Today's opening price of foreign exchange is yesterday's closing price, and today's closing price is tomorrow's opening price.

This price change is determined by market demand fluctuations. So far, no individual, organization or country can affect the international foreign exchange price. Everyone knows that the stock market, futures, etc. can be manipulated, but the foreign exchange market absolutely cannot.

The main characteristics of the foreign exchange market are:

First, there is no definite opening and closing time.

Second, foreign exchange buyers and sellers do not need to conduct face-to-face transactions. Foreign exchange suppliers and demanders rely on communication equipment such as telex, telegraph and telephone to communicate with foreign exchange institutions.

Third, there must be a good trust relationship between the subjects, otherwise, this kind of transaction will be difficult to complete. Except for the foreign exchange transactions between some banks and customers in some continental European countries, which are still conducted on foreign exchange exchanges, foreign exchange transactions in countries around the world are conducted through modern communication networks. The invisible foreign exchange market has become the dominant form of today's foreign exchange market.