Knowing the calculation of integral value, we can understand the significance of monetary integral value.

All foreign currency pairs can be divided into three categories: forward quotation pair (GBPUSD), reverse quotation pair (USD-JPY, USD-CHF) and cross exchange rate (GBP-CHF, EUR-JPY, etc. ).

For foreign exchange pairs with forward quotation, the calculation of point value is based on formula.

-Show quoted text-

[Point] = [Batch] × [Split Closing Point]

[batch]

-number of hands;

[Scale size]

-The number of hops, for example, 0.005438+0 for EUR/USD. For currencies with forward quotations, the value of each point is constant and does not depend on the current quotation.

Example:

For EUR/USD, the batch is 100000 EUR and the quotation unit is -0.05438+0. [pip] =100000 * 0.0001=10.00 USD.

For foreign exchange pairs with reverse quotation:

[pip]=[ batch] × [quotation unit]/[current quotation]

[Current Quotation]-The current quotation. For currencies with reverse quotation, the value of each point depends on the current quotation.

Example:

For USD/JPY, the batch size is $ 100000 and the price point is -0.0 1. The quotation is 129.20, [pip] =10000 * 0.01129.20 = USD 7.74.

For cross exchange rates:

[pip]=[ batch] × [quotation unit ]× [basic quotation]/[current quotation]

[Basic Quotation]-Current basic foreign exchange quotation.

Example:

GBPCHF, batch 62500, offer 2.3000. The basic foreign exchange quotation is GBPUSD 1.4550, and the point value is 62500 * 0.0001*1.4550/2.3000 = USD 3.95.

Maybe you don't know how to calculate. Let me put it briefly: usdjpy100.000 0.01=1000 yen/point.

Uersd100.000 0.0001=10 USD/point.

Gbpusd100.000 0.0001=10 USD/point.

USD100.000 0.0001=10 Swiss francs/point.

Looking at these data, it means that every point is the latter currency of 10 unit, such as 0.0 1 yen, which means 100 points, that is,100 *10 =100. Are you clear?