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What does the RMB exchange rate mean?
"Foreign exchange quotation", that is, the foreign exchange quotation of designated foreign exchange banks, is the buying and selling price between various foreign currencies and RMB set by banks according to the middle price of RMB market published by the People's Bank of China and the international foreign exchange market (referring to the same foreign exchange quotation of the head office and branches as the head office). This price is unchanged on the same day, but it may change on different days.