1. The benchmark price is available for major currencies, such as US dollars, pounds, euros, Japanese yen, Hong Kong dollars, etc.

2. Compared with cash, banks can save a certain amount of cash storage and overseas transportation costs, so the price can be higher. The selling price of spot foreign exchange and cash currency refers to the foreign exchange sold by banks to customers. Whether it is cash or cash currency, it cannot be paid directly in China at present. Therefore, if customers potentially pay fees overseas, banks should give them the same price.

The buying price refers to the price at which the bank buys foreign exchange, the selling price refers to the price at which the bank sells foreign exchange, and the difference is the bank's income.

The spot exchange purchase price refers to the domestic foreign currency withdrawn from abroad in your account. The bank will not directly give you the foreign currency. It will directly collect your foreign currency at the set spot exchange purchase price. The exchange rate is converted to RMB for you;

The buying price of cash is when you go to the bank to exchange RMB directly with the foreign currency in hand;

The selling price is when you need to remit foreign currency, the bank will give you The exchange rate of converting the RMB in the account into foreign currency;

Cash refers to banknotes circulating in the market, and spot exchange is a securities representing the value of currency.

What are the midpoint, buying price and selling price of the exchange rate?

The bank's foreign exchange quotation is generally 4, the foreign exchange spot buying price, the foreign exchange spot selling price, the foreign exchange cash buying price and the foreign exchange cash selling price. Their prices are added up and averaged. By counting, you can get the central parity of spot exchange and the central parity of cash;

The central parity is also called the central exchange rate, which is the average of the buying and selling exchange rates. The calculation formula is: central exchange rate = (buying exchange rate + selling exchange rate) ÷ 2.

The buying and selling prices are from the bank's perspective. When you sell foreign exchange to a bank, it is a purchase to the bank, which is called the buying price; when you exchange foreign exchange to the bank, the bank is selling, which is called the selling price; when calculating the foreign exchange quotation, the average of the two is called the midpoint price. . There is also the banknote purchase price (also called the banknote price), which is the price at which you sell foreign currency cash to the bank. Because the cost turnover of banks buying foreign currency cash is greater than that of foreign exchange, the buying price of banknotes is much lower than the buying price of foreign exchange. In addition to making money from loans, banks also make a profit from the price difference between selling and buying foreign exchange.

Bid price: The bank’s quote for buying the base currency.

Ask price: The bank's quotation for selling the base currency.

There is no guaranteed profit in investment and financial management, and the foreign exchange quotation is actually the same as a tool, similar to stocks. Therefore, after all, the foreign exchange market is still necessary for basic financial management knowledge, and not all foreign exchange and gold companies can be chosen, and not all investments can be profitable. So it is very important to get started. 1 Basic knowledge is necessary. It is recommended to read "Introduction to Foreign Exchange Trading", "Foreign Foreign Exchange Trading Market", "Japanese Candle Chart Curve", "Super Short-term Master" and "Foreign Exchange Speculation A-Z", or you can also collect information online. The download section of the free e-book FXCM Global Financial Exchange contains free this book and other free e-books on foreign exchange technology.

2 Choose a mainstream platform. The platform is regulated by the FSA or NFA, which means that their operations and capital flows are standardized and serious, ensuring our safety. The British FSA has the strictest supervision.

3 You must be familiar with the basics of foreign exchange. Choosing a British platform will also ensure the safety of your funds.

4 It is important to set a stop loss and control the position when trading.

5 Maintain a good attitude and profits are normal. (Note: You also need to know some basic foreign exchange knowledge). By the way, if you are a novice, you can register a foreign exchange demo account at FXCM Global Financial Exchange for free first. Take a look at how simulated foreign exchange speculation works, and you will understand slowly.

For example, what is the trading time, what is the English name of the currency, what is the opening and closing time and market time, all have a great impact on our foreign exchange price, after learning the entry preparation work. We need to understand the timetable for forex gold trading. Opening and closing times of major international foreign exchange markets (Beijing time):

Wellington Foreign Exchange Market, New Zealand: 04:00-12:00

Australian Foreign Exchange Market: 6:00-14:00

Forex market in Tokyo, Japan: 08:00-14:30

Forex market in Singapore: 09:00-16:00

Forex market in London, UK: 15 ：30-00：30

Frankfurt Foreign Exchange Market in Germany: 15:30-00:30

New York Foreign Exchange Market in the United States: 21:00-04:00, after understanding the foreign exchange quotation When it comes to basic knowledge and time, we need to pay attention to classification and composition. 1. On foreign exchange prices, we often see English words, using 3 English letters to represent the name of a currency. U.S. dollars (USD) Euro (EUR) Japanese yen (JPY) Pound sterling (GBP), a standard international foreign exchange unit is 100,000 base currencies, these are must-see currency knowledge collection of FXCM Jinhui.com, especially some that are not Common currencies are in English, such as NZD/AUD/JPY.

2. The smallest unit of change in international spot gold - point (PIP).

The exchange rate is generally expressed as a 5-digit number. A change of 1 in the last digit is the minimum exchange rate change. It is called 1 point. A standard lot of gold is 100 ounces. 1． According to whether there is a fixed location for market transactions, there are intangible markets and tangible markets. Most transactions in the gold market are done through brokers. The gold market charges high fees per gold broker seat.

2. According to the role of the market, there are leading gold markets and regional gold markets.

3. According to the degree of market regulation, there are free trading markets and restricted trading markets.

4． According to market transaction methods, there are spot market and futures market.