Under the current international financial order, the position of the US dollar as a settlement currency is still consolidated, while the RMB has made great progress in the international position, but there is still a big gap from the international settlement currency, so the change of exchange rate will be affected by external factors. The difference between offshore and onshore is the difference and fluctuation of exchange rate. This phenomenon is actually to facilitate the international circulation of RMB, but offshore RMB has no practical connection with us ordinary people.

As the name implies, onshore RMB is the RMB circulating in our domestic financial market, and overseas RMB is the offshore RMB, and the exchange rate between them is inversely proportional. Simply put, if the onshore RMB exchange rate goes up, the offshore RMB exchange rate will also go down accordingly, but there is usually a balance point in this ratio, thus avoiding the infinite expansion of the gap and ensuring the circulation or exchange rate of RMB in a relatively stable state.

From the value point of view, since RMB is the legal tender in China, it naturally has a broader domestic market space. However, as special administrative regions, China Mainland and Hongkong have relatively high RMB activity, but in the international financial market, the market space of RMB is still limited. In the international market, it is usually hoped that RMB will appreciate, so the exchange rate level will be relatively high.

In fact, whether onshore or offshore, today's RMB has increased in competitiveness and liquidity, but it is still affected by external factors due to the international financial order and environment. But as ordinary people, they are still concerned about the exchange rate of the onshore RMB. As for Haitao people, they will be more concerned about the exchange rate and appreciation prospect of offshore RMB, which is also the difference between them.