Under the direct pricing method, the domestic currency converted into a certain unit of foreign currency increases, indicating the exchange rate of the domestic currency.

Under the direct pricing method, if the amount of domestic currency converted into a certain unit of foreign currency is greater than the previous period, it means that the value of the foreign currency has increased or the value of the local currency has decreased, which is called an increase in the foreign exchange rate.

Response time: 2021-10-14. For the latest business changes, please refer to the official website of Ping An Bank.

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