The conversion price is related to the face value of convertible bonds, and the conversion parity is related to the market price of convertible bonds (conversion parity = market price of convertible bonds/conversion ratio). When the stock price in the market is equal to the conversion parity, investors are in breakeven, and when the stock market price is lower than the conversion parity, they are at a premium; On the contrary, it is in a discounted state, and there is an arbitrage opportunity at this time. The calculation of premium and discount can be directly compared with the stock market price and conversion parity.
For personal foreign exchange speculation, extended information may pay more attention to the discount in spot foreign exchange transactions. Generally speaking, foreign exchange transactions in the international foreign exchange market are regarded as spot transactions unless a date is specified.
At present, it is in the real-time quotation system of REUTERS and Moneyline (SeeWaa) in China. The foreign exchange rate it quoted is the spot exchange rate. If the delivery date of the buyer and seller is not the spot date, the exchange rate must be adjusted to reflect the interest rate difference between the two currencies, so the exchange rate on a specific date will be different from the spot exchange rate.
There are two ways to quote money: direct quotation and indirect quotation. Direct quotation method, also known as price quotation method, refers to the measurement of a unit's foreign currency in domestic currency; Indirect quotation method, also known as quantity quotation method, refers to how much foreign currency a unit of domestic currency is converted into.
The "exchange point" comes from the "interest rate level difference" between the two trading currencies. This difference can be expressed in the form of exchange rate, which is the exchange point between two currencies in a certain period of time.
References:
Baidu encyclopedia-promotion discount