trading hour
As the global foreign exchange market runs 24 hours in a row, foreign exchange transactions take the longest time.
Except for non-trading days such as Saturday, Sunday and closed days, the international foreign exchange market is open for trading all day, and investment can be made during the day and night. As long as the bank can provide services, individual residents can conduct 24-hour foreign exchange transactions from 8 am on Monday to 3 am on Saturday.
foreign exchange fluctuation
Because the global exchange rate system is mainly floating exchange rate, and the international foreign exchange market is affected by various international political and economic factors and various emergencies, exchange rate fluctuations have become a normal phenomenon, and sometimes even fluctuate greatly. There is no limit to exchange rate fluctuations in the international foreign exchange market. Exchange rate fluctuation brings opportunities and risks to personal foreign exchange trading business.
Flexible trading
(1) Real-time transaction and pending order entrusted transaction
(2) Counter transactions, telephone transactions, self-service terminals and online transactions.
exchange currencies
As the US dollar is the medium currency of international foreign exchange market transactions, most foreign exchange transactions involve US dollars, such as US dollars/Japanese yen, Euro/US dollars, British pounds/US dollars, US dollars/Swiss francs and so on. After the advent of the euro, the transactions between the euro and major convertible currencies have attracted more and more attention from the market.
(foreign) exchange quotations
On the basis of the real-time exchange rate in the international foreign exchange market (the quotation in the international foreign exchange market is bilateral quotation, and the bank quotes both the buying price and the selling price. Under normal circumstances, the bid-ask spread is about 5 basic points, which is a part of the bank's profits), resulting in personal foreign exchange buying and selling prices, which change with the international foreign exchange market.
Settlement time
Multiple reverse transactions can be conducted on the same day, and the value date adopts the T+0 method, that is, individual residents can sell (buy) the currency they bought (sold) on the same day, and the number of transactions is unlimited.