Discount means that the forward exchange rate is lower than the spot exchange rate, which corresponds to "premium". Under normal circumstances, the discount of bank quotation is only two or three digits. If it is a two-digit number, it is the third and fourth digits after the decimal point. If you quote three digits, it is the second, third and fourth digits after the decimal point. The size of the premium number and the arrangement order of the two numbers are also different according to the premium or the premium. Under the direct quotation, the large number comes first and the decimal number comes last, which is the discount. Under the indirect pricing method, the decimal number comes first and the large number comes last, which is the discount.

Premium means that the forward exchange rate is higher than the spot exchange rate. Corresponding discount. Under normal circumstances, the discount of bank quotation is only two or three digits. If it is a two-digit number, it means the third and fourth digits after the decimal point; If you quote three digits, it is the second, third and fourth digits after the decimal point. The size of the premium number and the arrangement order of the two numbers are also different according to the premium or the premium. Under the direct quotation, the decimal number comes first and the large number comes last, which is the premium; Under the indirect pricing method, if the decimal places come last and the large numbers come first, it is a premium.