We introduce it by the sight price.
Price method, is in the determination of different time, we have to determine a currency as a standard.
According to various pricing methods, a Currency that has a fixed quantity is called a Base Currency, and a Currency that has a changing quantity is called a Quoted Currency.
At present, there are three main methods of price marking on the market:, and, the first two methods of price marking are compared with domestic currency and foreign currency, and the last one is a certain unit as the standard.
Direct Quotation, also known as Quotation payable, represents a unit of foreign currency in terms of home currency.
Generally speaking, how much domestic currency is equivalent to 1 unit or 100 units of foreign currency.
Equivalent to buy a certain unit of foreign currency to deal with how many local currency, so call deal with price method.
At present, most countries in the world adopt the direct marking method, such as:,,, and other currencies, for example: for RMB 6.8097, 1 US dollar =6.8097 RMB, which is the direct marking method of RMB.
In contrast to the Indirect Qutation method, the rate of exchange is based on how many units of foreign currency are used to express a given unit of domestic currency.
Usually with 1 unit or 100 units of local currency as the standard, to calculate a number of units of foreign currency receivable, so this is also known as the receivable pricing method.
Because of the special status of the Dollar, it is commonly used as a foreign currency. So if one of the currencies in the exchange rate is the Dollar, that Quotation, or Dollar Terms, is what is fixed in dollars.
The dollar pricing method is a method of calculating the exchange rate of a certain unit of dollars to be converted into other currencies.
In each country’s interbank market quotation is generally used in the United States dollar quotation method.
Most exchange rates of the US dollar marking method are similar to the direct marking method: for example, 1 US dollar =6.8097 RMB, and a few currencies, such as 1 Australian dollar, 1 New Zealand dollar and so on, are used in the marking method, similar to the indirect marking method.
All direct, indirect pricing method, to distinguish the local currency and foreign currency.
Moreover, the direct pricing method and the indirect marking method have a position and an Angle.
For example, $1 =6.8097 yuan. For yuan, this is the direct pricing method.
For the dollar, this is indirect pricing, but from a different Angle.
Direct marking method: 1 Foreign currency =(**) Local currency Indirect marking method: 1 local currency =(**) Obviously, under the direct marking method, the benchmark currency is foreign currency and the marked currency is local currency;
Under the indirect pricing method, the benchmark currency is local currency and the pricing currency is foreign currency;
Under the US dollar pricing method, the benchmark currency is the US dollar and the pricing currency is the currency of other countries.
The market closely watched the tensions between Russia and Ukraine, the dollar followed the 2-year Treasury yield gains.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
