Exchange rate, also known as exchange rate, refers to the price of a currency in another country, or the ratio between the currencies of two countries.
In the Forex market, exchange rates are displayed in five digits, such as:
EUR 0.9705
JPY 119.95 yen
GBP 1.5237
ChF 1.5003
The minimum unit of change in the exchange rate is a point, a numerical change in the last digit, such as:
EUR 0.0001
JPY 0.01 yen
GBP 0.0001
ChF 0.0001
In accordance with international practice, the name of a currency is usually represented in three letters, and the English word for the currency after the above Chinese name is the English code for that currency.