The foreign exchange market refers to a trading place that engages in foreign exchange transactions and regulates foreign exchange supply and demand internationally. Its function is to trade monetary goods, that is, the currencies of different countries.

The main participants include:

1, central bank (PBOC)

2. Specialized foreign exchange banks.

3. Foreign exchange broker

4. Discount company

5. Foreign exchange traders.

6. Transnational corporations

7. Foreign exchange speculators.

8 importers, exporters and other foreign exchange suppliers and demanders

Participants in the above eight types of foreign exchange market transactions can be summarized into four parts: central banks, foreign exchange banks, foreign exchange brokers and customers in the foreign exchange market.

The participation of these four parts in the market constitutes five main forms or relationships of all transactions in the foreign exchange market:

1, foreign exchange transactions between foreign exchange banks and foreign exchange brokers or customers;

Foreign exchange transactions between foreign exchange banks in the same foreign exchange market;

3. Foreign exchange transactions between foreign exchange banks in different foreign exchange markets;

4. Foreign exchange transactions between the central bank and foreign exchange banks;

5. Foreign exchange transactions between central banks.

Tips: The above contents are for reference only.

Response time: 2021-12-13. Please refer to the latest business changes announced by Ping An Bank in official website.