外匯基本面分析 - 由央行如何通過外匯干預影響貨幣市場

外匯基本面分析 – 由央行如何通過外匯干預影響貨幣市場

外國 外匯市場的干預已持續了一段時間了, 雖然 沒有規則,央行與符合尚; 然而, 這個 外匯干預可以通過各種方法使用, 每一個 不同級別的效率.

干預的類型

–              單邊行動的形式 (中央 只有行動) 或協調行動 (一起行動幾家央行).

–              沖銷式干預: 什麼時候 貨幣干預是沖銷, 央行通過中和的影響 添加或從排水其國內貨幣市場儲備. 當。。。的時候 干預是不是無菌的, 央行允許所有這些行動的 增加或減少流動性供給.

–              一些國家的央行可能會隱藏自己 股份通過使用替代品來購買或出售本國貨幣. 通過這種方式, you can hide your shares and let the market guess.

–              The central bank can look for the shock effect by being visible in its monetary intervention. This can cause the central bank to surprise the market and enter via an electronic platform, which is indicated in the services used. This often provokes a strong reaction in the market, but the more often it is used, the less impact it has.

–              Countries with managed money regimes have become a factor of intervention. In this case, the central bank uses funds from currency interventions to adjust its foreign exchange reserve basket in order to maintain the ratio of dollars to other currencies. Central banks often use this tactic to prevent their currency from appreciating, although it can work both ways.

Government intervention

政府 干預匯市也可以顯著影響某些市場 時. 政府有能力和, 在某些情況下,, 該 主權義務,影響價格. 他們的行動可以通過進行 通過調節作用或直接投資或默許. 這種干預可能會導致 價格暴漲, 導致市場動態變化.

貨幣干預定義

在速度 一種貨幣轉換為另一是之間的匯率 在貨幣問題. 這以這樣的方式外匯干預的影響 那; 如果該國的出口大於進口, 對當地貨幣的需求 外匯市場將增加. 當該值超過的點 支持, the country’s central bank intervenes in the market to sell local currency, thus increasing the country’s foreign exchange reserves. The sale of local currency on the market leads to an increase in the money supply in the country, causing inflation.

Exchange rate intervention

The exchange rate of a currency is known from the exchange rate intervention. Banks that operate in a financial center and trade currencies, market exchange rate. As with any commodity or stock market, the rates on the foreign exchange intervention are determined by the interaction of the forces of demand and supply of commodities traded in foreign currencies.

Central bank definition

Central banks (national bank) are a unique bank that exists in every country to monitor the economy and protect the national currency. 基本上, they manage large sums of money because they manage all state accounts and each commercial bank is required to deposit a certain amount with the national bank.

Now, what are its influences on exchange rate?

How central bank influence exchange rate

The most powerful weapon of the central banks in terms of foreign exchange interventions is the right to change the basic rates in the country. Any adjustment of base rates affects the foreign exchange market immediately; therefore, this has an impact on the exchange rate interventions. This is why all market traders closely monitor all movements and declarations of the central banks. Some of these banks tend to intervene directly in the foreign exchange market, while others prefer to avoid implementing such measures.

Central banks remain an important government agency that has the power to change the direction of the market or to pay large sums of money to defend its currency. Therefore, the more predictable a central bank buying and selling rate is in its interventions, the lower the impact each time it is used. This is usually refers to the law of diminishing returns as the market becomes accustomed and adjusts its strategies accordingly. The initial reaction to a surprise intervention tends to have the greatest impact. Traders also want to know if the central bank is acting at lower or higher levels or is aggressive to continue buying or selling at higher or lower levels.

Some central banks tend to make a direct impact in the foreign exchange interventions, while others prefer to avoid implementing such measures. Opinions differ as to the advantages and disadvantages of such interventions by national banks, but these interventions take place all the time and have a major impact on the market.

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