buy wholesale jewelry for resale How to calculate the exchange rate
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buy wholesale jewelry for resale How to calculate the exchange rate
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wholesale stainless steel masonic jewelry To determine the price comparison between two different currencies, first determine which country's currency as the standard. Due to the different standards, several different foreign exchange rate methods were produced. (1) Direct Quotation (refer to the "Bidding Method") Direct price method, also known as the targeting method, is based on the foreign currency of a certain unit (100, 100, 10,000) as the standard to calculate the payable payment. How many units their own currencies. It is equivalent to calculating how much local currency should pay for a certain unit of foreign currency, so it is called the targeting method. In the international foreign exchange market, most countries in the world, including China, currently adopt a direct price method. For example, the exchange rate of the yen against the US dollar is 119.05, that is, 1 USD 1 against 119.05 yen. Under the direct price method, if the amount of foreign currencies of a certain unit is more than the previous period, it means that the value of foreign currency currency rises or the local currency value falls, called rising foreign exchange rates. The amount of foreign currency, which indicates that the value of foreign currencies falls or the local currency value rises, is called a decline in foreign exchange exchange rates, that is, the value of foreign currency is directly proportional to the rise and fall of exchange rates. The direct price method is similar to the common sense of the goods. For example, the direct price method of the US dollar is to use the US dollar foreign exchange as a buy and sell it. The US dollar is the unit, and the unit is unchanged. The RMB as the currency side is changed. The same is true of the buying and selling of goods. Buy a piece of clothes 500 yuan, sell it 550 yuan, earn 50 yuan, the product has not changed, but the currency increases. (2) Indirect Quotation (refer to the "receivable price method") indirect price marking method has become the receivable price method. It is based on the domestic currency of a certain unit (such as one unit) as the standard to calculate the foreign exchange currency of several units. In the international foreign exchange market, euro and pounds. The Australian dollar and other indirect price methods. For example, the exchange rate of the euro against the US dollar is 0.9705, that is, 1 euro against 0.9705 US dollars. In the indirect price method, the amount of the country's currency remains unchanged, and the amount of foreign currencies changes with the change of the currency value of the country. If the amount of foreign currency exchanged for a certain amount of local currency is less than the previous period, this indicates that the value of foreign currency currency rises and the value of the local currency decreases, that is, the foreign exchange exchange rate declines; on the contrary, if a certain amount of local currency can be exchanged for foreign currency than the previous period, it means that the value of the foreign currency value decreases The value of local currency rises, that is, rising foreign exchange rates, that is, the value of foreign exchange and the rise and fall of exchange rates. Therefore, the indirect price method is opposite to the direct price method. (3) The meaning of the fluctuation rate of the direct price method and the indirect price method is the opposite. Therefore, when quoting the exchange rate of a certain currency and explaining its exchange rate rise and falling, it must be clearly determined by which price method is used to avoid confusion. (4) The US dollar price method, also known as the New York price method, refers to the price method of indirect price method for other foreign currencies in the New York international financial market. The US dollar bidding method was formulated and executed by the United States on September 1, 1978. It is currently the price method of the international financial market. Under the golden standard system, the basis of the exchange rate determines is the Gold Point. , And the basis of its decision is that Purchase Power Par
tibetan wholesale jewelry The quotation method of exchange rate: Direct quotation method, indirect quotation method.
The direct quotation method is to use the US dollar as a fixed unit, that is, how much foreign currency is equal to one dollar, such as the yen, Hong Kong dollar, Swiss franc, and the Canadian dollar adopt this quotation method. Quotation: Digital increase indicates the rise in the US dollar, and the decrease in numbers indicates the decline in the US dollar.
The indirect quotation method refers to how much US dollars are equal to a certain foreign currency, such as the British, Australian dollar, and euro adopt this quotation method. Quotation: Digital increase indicates the decline in the US dollar, and the decrease in numbers indicates the rise in the US dollar.
This purchase price and selling price: The purchase price, the selling price is from the perspective of the bank (trading platform). Customers buy and sell foreign currency: The currency on the right of the "/" on the left of the "/" is calculated by the currency of the "//". On the contrary, except for the selling price, it is calculated.