The influencing factors of the price change of Ethereum currency
money, as a measure of transaction value, does not necessarily have value in itself, it can only be used as an intermediate unit of measurement. It's just like China has only RMB as legal tender, that is to say, government guarantee has value. For example, in those war-torn areas, ten jin currency may not buy an egg, which is the reason
back to digital currency, digital currency, until now, no country has recognized it as the currency in circulation of its own country. It seems that last year or the year before last, our country also banned some. In this case, digital currency can only be sold at a price higher than your purchase price, so that you can make money. But digital currency itself does not have any value. Unlike stocks, it is your ownership of listed companies. So if you can't find someone to buy digital currency, it's worthless
the Ponzi scheme in history, the Dutch tulip, when it was the most expensive, a tulip was worth buying a house. When no one bought it, all the tulips rotted. In addition, they couldn't get a potato. Therefore, Buffett said that digital money is a bubble, which is a hoax.
in addition, there is a saying in the stock market that when all the ladies in the vegetable market begin to discuss the stock market, it is the time when the stock market reaches its peak. In my opinion, this also applies to digital currency. When many people are discussing how to make money and how to make a lot of money, the risk has accumulated to a great extent. Most of the time, when the stock begins to fall, many people are still in the previous inertial thinking, thinking that it will rebound soon, and then it will get lower and lower, and they are more reluctant to sell it. This is why many people hold a high position on it
I'm not sure whether it is the highest point of digital currency, but I think that digital currency, which can be issued by anyone, has no purchase value and can only be sold to others. I think it's a fraud.
없 없 44256;
1. Balance of payments
when a country's external current account balance is in surplus, the supply of foreign exchange (currency) is greater than the demand in the foreign exchange market, so the domestic currency exchange rate rises and the foreign currency exchange rate falls; On the other hand, when a country's international expenditure is greater than its income, it will have a balance of payments deficit. In the foreign exchange market, it means that the supply of foreign exchange (currency) is less than the demand, so the exchange rate of domestic currency decreases and that of foreign currency increases
(2) the difference of inflation ratewhen a country experiences inflation, the cost of its goods will increase, and the price of export goods in foreign currency will inevitably rise, which will weaken the competitiveness of the goods in the international market, rece exports, and improve the competitiveness of foreign goods in the domestic market, resulting in an increase in imports, thus changing the current account balance
In addition, the difference of inflation rate will affect the income and expenditure of capital and financial account by influencing people's expectation of exchange rate. On the contrary, countries with low relative inflation rate tend to appreciate their currency exchange rate 3. Interest rate difference When the interest rate of a country is higher than that of other countries, it means that the cost of using domestic money is rising, and the domestic money supply in the foreign exchange market is relatively reced; On the other hand, it also indicates that the income from abandoning the use of funds will rise, international short-term capital will be more profitable, and the supply of foreign exchange in the foreign exchange market will increase relativelythe changes in the supply and demand of domestic and foreign currency funds lead to the rise of domestic currency exchange rate. On the contrary, when the interest rate of a country is lower than that of other countries, the change of the supply and demand of domestic and foreign currency funds in the foreign exchange market will rece the exchange rate of domestic currency
4. Fiscal and monetary policies Generally speaking, the huge fiscal deficit and inflation caused by expansionary fiscal and monetary policies will make the domestic currency depreciate; Tightening fiscal and monetary policies will rece fiscal expenditure, stabilize currency and make domestic currency appreciate 5. Exchange rate expectation. The psychological expectation of exchange rate is increasingly becoming one of the important factors affecting the short-term exchange rate changes, but psychological factors can only proce and work under certain market conditions 6. Foreign exchange speculative powerif speculators expect a certain currency to appreciate, they will buy a large amount of that currency, resulting in the rise of the exchange rate of that currency; On the contrary, if speculators expect a certain currency to depreciate, they will sell a large amount of that currency, resulting in an immediate drop in the exchange rate of that currency. Speculation is an important force in the short-term fluctuation of foreign exchange market
7, government's market intervention
8, economic growth rate
Generally speaking, the high economic growth rate is not concive to the domestic currency market in the foreign exchange market in the short term, but in the long run, it strongly supports the strong momentum of the domestic currency 9. Macroeconomic policythe impact of macroeconomic policies on exchange rate is mainly reflected in the loose and tight combination of fiscal and monetary policies
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extended data
fluctuation
fluctuation form
1, legal appreciation and legal depreciation of exchange rate
< P > 2, indivial exchange rate change and general exchange rate change3, real exchange rate change and market exchange rate change
4 The people's Bank of China authorized China foreign exchange trading center to announce that on October 28, 2012, the central parity rate of RMB exchange rate in the inter-bank foreign exchange market was: 1 US dollar to RMB 6.2485 yuan, 1 euro to RMB 8.0818 yuan, 100 yen to RMB 7.8509 yuan, 1 Hong Kong dollar to RMB 0.8062 yuan
1 pound to RMB 10.055, 1 Australian dollar to RMB 6.4784, 1 Canadian dollar to RMB 6.2629, 1 RMB to rm0.4840 and 1 RMB to ruble 5.0085
source:
network exchange rate