The foreign exchange market refers to the trading market where banks and other financial institutions and large multinational enterprises participate in various currency transactions. This market is closely related to the global economy and has a far-reaching impact on the global economy. So how long have you been concerned about foreign exchange? The RMB against the US dollar has now reached the integer mark close to 7.2, which cannot but attract our attention. When the foreign exchange rate rises, does the RMB depreciate? The rise of foreign exchange rate does not necessarily mean the depreciation of RMB. This is because the rise of exchange rate represents the appreciation of the former currency and the depreciation of the latter currency. Whether RMB appreciates or depreciates mainly depends on whether the exchange rate rise refers to foreign exchange or RMB. If it is foreign exchange, then the RMB naturally depreciates. If it is RMB, then the RMB is appreciated relative to foreign exchange. If we want to confirm this view, then we should dictate that the RMB exchange rate will rise and the RMB will depreciate. This is because the RMB exchange rate is quoted in foreign currency and the RMB is the follow-up price. For example, a unit of coke, 2 yuan is RMB. If its price rises to 3 yuan, the RMB exchange rate will obviously rise by 1 yuan, and the RMB will depreciate by 1 yuan. Therefore, in the foreign exchange market, we need to pay attention to its expression, and different expressions imply different results.