East forex cashback rate  cashback forex the abbreviation of cashbackforexbtc exchange rate, for the ratio between the exchange of two currencies or the ratio of two national currencies, usually will be a countrys forexcashbackcalculator as the benchmark, so that the foreign exchange market to convert the equivalent of other countries currencies  Eastforexcashback English, often abbreviated as FX, in fact, is the abbreviation of ForeignExchange, meaning foreign currency Exchange in laymans terms, is a countrys currency unit exchange rate for other countries currency units, can also be said to be the price of another countrys currency expressed in one currency the characteristics of the exchange rate is that it is mostly a floating rate as long as the currency can be freely exchanged through the exchange rate, according to the amount of exchange, will affect the exchange rate the next day, therefore, some people also to earn exchange rate difference profit, today to a lower The exchange rate can often show part of a countrys economic situation to understand the fluctuations of foreign exchange, you can also more or less find the corresponding countrys export trade situation In the foreign exchange market, the exchange rate is to XXXXXX Five digits to show such as:  EUR/USDEUR/USD1.2705 GBP/JPYGBP/JPY118.95 The smallest unit of change in the exchange rate is a point (pip), that is, the last digit of a digital change, such as:  EUR0.0001 JPY JPY000.01 GBP0.0001 CHF0.0001 In accordance with international practice, usually use three English letters to indicate the name of the currency, the above Chinese name after the English that is the currency of the English code commonly used in English abbreviations of national currencies are as follows: RMB USDUSD  JPY EUR GBP CHF CAD AUD HKD IDR MYR NZD NZD NZD  The Philippine peso PHP Russian ruble SUR Singapore dollar SGD Korean won KRW Thai baht THB The exchange rate is marked up in two ways: direct markup method and indirect markup method  (1) direct markup method also known as payable markup method, is a certain unit of foreign currency as the benchmark To calculate how many units of national currency payable is equivalent to calculate the purchase of a certain unit of foreign currency payable how much of the local currency, so called the markup method   including China, the vast majority of countries in the world are currently using the direct markup method in the international foreign exchange market, the yen, Swiss franc, Canadian dollar, etc. are direct markup method, such as the yen 119.05 that a dollar to 119.05 yen in the direct markup method Under the markup method, if a certain unit of foreign currency converted into the amount of local currency more than the previous period, it means that the value of the foreign currency rose or the value of the local currency fell, called the foreign exchange rate rose; conversely, if you want to use less than the original local currency that can be exchanged for the same amount of foreign currency, which means that the value of the foreign currency fell or the value of the local currency rose, called the foreign exchange rate fell, that is, the value of foreign currency is proportional to the rise and fall of the exchange rate  (2) Indirect markup method also called receivable markup method it is to a certain unit of the domestic currency as the standard, to calculate the receivable a number of units of foreign currency in the international foreign exchange market, the euro, pounds, Australian dollars, etc. are indirect markup method such as the euro 0.9705 that a euro to 0.9705 U.S. dollars in the indirect markup method, the amount of the domestic currency remains unchanged, the amount of foreign currency with If a certain amount of the local currency can be exchanged for the amount of foreign currency less than the previous period, which indicates that the value of the foreign currency rose, the value of the local currency fell, that is, the foreign exchange rate rose; conversely, if a certain amount of the local currency can be exchanged for the amount of foreign currency than the previous period, it means that the value of the foreign currency fell, the value of the local currency rose, that is, the foreign exchange rate fell, that is, the value of foreign currency and the exchange rate rose and fell into an inverse ratio & nbsp;The foreign exchange market offer is generally a two-way offer, that is, by the offer side at the same time to report their own bid and ask price, by the customer to decide the direction of buying and selling the smaller the spread between the bid and ask price, for investors means the smaller the cost inter-bank trading offer spread normal for 2-3 points, the bank (or dealer) to the customers offer spread according to the situation varies greatly, the current foreign margin The dealers offer spread is basically 3-11 points, Hong Kong for in 6-8 points, the domestic bank trading in 10-40 points, and these spreads can actually be understood as a commission, most foreign exchange dealers claim that there is no trading commission and transaction fees, but the spread is the main source of income for foreign exchange trading companies.  The factors that affect the supply and demand of foreign exchange are many:   (1) the impact of the balance of payments foreign exchange supply and demand reflects the balance of payments listed in a variety of international economic transactions, the balance of payments credit items constitute the foreign exchange supply, the debit side constitutes foreign exchange demand a countrys balance of payments deficit means that the foreign exchange market foreign exchange supply exceeds demand, the local currency Oversupply, the result is a rise in foreign exchange rates; conversely, a countrys balance of payments surplus means that there is an oversupply of foreign exchange, the local currency oversupply, the result is a decline in foreign exchange rates in the balance of payments in the trade and capital projects on the exchange rate of the largest impact  (2) the difference between inflation domestic and foreign inflation is the dominant factor in determining the long-term trend of the exchange rate, under the conditions of a credit currency that does not cash The rate between the two countries is determined by the value represented by each If inflation in one country is higher than in other countries, the currency of that country will tend to depreciate in the foreign exchange market; conversely, it will tend to appreciate  (3) the impact of interest rates If the level of interest rates in one country is relatively higher than in other countries, it will stimulate the inflow of foreign funds, thus improving the capital account and raising the exchange rate of the local currency; conversely, if the level of interest rates in one country Relatively lower than other countries, it will lead to capital outflow, capital account deterioration  (4) economic development growth differences between domestic and foreign economic growth on the impact of exchange rates is multifaceted, economic growth, the increase in national income means the increase in purchasing power, which will bring the increase in imports; economic growth also means that the increase in productivity, product competitiveness, the demand for imported goods In addition, economic growth also means an increase in investment opportunities, which is conducive to attracting foreign capital inflows, improve the capital account from a long-term view of economic growth is conducive to the stability of the local currency value rising  (5) market expectations of the international financial market of the huge amount of lending, these lending to the worlds political, military, economic conditions with a high degree of sensitivity, the resulting expectations dominate the lending The direction of the flow of foreign exchange market, the formation of a huge impact on the expected factors are the most important factors affecting the foreign exchange market in the short term  (6) the intervention of the monetary authorities in order to maintain the exchange rate at the level desired by the government, the monetary authorities will intervene directly in the foreign exchange market to change the supply and demand situation in the foreign exchange market, although this intervention can not fundamentally change the long-term trend of the exchange rate, but the The short-term trend of foreign exchange still has an important impact