The difference between a real offer and a virtual offer is as follows:

1. A real offer is binding on the offeror, while a virtual offer is not binding on the offeror;

< p>2. A real offer has detailed content and specific conditions, while a virtual offer does not require detailed content and specific conditions, nor does it need to indicate the validity period, transaction intention, etc., and has no legal effect;

3 , A firm offer stipulates that the validity period, goods name, quality specifications, packaging, quantity, price, etc. are required, while the meaning of a virtual offer is generally very vague, without a definite expression. Although some offers have clear meaning and complete requirements, they have certain The retention conditions are also virtual disks.

Foreign exchange real offer transactions adopt the T+0 clearing method. After the customer completes a transaction, the bank's computer system automatically completes the fund delivery immediately. In other words, if the market is volatile, investors can seize multiple profit opportunities in a day.

A transaction in which a customer exchanges a certain freely convertible foreign exchange (or foreign currency) held by a domestic commercial bank for another freely convertible foreign exchange (or foreign currency) is called "foreign exchange" Real deal”.

The so-called "firm offer" means that in this kind of transaction, customers cannot use financing methods similar to those in futures trading, that is, after paying a margin, they obtain financing from the bank to increase the transaction amount several times.

The currencies that domestic commercial banks can offer for foreign exchange transactions basically include US dollars, euros, British pounds, Japanese yen, Swiss francs, Canadian dollars, Australian dollars, Hong Kong dollars, etc. These currencies are all freely convertible. Foreign exchange real offer transactions do not provide transactions involving foreign exchange (or foreign currencies) that are not freely convertible.

When conducting real foreign exchange transactions, if the exchange is between US dollars and another freely convertible foreign exchange (or foreign currency), this transaction is customarily called "direct transaction"; if the exchange is There are two freely convertible foreign exchange (or foreign currencies) other than the US dollar. This kind of transaction is customarily called "cross trading".

When expressing a certain exchange rate, the base currency comes first, followed by the target currency, separated by "/" in the middle, which indicates how much of the target currency a unit of base currency can be exchanged for.

There are two ways to quote the exchange rate involving the US dollar. The quotation method using US dollars as the base currency is called "direct quotation". Those with the U.S. dollar as the target currency are called "indirect quotes."

What are the characteristics of foreign exchange real offer?

1. The spread is large, between 16 and 40 points, which greatly increases the transaction costs of investors.

2. Profit can only be made in one direction, and the profit comes from the exchange rate difference between buying and selling.

3. No Leverage Since there is no financial leverage, the income from foreign exchange firm trading mainly comes from the amount of principal invested, so the threshold for required funds will be very high. If it is a small amount of money, you will not be able to make money at all. !

4. Due to the regulations of the Administration of Foreign Exchange, domestic banks "same price for exchange and banknotes". Since the profits from real foreign exchange transactions mainly come from the exchange difference, the bank's quotation is basically "same price for exchange and banknotes". price", so it has a great impact on investors' profits.