1, RMB depreciation means that the value contained in or represented by the unit currency declines. Generally speaking, the purchasing power of RMB is weakened and worthless. After the devaluation of RMB, domestic prices rose, inflation, capital outflow, financial market instability, stock market and property market prices fell;

2. RMB depreciation is relative. Taking RMB against USD as an example, USD 65,438+000 can now be converted into RMB 648.8 (due to the real-time change of foreign exchange rate, this data is for reference only. The specific exchange rate is subject to the actual transaction price at the time of your transaction, and the currency conversion update time is 202 1-04-26 16:24). If the RMB depreciates, it will be 100 USD, and the convertible RMB will increase, which may be 650. The fluctuation of exchange rate is influenced by many factors, such as balance of payments, inflation rate and exchange rate policy. You can log in to Ping An Pocket Bank APP- Home-More-Cross-border Finance-Foreign Exchange Quotation to inquire about foreign exchange quotations.

Service tips:

1, RMB for foreign currency: see cash/spot exchange selling price;

2. Converting foreign currency into RMB: Look at the buying price of cash or cash.

3. The exchange rate inquiry is for reference only, and the final exchange rate is subject to the actual transaction exchange rate.

Reply time: 202 1-04-28. Please refer to the latest business changes announced by Ping An Bank in official website.

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