As Britain is the earliest industrialized country in the world and once dominated the international financial industry, the pound is the most widely used currency in international settlement business. After World War I and World War II, Britain's economic status has been declining, but due to historical reasons, Britain's financial industry is still very developed, and the pound still occupies a very high position in the settlement of foreign exchange transactions. The British pound bears the heads of donors and members of the royal family.
What's the RMB exchange rate?
The exchange rate of RMB represents the external value of RMB. These Measures are formulated and adjusted by the State Administration of Foreign Exchange according to the principle of independence, independence and unification, with reference to the relative price level at home and abroad and the exchange rate fluctuation in the international financial market, and are published at home and abroad every day. As the exchange rate for settlement of all foreign exchange receipts and payments, it is the official exchange rate, and there is no market exchange rate. Its pricing method adopts the international general direct pricing method, that is, fixed unit foreign currency (such as 100, 10000, 10000, 10000, etc.). ) converted into a certain amount of RMB to express the exchange rate of RMB against foreign currency.
The amount of foreign currency in a fixed unit depends on the value of each foreign currency. Except that the exchange rate of RMB against Belgian franc and Italian lira is 10000( 10000), and the exchange rate against Japanese yen is 100000( 10000), the exchange standards for other foreign currencies are all1000 ().