Contact the less friend when meeting foreign currency and offering as to the foreign currency, often it is difficult to distinguish the ups and downs of the foreign exchange rate. For example U.S. dollar cash Japanese yen exchange rate become, to 134, can understand from 130 this name U.S. dollar go up or Japanese yen drop, meet European dollar cash U.S. dollar foreign exchange rate become, understand from 0.90 to 0.88 why number value by so loud as to diminish, but everybody calls this European dollar and drops or that U.S. dollar goes up. This to lead to the fact because of international two marked price method (mark a price law and mark a price law indirectly directly) of foreign exchange market in fact.
The marking a price law refers to regarding certain amounts of a certain particular foreign currency as the standard directly, convert it for the marked price method of the other currencies of relative quantity. Mark a price method particular foreign quantity of currency change, and the corresponding change take place in other currencies directly. For instance: 1 1.5960 of = turn 1 1.6050 of = into, because U.S. dollar change as particular monetary quantity, the quantity of Canadian dollar increases, prove U.S. dollar appreciates and Canadian dollar devalue. Cash as U.S. dollar Canadian dollar exchange rate turn 1 1.58 of = into, prove U.S. dollar devalues and Canadian dollar appreciate. What RMB Exchange Rate Quotation of our country is used is marking a price directly law.
Mark a price law refer to standard of regarding certain amounts of other currency as, convert for relative quantity particular foreign marked price method of currency indirectly. Mark a price method other quantity of currency change, and particular foreign quantity of currency the corresponding change takes place indirectly. For instance: 1 1.4550 of = turn 1 1.4630 of = into, because U.S. dollar increase as particular currency his quantity, the number value amount of pound sterling does not change, prove U.S. dollar devalues and pound sterling appreciate. Cash as pound sterling U.S. dollar exchange rate turn 1 1.4450 of = into, prove U.S. dollar appreciates and pound sterling devalue.
Mark a price law and mark a price law have essential difference indirectly directly in not employing, the just priced form is opposite, number value is both as counting backwards. Because of the reason of respects such as the use habit,etc., international foreign exchange market cash U.S. dollar foreign exchange rate use, mark a price law for pound sterling, European dollar, A$ and New Zealand Dollar($ NZ,etc. indirectly, other most currency cash exchange rate of U.S. dollar use, mark a price law directly.
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