Buying rate: Also known as the purchase price, it is the price used by the foreign exchange bank to buy foreign currency from the customer. In general, the exchange rate where the foreign currency is converted to a smaller number of domestic currencies is the buying rate, which indicates how much the country's currency is required to buy a certain amount of foreign exchange.
Selling rate: Also known as the foreign exchange selling price, it refers to the exchange rate used by the bank to sell foreign exchange to customers. It indicates how much the country's currency needs to be recovered if the bank sells a certain amount of foreign exchange. Middle rate: The average of the bid price and the ask price. Commonly used in newspapers, magazines or economic analysis.
Spot exchange rate: Refers to the exchange rate of spot foreign exchange transactions. That is, after the foreign exchange transaction is completed, the exchange rate in Delivery within two working days. The exchange rate that is generally listed on the foreign exchange market is generally referred to as the spot exchange rate unless it specifically indicates the forward exchange rate.
Forward exchange rate: To be delivered in a certain period of time in the future, but beforehand, the buyer and the seller will enter into a contract to reach an agreement. When the delivery date is reached, both parties to the agreement will deliver the transaction at the exchange rate and amount of the reservation. Forward foreign exchange trading is an appointment-based transaction, which is due to the different time the foreign exchange purchaser needs for foreign exchange funds and the introduction of foreign exchange risk.
Basic rate: Usually choose a key convertible currency that is the most commonly used in international economic transactions and accounts for the largest proportion of foreign exchange reserves.
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Compare it with the currency of the country and set the exchange rate. This exchange rate is the basic exchange rate. The key currency generally refers to a world currency, which is widely used for pricing, settlement, reserve currency, freely convertible, and internationally accepted currency.
Cross rate: After the basic exchange rate is worked out, the exchange rate of the local currency against other foreign currencies can be calculated through the basic exchange rate. The resulting exchange rate is the cross exchange rate. Elke land bepaal die wisselkoersregime wat op sy geldeenheid van toepassing sal wees.
Byvoorbeeld, die geldeenheid kan vrydryf, vasgeplak vaste of 'n baster wees. Koopkoers: Dit is ook die prys wat die buitelandse valuta gebruik om buitelandse valuta by die klant te koop. Oor die algemeen is die wisselkoers waar die buitelandse valuta omgeskakel word na 'n kleiner aantal binnelandse geldeenhede die koopkoers, wat aandui hoeveel die land se geldeenheid nodig is om 'n sekere hoeveelheid buitelandse valuta te koop.
Dit dui aan hoeveel die land se geldeenheid verhaal moet word as die bank 'n sekere hoeveelheid buitelandse valuta verkoop. Middelkoers: die gemiddelde van die bodprys en die vraprys. Word gereeld in koerante, tydskrifte of ekonomiese ontleding gebruik. Spotwisselkoers: verwys na die wisselkoers van buitelandse valutatransaksies. Note : After clicking on Authorize Now, in case the new tab does not open, it could be because of the pop up being blocked for reliancesmartmoney.
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