1 100 million yen is about 5,559,756.2603 RMB. Currency foreign exchange rate, abbreviated as FXRate, is the abbreviation of English "foreign exchange rate". The price of foreign currency is expressed in domestic currency, and its level is ultimately determined by the foreign exchange market. Foreign exchange transactions are generally concentrated in financial institutions such as commercial banks. The purpose of buying and selling foreign exchange is to pursue profits. The way is to buy cheap and sell expensive, and earn the bid-ask difference. The exchange rate at which they buy foreign exchange is the buying exchange rate, also known as the buying price. The exchange rate of selling foreign exchange is called selling exchange rate, also known as selling price. In direct quotation, the buying exchange rate is the amount of local currency paid by the bank to buy one unit of foreign exchange, and the selling exchange rate is the amount of local currency charged by the bank to sell one unit of foreign exchange. The intermediate exchange rate is the middle price of the buying exchange rate and the selling exchange rate, that is, (buying exchange rate ten selling exchange rate) 1/2= intermediate exchange rate, which is applicable to foreign exchange trading between banks, meaning that there is no profit in foreign exchange trading between banks. The concept of foreign exchange has a double meaning, that is, there are dynamic and static points. The dynamic concept of foreign exchange refers to a specialized business activity of converting one country's currency into another country's currency to pay off international creditor's rights and debts. It's short for foreign exchange. The static concept of foreign exchange refers to the means of payment expressed in foreign currency that can be used for international settlement. This means of payment includes credit instruments and securities expressed in foreign currency, such as bank deposits, commercial bills, bank drafts, bank checks, foreign government treasury bills and their long-term and short-term securities. The International Monetary Fund explained: "Foreign exchange is the creditor's rights held by the monetary management authorities (central bank, monetary management institutions, foreign exchange stabilization fund and the Ministry of Finance) in the form of bank deposits, Treasury bills and long short-term government bonds. Can be used when there is a deficit in the balance of payments. " According to the Regulations on Foreign Exchange Management promulgated by China in June 1997, foreign exchange refers to the following means of payment and assets expressed in foreign currency that can be used for international settlement:

foreign exchange rate

(1) Foreign currencies, including banknotes and coins;

(2) Foreign currency payment vouchers, including bills, bank deposit vouchers, corporate bonds, stocks, etc. ; (3) Foreign currency securities, including government bonds, corporate bonds and stocks;

(4) Special Drawing Rights, European Monetary Unit (Euro);

5] Other foreign exchange assets.

What people usually call foreign exchange is generally in its static sense. It is a foreign currency or a means of payment expressed in foreign currency, which can be used for international settlement. Exchange rate, also known as exchange rate, refers to the price expressed by one country's currency in another country's currency, or the price comparison between two currencies. In the foreign exchange market, the exchange rate is displayed in five digits, such as: euro EUR0.9705, yen JPY 1 19.95, pound GBP 1.5237, Swiss franc CHF 1.5003. The minimum change unit of the exchange rate is one point, that is, the last one. For example, EUR0.000 1, JPY0.0 1, GBP0.000 1, CHF0.000 1. According to international practice, three English letters are usually used to indicate the name of currency, and the English after the above Chinese name is the English code of currency.

The exchange rate is also called "foreign exchange market or exchange rate". The ratio of one country's currency to another is the price of another currency expressed in one currency. Because of the different names and values of currencies in the world, one country's currency should set an exchange rate for other countries' currencies, that is, the exchange rate.

Exchange rate is the most important adjusting lever in international trade. Because the cost of goods produced by a country is calculated according to its currency, the cost of goods must be related to the exchange rate in order to compete in the international market. The exchange rate will directly affect the cost and price of the commodity in the international market and the international competitiveness of the commodity.