LTG Gold Rock Foreign Exchange Knowledge Class: Talking about foreign exchange currency pairs
For foreign exchange investors, foreign exchange currencies are the most basic knowledge. Understanding foreign exchange currency pairs is also the basis for calculating points. For example, euro/USD exchange rate is 1.1817.IntersectionLet's talk about the classification of foreign currency pairs.
Foreign exchange currency pairs are one -on -one, such as euro/USD, pound/USD, Australian dollar/USD, etc. The previous currency is called the benchmark currency, and the latter currency is called the currency.
To understand this basic concept, we can talk about today's themes, the classification of foreign currency pairs.Foreign exchange currency pairs can be roughly divided into straight currency pairs and cross -trading currency pairs.
The so -called straight currency pairs refer to the dollar currency pairs, cross -trading currency pairs, referring to the currency pair without US dollars.For straight currency pairs, there can also be a more segmented classification, that is, the straight disk of the positive quotation and the straight disk of the reverse quotation, so the straight disk of the positive quotation is the currency pair of the US dollar in the back, such as the euro/USD, British/USD, Australian dollar/USD, etc.; And the so -called reverse quotation is a straight disk of US dollars in front, such as USD/Swiss franc, USD/Canadian dollar, USD/yen, etc.
Foreign exchange investment is mostly based on straight currencies, but similar, some cross currencies are also popular. For exampleYen, euro/pound and euro/Swiss franc, yen is also one of the most popular currencies. Common yen cross currencies are euro/yen, pound/yen, Australian dollar/yen, New York/yenwait.
After understanding the classification of currency pairs, we can better calculate points value.
