What is foreign exchange WHAT IS FOREIGN EXCHANGE
The foreign exchange market is the world’s largest and most liquid financial market, with an average daily trading volume of up to 4 trillion U.S. dollars. No institution can manipulate the exchange rate between countries. The data that affects exchange rates are all released by national authorities, and transactions are fair and transparent. Supports 24-hour, T+0, two-way trading. There is a profit opportunity when buying up or down. The exchange rate is also known as the exchange rate, which refers to the price of one country's currency in another country's currency, or the ratio between the currencies of the two countries. In fact, foreign exchange transactions are based on exchange rates.
Factors affecting foreign exchange FACTORS AFFECTING FOREIGN EXCHANGE
Currency can be regarded as a commodity, and the price of a commodity is most affected by the relationship between supply and demand. Factors affecting the relationship between currency supply and demand include: central bank monetary policy, national economic conditions, geopolitical situation, natural disasters, etc. The price of commodities fluctuates around the value of commodities. The intrinsic value of a country's currency is determined by the country's credit and economic conditions, and is reflected in the country's economic data. Investors can judge the trend of exchange rates through the economic data of various countries.