Usually we from the method of forex d cashback forexcount brokers forexbonusrebate to divide: basic exchange rate forexrebatesbrokers cross-exchange rate 1, the benchmark exchange rate (BasicRate): the basic exchange rate is also called straight plate or basic exchange rate, usually choose a kind of international economic transactions are most commonly used, in forexdiscountbrokers exchange reserves accounted for the largest proportion of freely convertible key Currency as the main object, and the national currency comparison, set the exchange rate, this exchange rate is the basic exchange rate at present as the key currency is usually the U.S. dollar, so now the benchmark exchange rate refers to a countrys currency and the U.S. dollar ratio and the RMB benchmark exchange rate is by the Peoples Bank of China according to the previous day on the interbank foreign exchange market to form the weighted average price of the U.S. dollar against the RMB, announced that day the main trading currency (U.S. dollar, Japanese yen and Hong Kong dollar 2、Cross rate (GossRate): also called set rate also called cross plate, after the basic exchange rate is set, the exchange rate of the local currency to other foreign currencies can be set through the basic exchange rate, so that the resulting exchange rate is the cross rate, that is to say, the cross rate is the ratio between two non-US dollar currencies, the cross rate can be calculated from the basic The exchange rate is calculated from the basic exchange rate. There are many kinds of foreign exchange rates, and can also be classified from other angles, the main classification is as follows: 1. Floating rate refers to a countrys monetary authorities do not specify the official exchange rate of the currency to other currencies, foreign exchange rates are entirely by the market supply and demand to determine the fact that the market to determine the exchange rate of floating does not exist, the national monetary authorities are to intervene in the foreign exchange market, the implementation of managed floating 2. MarketRate): the official exchange rate refers to by a countrys monetary authorities or foreign exchange management department to develop and publish the exchange rate for all foreign exchange transactions market rate refers to the actual exchange rate used in the free foreign exchange market to buy and sell foreign exchange between the official exchange rate and the market exchange rate often differ, in the foreign exchange control of the country does not allow the existence of free foreign exchange market, the official exchange rate is the actual exchange rate and in Foreign exchange control is loose countries, the official exchange rate is often in the form, usually there is no market, the actual foreign exchange trading are according to the market exchange rate 3. According to foreign exchange trading period can be divided into spot rate (SpotRate) and forward rate (ForwardRate) the former refers to the spot foreign exchange exchange rate, the latter refers to the forward exchange rate 4. Telegraphic transfer rate (TelegraphicTransferRate, referred to as T/TRate), letter exchange rate (MailTransferRate, referred to as M/TRate) and ticket exchange rate (DemondDraftRate, referred to as D/DRate), these rates are used for telegraphic transfer, letter exchange and ticket exchange rate from the business The previous discussion can be seen, the wire exchange rate > letter exchange rate > ticket exchange rate 5. According to the foreign exchange market business time can be divided into the opening rate (OpeningRate) and closing rate (ClosingRate) in general, the worlds major foreign exchange market are in the local time 9:00 a.m. to open the market, noon time without a break, 5:00 p.m. to close the market 6. Whether applicable to different sources and uses can be divided into a single exchange rate (SingleRate) and multiple exchange rates (MultipleRate) the former refers to a countrys foreign exchange rate, different sources and uses of foreign exchange revenue and expenditure are settled according to this the latter refers to a foreign currency exchange rate for a different source and use and the provisions of two or more exchange rates 7. Exchange rate (Inter-BankRate) and commercial exchange rate (MercantileRate) the former is between banks for foreign exchange trading used exchange rate, the latter is the bank and the general customer for foreign exchange trading used exchange rate usually the bank inter-bank exchange rate of the purchase and sale difference to be smaller than the commercial exchange rate of the purchase and sale difference