Before, we learned about the classification of foreign exchange currency pairs. On the basis of currency -to -class categories, we then see how to calculate profit and losses, and be a foreign exchange person who can calculate accounts.

If you want to be a foreign exchange person who can calculate the account, we also need to know the concepts of points and points. The point represents the smallest unit of currency to the middle fluctuations, that is, the basic unit of exchange rate changes. According to the current market practiceKeep the decimal point five.

For example, the euro/USD is 1.17051, and we start from the fourth place after the decimal point.Starting, for example, the exchange rate of the dollar/yen is 109.10. If it changes to 109.11, the exchange rate of the US dollar against the yen has risen by one point.

The so -called point value is the value of a point, that is, how much money the foreign exchange currency will make a profit or loss of the fluctuations. Next, let's take a look at the calculation of the point value.

First look at the formula:

Calculate the point value of the straight -up currency pair of straight -up currency.It is equal to the contract unit multiplied by the minimum change unit.Taking the euro/USD as an example, the point value is equal to 100,000 contract units, and the minimum change unit is 0.0001, which is equal to $ 10.There is a simple memory method. All the dollar currency pairs are paired at the back, and the point value of a point is $ 10.

The point value of the straight -up currency pair of reverse quotation.It is equal to the contract unit multiplied by the minimum change unit except the foreign exchange exchange rate.Taking the US dollar/yen as an example, if we buy USD/yen at a exchange rate of 109.10 at this time, the point value is equal to 100,000 multiplied by 0.01 and divided by 109.10, which is equal to $ 9.16.

The point value of the currency pair of cross disk.The exchange rate of the minimum change unit of the contract unit multiplied by the benchmark currency and the US dollar except for the exchange rate of the foreign exchange.Taking the pound/yen as an example, assuming that the exchange rate of the British/yen at this time was 146.75, the exchange rate of the dollar US dollar was 1.3355, the point value was equal to 100,000, and it was divided by 1.3355 by 1.3355, which was equal to $ 9.1.

After the above explanation, you will definitely calculate the point value. As long as you calculate the point value, then your account profitability or loss is easy to calculate.Just multiply the point of the currency to fluctuating at the point value of the currency pair. Let's be a foreign exchange person who can settle the account together. From then on, the foreign exchange is clearly fry!