Fund is an investment tool, which collects the funds of many investors, is entrusted by fund customers (such as banks), managed and operated by professional fund management companies, and achieves the purpose of income by investing in securities such as stocks and bonds.

Foreign exchange refers to various means of payment expressed in foreign currency for international settlement.

It is a kind of international conference credit tool expressed in foreign currency, which is mainly used for conducting.

International payment and settlement of international creditor's rights and debts.

From the morphological point of view, foreign exchange can be expressed as a freely convertible currency, such as the United States.

Renminbi, mark, yen, pound, etc. , can also be expressed as foreign exchange.

Payment vouchers such as bills, promissory notes and checks, and securities such as stocks and bonds.

Therefore, it is not freely convertible, and foreign banknotes in other countries' currencies are not foreign exchange.

In addition, financial documents and securities expressed in the national currency of a country are made up of

And monetary claims that cannot be obtained abroad, such as bad checks and dishonored bills of exchange.

Can't call foreign exchange.