The foreign exchange market is a 24-hour uninterrupted market, from the opening of the Marshall Islands market at 4 am Beijing time to the closing of the United States at 4 am Beijing time the next day. Usually, we all think that the global foreign exchange market starts at 4 am on Monday and ends at 4 am on Saturday. ?

But in fact, the global foreign exchange market does not rest on Saturday and Sunday, because Arab countries do not rest on Saturday and Sunday and rest on Friday. Therefore, in general, large-scale foreign exchange fairs on Saturday and Sunday are moved to Dubai's foreign exchange trading center, where the opening hours are from 10 to 16 (Beijing time 14: 00 ~ Beijing time). Therefore, Miyazawa, Minister of the Japanese Ministry of Finance, once boasted that "the foreign exchange market is not on holiday".

Exchange rate change and profit calculation of extended data

1, the smallest unit of exchange rate change is "point", and the last digit change of exchange rate is called 1 point (1 point).

For example, the Australian dollar/US dollar changed from 0.7727 to 0.7732, and we said that the Australian dollar rose by 5 points.

Note: In foreign exchange transactions, the relationship between the number of points in all currencies and the US dollar is: 1 point equals 10 USD; Gold is a precious metal, and the relationship between its number of points and the dollar is: 1 point equals 1 dollar.

2. Calculation method of profit:

Formula of foreign exchange profit amount: profit amount = profit points × 10 USD× lots.

Formula of gold profit amount: profit amount = profit points × 1 USD× lots.

Minnan language. Com- what is foreign exchange and how to speculate it? Currency codes of various countries, major foreign exchange markets in the world and opening hours.