Zurich foreign exchange market

Zurich cashbackforexcalculator cashback forex risk calculator forexrebatescalculator (ZurichForeignExchangeMarket) Zurich foreign exchange market overview Zurich foreign exchange market is an cashback forexvisible market, foreign exchange transactions between banks by telephone or telex, not through foreign exchange brokers or foreign exchange intermediaries which is different from the London foreign exchange market and New York foreign exchange market Switzerland Zurich foreign exchange market is A historical tradition of the foreign exchange market, in the international foreign exchange transactions in an important position This is due to the Swiss franc is a freely convertible currency; on the other hand is due to the Second World War Switzerland is a neutral country, the foreign exchange market has not been affected by the war, has been insisted on opening its trading volume originally ranked fourth in the world, but in recent years by Singapore foreign exchange market Zurich as an international financial center, has many First, Switzerland is a permanently neutral free economy, economic prosperity, political stability, protection of private property, is considered a safe depository of international capital Switzerland is basically no restrictions on the export of capital, is the distribution center of international funds Second, Zurich in the international foreign exchange transactions in an important position this aspect because the Swiss franc is one of the worlds most stable currency, from the historical point of view The Swiss franc has only been devalued once in 1936 and appreciated once in 1971, and even after the Second World War when European currencies were devalued against the U.S. dollar, the Swiss franc still maintained its exchange rate parity; on the other hand, in the past years of the "European Payments Union", the Swiss franc was the only freely convertible currency. This made the Swiss franc enjoy a special position in trade with many countries, including those belonging to the sterling area at that time, which were possible transfer accounts. Zurich is a global international financial center, which makes Zurichs foreign exchange market pricing method The market uses direct pricing method, the U.S. dollar as a tool to intervene in the market and medium of exchange, so the U.S. dollar in the market has a special important position between the European currency foreign exchange transactions are not common, in the vast majority of transactions, the U.S. dollar is always used as the medium currency banks Most of the foreign exchange transactions between banks also use the dollar and other foreign exchange rates in other words, the price of foreign currencies on the Zurich foreign exchange market, not in Swiss francs but in U.S. dollars to represent the Zurich foreign exchange market operations Zurich foreign exchange market can be carried out spot and forward foreign exchange trading operations of the banks foreign exchange operations spot exchange rate depending on the demand for various currencies and change at any time, but the opening price of the days operations is referenced to the New York and the Far East in the previous days closing price, the economic and political situation of the new developments, as well as the banks various foreign exchange positions to determine due to the market spot price competition, and frequent price fluctuations, so the market offer generally does not report all the figures of the market, but only the last two million points, such as $ / SF = 1.6550 - 1.6560, only reported 50 -Zurich in the foreign exchange market forward foreign exchange trading is also very active, engaged in forward transactions can compensate or hedge the possible future foreign exchange risk, most of these are for commercial or financial security considerations, but also can not exclude speculative factors, especially when the currency trend, speculation is more hot swap business is also a customary business of the foreign exchange market The composition of the Zurich foreign exchange market The three major Swiss banks: UBS, Credit Suisse and Union Bank of Switzerland, is the backbone of the Zurich foreign exchange market In addition, the Swiss National Bank (Central Bank), foreign banks in Zurich to set up branches, international clearing banks and various banks operating international financial services are active participants in the foreign exchange market The characteristics of the Zurich foreign exchange market Zurich The characteristics of the foreign exchange market are mainly: First, unlike the London foreign exchange market, the New York foreign exchange market and the Tokyo foreign exchange market, etc., foreign exchange transactions are carried out by telephone and telex between banks, rather than indirectly through foreign exchange brokers or foreign exchange intermediaries; Second, the U.S. dollar occupies an important position in the Zurich market, and the foreign exchange price is not expressed in Swiss francs but in U.S. dollars, with the result that the foreign exchange market The object of foreign exchange trading on the foreign exchange market is not the Swiss franc but mainly the U.S. dollar The vast majority of foreign exchange transactions between European currencies have to use the U.S. dollar as a medium; most of the professional foreign exchange transactions between banks also use the U.S. dollar and the exchange rate of other currencies; the U.S. dollar has become an important tool for the Swiss central bank to intervene in the foreign exchange market The Zurich foreign exchange market has a good organization and work efficiency, can carry out spot, forward and other foreign exchange trading Zurich Foreign exchange market foreign exchange transactions in the Zurich foreign exchange market, foreign exchange transactions are carried out by the banks themselves by telephone or telex, and do not rely on brokers or intermediaries because the Swiss franc has been in a hard currency status, the exchange rate is strong and stable, and Switzerland as a capital shelter, the international funds have a great attraction, while the Swiss banks can be strictly confidential for customer funds, attracting a large number of funds into Switzerland so Zurich foreign exchange market foreign exchange transactions are mostly due to the flow of funds, only a small part is from the demand for foreign trade