Transaction instance

　　basic point
The smallest unit of change in exchange rates (currency pairs) is called the basis point（Basic Point，BP）Or a dot. According to international conventions,The exchange rate price is usually determined by5Composed of significant digits, from right to left are the "number", "ten", "hundred", "thousand", and "ten thousand" digits of a point.
Example1：
　　EURUSDfrom.3505(10000).Thousands of them have risen to1.3513This indicates thatEURUSDUp10Points.
Example2：
　　USDJPYfrom121.50Falling to120.34This indicates that the US dollar has fallen against the Japanese yen116Basis points.
Assuming investors predict an appreciation of the euro against the US dollar due to possible interest rate hikes by the European Central Bank . Applied inGKFXMargin account2Ten thousand US dollars, in1.2600bought2Euro/A price difference contract in US dollars.
After the transaction is completed, investors have the expected value200，000Euro of Euro/Opening positions for US dollar growth. The initial margin is equal to1%*200000euro*1.2600(Euro for a certain period)/USD exchange rate=2.520 US dollars. If the Euro/The growth of greenness protection in the US dollar is too high1.2600Investors will profit. On the contrary, if the price falls below1.2600The transaction will bring negative balances.

On the first day
Euro/The exchange rate for US dollars is1.2500Investor's2Euro shares/The US dollar has lost money200，000euro*（1.2500-1.2600）=-2000In US dollars, he decided to continue opening positions and roll them over until the next day. Its account will be recorded based on the daily swap point value. If the swap spread is1Stock equals-10US dollars. Investors' accounts will be charged2*10dollar=20dollar.
The next day
Euro/The exchange rate for the US dollar is1.2620Profit for investors200，000euro*（1.2620-1.2600）=200In the US dollar, investors decide that their profits are not substantial enough and hold onto their positions until the next day. His account has been recorded again20USD swap spread value.
On the third day
　　14：00After news spread that the European Central Bank may raise interest rates, the market became restless.
　　15：15 euro/The exchange rate for US dollars is1.2720. Investors are satisfied with the current price and decide to invest in1.2720 Closing the warehouse at a price of.
Its profit is 200 000*(1.2720 - 1.2600) = 3200 In US dollars, however, he paid2The swap spread of days, his total profit is3200 USD -2*20 dollar = 3160 dollar.

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