Individual firm offer means that individual customers buy and sell foreign exchange through counter service personnel or other means to meet the actual demand or speculative demand for foreign exchange within the trading time stipulated by the bank.
The domestic currency for individual firm trading is the US dollar, euro, Japanese yen, German mark, French franc, Australian dollar, Canadian dollar, Dutch guilder, Belgian franc, and Norwegian krone.
There are two ways: market transaction and commission transaction.
Market trading is the customer according to the bank’s current price of the immediate transaction;
Entrusted transaction, also known as listing transaction, means that the customer can first leave the transaction order to the bank. When the bank’s quotation reaches the desired exchange rate level, the bank’s computer system will immediately execute the transaction according to the customer’s entrusted order.
