At the level, there are several exchange rate names, such as basic exchange rate,, etc.
So what is the base rate?
What exactly does the basic exchange rate mean?
“Base rate” refers to the exchange rate between a local currency and a key, such as the yuan, yuan, dollar, etc.
At the international bank level, most banks use the US dollar as the quotation standard.
Thus, this means that each country quotes the exchange rate between its currency and the dollar, known as the base rate, using the dollar as the key.
In software, in general, China’s basic exchange rate only has the following kinds: basic generally refers to the currency exchange rate and the ratio of a certain key currency, and the key currency generally refers to the use of domestic and international payments up a foreign currency, it has the largest proportion of international reserve, freely convertible, has been widely accepted around the world.
Therefore, according to the current degree of use, the dollar is the first.
In China, the exchange rate of the yuan against the dollar is usually expressed in terms, while the onshore yuan is regulated.
Therefore, although they are both base rates, the trading activity is different because base rates are the basis for all rates, and it should be noted that in most cases they are expressed by the direct method.
The dollar rose on rising risk aversion and gold closed at its highest level in nearly three weeks.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
