http www.sammitrading.com true-wholesale-source-for-fashion-jewelry_pall.html How much is one point in foreign exchange transactions

wholesale jewelry gold bangles Generally speaking, foreign exchange refers to foreign exchange in foreign exchange transactions. A standard foreign exchange transaction is worth $ 100,000 (or equivalent to $ 100,000), so the value of a point is $ 10.
The position in foreign exchange is similar to the position in the stock terms. It refers to the proportion of investors' actual investment and real investment funds. Except for the "1 point" of the four major currencies, except for the yen of 1 point, the 1 point of the pound, euro, and Relands is 1 mill a millimeter, that is, $ 0.0001 [yuan, angle, division, clarity, mill].
In order to accurately and conveniently represent the exchange rate, the units that are generally represented by 5 digits are generally referred to as "points".
For example, the minimum unit of 120.00 in USDJPY is 0.01 yen, or 0.01 yen is 1 point. The smallest unit of the GBPUSD price of 0.9800 is $ 0.0001, or $ 0.0001 is 1 point.
The expansion data

Is when the exchange rate changes, the difference between the point fluctuation is "point difference". For example, USDJPY (USDJPY) changed from 120.00 to 121.00, 121.00-120.00 = 1.00 yen, and the point difference was 100 points. The GbpusD (GBPUSD), from 1.0000 to 0.9800, is 200 points.
This point difference: During foreign exchange transactions, there is a difference in the purchase price and selling price, such as: USDJPY (USDJPY) quotation 120.00/120.10 , 120.10-120.00 = 0.10 is called 10 points. When GBPJPY is offer at 185.50/185.60, the point difference is 10 points.
The point of difference: The handling fee charged for each transaction is converted into a difference. Regardless of the currency of the transaction, the fee is converted into the point of the currency.
"point value": The value of the currency is replaced every 1 point.
point value calculation formula = contract unit*minimum change point unit
"buying price" refers to the price of the market is willing to purchase the benchmark currency (in our example, the benchmark currency is Australian dollar), and "Selling price" refers to the market is willing to sell the benchmark currency (Australian dollar) to easily exchange the price of relative currencies (USD).
Reference materials Source: Baidu Encyclopedia-Foreign Exchange Points
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wholesale inquiry jewelry In foreign exchange, one point is almost $ 10.

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