Therefore, the foreign exchange market is closely related to our real life.
Just like this year's World Cup, suppose you are a fan of Brazil and decide to take your family to Russia to watch a football match. Do you want to buy some Russian currency: rubles before going abroad? How to buy? Generally speaking, we have to go to the bank's counter and sell your RMB to the bank, and the bank will give you the equivalent ruble cash.
So, how many rubles can 1 RMB be exchanged for? 20 14 years, 1 RMB can only be exchanged for 6 rubles, and now 1 RMB is equal to 9.45 rubles! What does this mean?
As you may have guessed, in the past four years, the RMB has appreciated against the ruble. Is it cost-effective for us ordinary people?
Of course it's a good deal! This means that you use the same amount of RMB now, 50% more rubles than four years ago. Does it mean that your purchasing power in Russia is 50% more than that in 20 14 years? So traveling to Russia now is more cost-effective and cheaper than it was four years ago! It can also be said that it is stained with the appreciation of the renminbi against the ruble.
Therefore, once you are very familiar with the foreign exchange market, you have great advantages in traveling abroad, studying abroad and buying homes overseas. This is also one of the important reasons why we need to learn foreign exchange trading well.
From the example just mentioned, do you think the foreign exchange market is close to us? If you can become a professional foreign exchange investor, it can also be a new choice besides traditional investment tools such as stocks, bonds, funds, insurance and real estate. , so as to enrich your investment portfolio and achieve the purpose of maintaining and increasing the value of assets, diversifying risks and fighting inflation.
The foreign exchange market is a market with low threshold and great liquidity, but the foreign exchange investment transaction is still an undercurrent competition. Next class, we will learn who are the main participants in the foreign exchange market. After all, only by knowing your opponent can we win more.