In the financial market, the exchange rate shows two forms, one is direct pricing, that is, how much foreign currency is converted into per unit, and the other is indirect pricing, that is, how much foreign currency is converted into per unit. Most countries in the world adopt direct quotation (including China), so unless otherwise specified, it refers to direct quotation.

The word exchange rate can be understood as price. In direct quotation (for example, China), when 1 USD =7.5 RMB becomes 1 USD =8 RMB, it is an increase in exchange rate (price), which obviously means RMB depreciation, in other words, a decrease in RMB price (exchange rate). Therefore, in direct quotation, the rise of foreign exchange rate means the decline of local currency exchange rate; A decline in the foreign exchange rate means an increase in the local currency exchange rate.

What you said is that the exchange rate of foreign exchange has fallen, the value of foreign currency has fallen, and the value of RMB has risen.

The rise of local currency exchange rate refers to the appreciation of local currency.