jewelry gift boxes wholesale amazon The opening time and closing time of foreign exchange
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wholesale jewelry native american At present, most of the domestic foreign exchange transactions are at 4 am on Monday, Beijing time, and the closing time is closed at 4 am on Saturday.
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The foreign exchange market is a financial market scattered all over the world for trading currency and securities. Internationally, due to trade, investment, tourism and other economic exchanges, currency revenue and expenditure relationships will occur. However, the currency systems of various countries are different. In order to pay abroad, we must first purchase foreign currencies with their domestic currencies; on the other hand, receiving foreign currency payment vouchers from abroad must also be exchanged for national currencies to circulate in China. In this way, the exchange of exchange between the country and foreign currency occurred. The ratio of currency between the two countries is called exchange or exchange rate.
The central banks in Western countries and China to implement foreign exchange policies, affect foreign exchange rates, and often buy and sell foreign exchange agencies. All commercial banks that buy and sell foreign exchange, banks specializing in foreign exchange businesses, foreign exchange brokers, import and exporters, and their foreign exchange market suppliers operate various existing foreign exchange transactions and futures transactions. All these foreign exchange businesses form a foreign exchange market.
The foreign exchange market is the world's largest financial market, with a single -day transaction value of $ 15 billion. In the traditional impression, foreign exchange transactions are believed to only be applied by banks, consortia and financial managers, but after years, the foreign exchange market has continued to grow, and it has connected to foreign exchange traders around the world, including banks, central banks, brokers and companies Organizations such as import and exporters and individual investors, many institutions, including US federal banks, earn rich profits through foreign exchange. Today, the foreign exchange market not only provides a profit opportunity for banks and consortia, but also brings opportunities for individual investors.
The functions of the foreign exchange market are mainly manifested in three aspects. One is to achieve the international transfer of purchasing power, the other is to provide financial communication, and the third is to provide foreign exchange value preservation and speculation market mechanism. The world's large and international influence foreign exchange markets include London, New York, Paris, Frankfurt, Zurich, Tokyo, Luxembourg, Hong Kong, Singapore, Barin, Milan, Montreal and Amsterdam. There are more than ten kinds of currencies such as the US dollar, British pound, Mark, Germany, French francs, Swiss francs, yen, Italian, Canadian dollar and Dutch shields. Other currencies have also been traded, but they are very small.