1, the foreign exchange rate rose.

For example, N years ago, the quoted price of US dollars was: 280 yuan RMB for 100 US dollars, but now it is: 680 yuan RMB for 100 US dollars, that is to say, the exchange rate of US dollars against RMB rises, or the exchange rate of RMB against US dollars rises, while the exchange rate of RMB against US dollars falls, or RMB depreciates.

The exchange rate of foreign exchange has declined.

For example, at some time the year before last, the US dollar quotation was: 830 yuan RMB for 100 US dollars, but now it is: 680 yuan RMB for 100 US dollars, that is, the exchange rate of the US dollar against the RMB has fallen, or the US dollar has depreciated. Relatively speaking, the exchange rate of RMB against the US dollar has risen, or the RMB has appreciated.

The reasons of exchange rate fluctuation are very complicated, just like the fluctuation of stock price, there are market factors and non-market factors.

At present, the United States very much hopes that the RMB will appreciate and the dollar will depreciate. It is advantageous for China to import more goods from the United States, because the RMB is more valuable. At the same time, it is also unfavorable for China to export goods to the United States, because the depreciation of the dollar makes Americans need to spend more dollars when buying the same goods from China. Another terrible thing is that China bought a lot of US Treasury bonds before. As long as the dollar depreciates, China's wealth will shrink, even if it depreciates by a dime, the loss will be huge.

Study hard and wish you success in Tsinghua, Peking University! Finance major is good.

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