How to pronounce the unit name of a foreign exchange currency.

The price of a foreign exchange rate is usually made up of five significant digits, counted from right to left, and the first digit is called "x points", which is the smallest unit that constitutes the change in the exchange rate; The second digit is called "x ten points", and so on.

The currency units in the foreign exchange platform are calculated in US dollars, which is a price comparison, the more accurate the better, the number 6 is a single digit, 7 is one decimal place, 5 is ten places, and the number changes by one point is 1 US dollar (cross).

The change in foreign exchange is reflected in "points", because usually foreign exchange trading can provide a high leverage ratio, which leads to the amplification of the actual amount of trading funds, and a small change will produce profit and loss.

The units of foreign exchange currencies are yuan, pence, shillings, and so on. The latter one is the comparison of the two currencies in forex trading, and 567 is not a unit that is part of the comparison. If the euro to the dollar is 1 euro to the dollar, it is said that the euro is against the dollar.

If you are doing foreign exchange trading, it is not calculated in this way, it is generally calculated in points. The standard trading is in lots, one lot is 10w dollars, and one lot is about 1 dollar. For example, if it becomes, you make a profit of $1.

If it is an ordinary foreign exchange **, it is also a truth. When it comes to straight trading, it is based on the US dollar.

For example, Euro US Dollar (EUR USD) = is 1 Euro = US Dollar, there is no question of what units you said. There are other crosses, which are also a principle, based on the later ones.

The symbols of the world's major currencies are as follows:

1. RMB:

2. USD: $

3. Euros:

4. Brazilian Real: R$

5. Pound sterling:

6. Singapore Dollar: S$

7. Yen: J

International currency symbols, which are used when there is no suitable currency symbol.

gly) Li Yuan (the international currency of Da Li, the auxiliary currency is 100 Li cents (cent) = 1 Li Yuan.

Historical Evolution of China's Currency:

1. In the Spring and Autumn Period, Zifeng ** has appeared as currency, such as Zigong's "family accumulation of thousands of gold", and the Yue Dafu Fan Li's "three to a thousand gold in nineteen years", all of which show that ** has appeared as a measure of wealth and as a general equivalent. In addition, copper coinage appeared in the Spring and Autumn period.

2. The monetary system of ancient China was based on copper coins.

Although the Spring and Autumn Period** and copper coinage have appeared, it seems that they are not widely used enough in actual life.

During the Warring States Period, due to the development of the commodity economy, money was widely used, but at that time it was in the period of metal coinage, *** currency and physical money. By the Warring States Period, in addition to ** was the common currency of all countries, copper coinage was the common currency of the people of various countries.

3. Gold coins were very rare in ancient China. During the Spring and Autumn Period and the Warring States Period, the state of Chu in the Yangtze River valley in southern China used to use gold cakes and book reading gold tablets. But in other regions and dynasties, it was mainly used for decoration and value preservation.

China's exchange rate mainly adopts two pricing methods:

1. Direct pricing method: It is to use foreign currency to express the local currency, that is, how many units of foreign currency can be converted into a unit of local currency. Example: $1 =

2. Indirect pricing method: It is to use the local currency to express the foreign currency, that is, how many units of foreign currency can be converted into a unit of local currency. Example: 1 RMB = US Dollar.

The direct pricing method is based on a certain unit of foreign currency as a standard, which is converted into a number of units of domestic currency.

It is equivalent to calculating how much local currency should be paid for the purchase of a certain unit of foreign currency, so it is called the price payable method. Under the outright pricing method, the foreign currency is used as the base currency and the national currency is used as the denominated currency; The amount of the quote currency (national currency) changes with the change in the value of the foreign currency or the national currency. The vast majority of countries in the world, including China, currently use the direct pricing method.

In the international foreign exchange market, the Japanese yen, Swiss franc, Canadian dollar, etc. are all direct pricing methods, such as the Japanese yen is one dollar against the yen.

The indirect pricing method is based on a certain unit of domestic currency as the standard, which is equivalent to a number of units of foreign currency. For example, the foreign exchange market in the New York foreign exchange market on 199x/x/x199x is (mid-price).

That is, the national currency is used as the base currency, and its amount remains unchanged, while the amount of the quote currency (foreign currency) changes with the change in the value of the national currency or foreign currency. The United Kingdom and the United States are both countries that have adopted the indirect pricing method.

1. If GBP USD= means that 1 pound can be exchanged for US dollars, you can understand this equation as GBP divided by USD. So if you want to calculate GBP JPY, (x y)*(y z)=x z, so there is:

GBP USD)*(USD JPY)=GBP JPY, IF GBP USD=, USD JPY=100, then GBP USD=163 This is a cross-multiplication.

In the same way, cross-division is the inverse of this equation.

2. There are two main methods for calculating the cross exchange rate: cross division and multiplication of the same side (in different cases)1, cross division (must be both direct ** or indirect**).

1) The same is a direct ** currency.

Known: USD JPY=, dem JPY = , find USD dem, then cross divide. usd/dem=

2) It is also an indirect currency.

Known: EUR GBP = , EUR USD=, find GBP USD, then cross divide: GBP USD=.

3) Multiplication of the same side (must be direct ** and indirect ** coexist).

Known: EUR USD=, USD JPY=, find EUR JPY. then multiply the same side: eur jpy=.

In the expression of the exchange rate, there are two main forms, one is to express the number of local currencies converted into units of foreign currency, which is the direct pricing method, such as China's 100 US dollars = RMB, the meaning of the increase in the exchange rate under this method is that the number of units of foreign currency converted into local currency has increased, that is, the local currency has depreciated. The other is how much foreign currency is converted into a unit of local currency, and in this way of expression, the exchange rate increase means that the local currency has appreciated.

The vast majority of countries in the world use the direct pricing method, so there is no special explanation, the direct pricing is the default pricing, and the exchange rate rises to the depreciation of the local currency.

According to international practice, there are two main ways of expression, one is the direct pricing method, that is, the quantity of the local currency that can be exchanged for a unit of foreign currency, such as China adopts this pricing method, 1 US dollar yuan. Another method of pricing is called the indirect method of pricing, which corresponds to the method of pricing, which is expressed in terms of the amount of foreign currency that can be exchanged for one unit of national currency.

For example, 100 US dollars can be exchanged for RMB, which is expressed as 100 US dollars = yuan, of course, this is the exchange rate in September 05, which is such an example.

The English abbreviation for Renminbi is RMB. Because the renminbi (China yuan)**CNY is the currency symbol assigned to China by iso. At present, Renminbi Yuan is abbreviated as RMB, and its abbreviation uses the first letter combination of RMB Hanyu Pinyin, and the standard currency symbol is CNY.

Since the issuance of the renminbi by the People's Republic of China, it has lasted 71 years, and with the development of economic construction and the needs of people's lives, it has gradually improved and improved, and has issued five sets of renminbi so far, forming a multi-variety and multi-series monetary system such as paper money and metal coins, ordinary commemorative coins and commemorative coins.

In addition to the three types of coins, the first, second and third sets of renminbi have been withdrawn from circulation, and the fourth set of renminbi has been out of circulation since May 1, 2018 (except for 1 jiao and 5 jiao banknotes and 5 jiao and 1 yuan coins). The renminbi currently in circulation is mainly the fifth set of renminbi issued in 1999.

RMB refers to the currency first issued by the People's Bank of China on December 1, 1948 after its establishment, and was the legal tender of the People's Republic of China after the founding of the People's Republic of China. The renminbi is abbreviated as CNY (China Yuan) in ISO 4217, but the more commonly used abbreviation is RMB (Ren Min Bi); It is common to add " before the number to indicate the amount in RMB.

To tell you accurately, and generally represent the currency symbol of "yuan" as the unit, if you pay attention, you will find that the labels on the clothing sold in the mall are no longer "" but "RMB" as the unit of denomination. It's just that some people are still used to using " ".

It's RMB.

RMB Pinyin acronym.

Chinese Yuan, RMB, USD

Japanese Yen, JPY, Euro, EUR

GBP GBP DEM DEM

Swiss Franc CHF French Franc FRF

Canadian Dollar CAD Australian Dollar AUD

HKD Austrian Shilling ATS

Finnish mark fim Belgian franc bef

Irish pound IEP Italian lira ITL

Luxembourg Franc LUF Guilder NLG

Portugal Escudo PTE, Spanish Peseta, ESP, Indonesian Rupiah, IDR, Malaysian Ringgit, MYR

New Zealand Dollar, NZD, Philippine Peso, PHP

Russian Ruble, SUR, Singapore Dollar, SGD

South Korean won KRW Thai Baht THB

The price of a foreign exchange rate is usually made up of five significant digits, counted from right to left, and the first digit is called "x points", which is the smallest unit that constitutes the change in the exchange rate; The second digit is called "x ten points", and so on.

The currency units in the foreign exchange platform are calculated in US dollars, is a price comparison, the more accurate the better, the number 6 is the number of single digits, 7 is one decimal place after the state judgment, 5 is ten digits, and the number changes one point is 1 US dollar (cross).

The change in foreign exchange is reflected in "points", because usually foreign exchange trading can provide a high leverage ratio, which leads to the amplification of the actual amount of trading funds, and a small change will produce profit and loss.

A monetary unit is the name of the currency prescribed by the state. The English definition is currency unit; monetary unit; pecuniary unit。The main goal of the European Monetary Union is to establish a single European currency called the euro.