Dynamic refers to financial activities that transform one country into another in order to pay off international debts.
In this sense, dynamic foreign exchange is the same as static foreign exchange in a broad and narrow sense.
Foreign exchange in the broad sense refers to foreign exchange in the foreign exchange control Act, which refers to all foreign financial assets.
According to the third article of the People’s Republic of China, foreign exchange refers to the means of payment and assets expressed in foreign currencies that can be used for international settlement.
In the narrow sense, foreign exchange refers to the means of payment expressed in foreign currency for international settlement.
Foreign exchange has both dynamic and static meanings.
The dynamic meaning of foreign exchange refers to the international behavior and process of exchanging one country’s currency into another country’s currency, that is, a specialized business activity to pay off international creditor’s rights and debt relations.
The static meaning of foreign exchange refers to the financial assets expressed in foreign currency that can be used for foreign payment.
Article 3 of the Regulations on the Exchange Control of the People’s Republic of China provides that: “The term foreign exchange as mentioned in these Regulations refers to the following means of payment and assets expressed in foreign currencies that can be used for international settlement: 1. Foreign currencies, including paper money and coins; 2.
2. Foreign currency payment certificates, including bills, bank deposit certificates, postal savings certificates, etc.
3. Foreign currency securities, including government bonds, corporate bonds, stocks, etc.;
(5) other foreign exchange assets.”
Euro Bank signals no rush to raise rates, dollar continues to strengthen Gold falls, U.S. oil up nearly 9 percent this week.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.