The letter of receipt of the letter is slower than that of the foreign exchange exchange, so its exchange rate is lower than the exchange rate of the exchange.
Ticket exchange rate (referred to as D/D Rate) refers to the exchange rate of foreign exchange trading based on the exchange of bills, checks and other bills as a payment method.It is also divided into three types: exchanges, long -term ticket exchange rates, and current banknote prices.The current ticket exchange rate refers to the rate of trading and selling the exchange bill; the exchange rate of the long -term ticket refers to the exchange rate obtained from the exchange rate of the exchange bill after the exchange rate of the futures ticket;Refers to the price of buying and selling foreign currency cash, generally calculates the transfer fee, insurance premiums and bouquets of the bank's purchase price.Because ticket exchange rates usually use ticket exchange notifications, from selling foreign exchange to actual payment of foreign exchange intervals for a long time, the exchange rate of ticket exchange rates is generally lower than the exchange rate of electricity exchange.
8. The opening exchange rate and closing exchange rate
Depending on the opening and closing time of the foreign exchange market, the exchange rate can be divided into the opening exchange rate and the closing exchange rate.
The opening exchange rate refers to the exchange rate at the beginning of the start of the sales and sales transactions of each business daily Japanese exchange market, also known as the opening price.The closing exchange rate refers to the exchange rate at the end of the sales and selling transactions of each business daily Japanese exchange market, also known as the closing price.
9. Fixed exchange rate and floating exchange rate
According to the difference in the exchange rate system, the exchange rate can be divided into fixed exchange rates and floating exchange rates.
The fixed exchange rate refers to the basis of the exchange rate of one currency and the other currency, and the exchange rate fluctuation is limited to a certain range, and the official intervention to ensure the stability of the exchange rate.The fixed exchange rate system is a exchange rate system that connects under the Golden System and the Bretton Forest system.At present, some developing countries still implement a fixed exchange rate system.
The floating exchange rate refers to the currency authorities that do not stipulate the official exchange rate of the local currency to other currencies, and there is no upper and lower limits of the fluctuation rate of exchange rates. The foreign exchange exchange rate fluctuates with the changes in the supply and demand of the foreign exchange market.When the foreign currency supply is too required, the foreign currency depreciation, the appreciation of the local currency, and the foreign exchange rate falling rates; on the contrary, when the foreign currency supply should be appreciated, the foreign currency appreciates, the local currency depreciation, and the rising foreign exchange rate.
