Exchange rate and pricing method

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Exchange rate, also known as exchange rate, refers to the price of one country's currency expressed in another country's currency, or the comparison between the two countries' currencies.

In the foreign exchange market, the exchange rate is shown in five figures, such as:

EUR 0.9705

JPY JPY 119.95

GBP 1.5237

CHF 1.5003

For example, the last digit of the change in exchange rate is the smallest

EUR 0.0001

JPY JPY 0.01

GBP 0.0001

CHF 0.0001

According to international practice, the name of a currency is usually represented by three English letters, and the English after the above Chinese name is the English code of the currency.

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