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Is the exchange rate of RMB against the US dollar rising or falling? Recently, the exchange rate of US dollar against RMB has risen.
From: Network Date: May 2022-11
Is the exchange rate of RMB against the US dollar high or low? I'm not entangled after reading it.
I don't quite understand what you mean by rise. If it means that the exchange rate of the RMB against the US dollar has become higher, then the RMB has depreciated. Because China adopts exchange rate pricing method instead of indirect pricing method, that is to say, it is in the form of how much RMB 1 US dollar can be converted into. For example, it used to be $65,438 +0 =6.7 yuan RMB, but later it became $65,438 +0 =6.8 yuan RMB, so the RMB depreciated. It is easy to understand that 6.7 yuan RMB can be exchanged for 1 USD, but now it needs 6.8 yuan RMB to be exchanged for 1 USD, which is obviously depreciated.
There has been no further depreciation in recent days, and the RMB has appreciated, but the magnitude is not large.
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Is the exchange rate of RMB against the US dollar rising or falling? : Compared with the US dollar, the RMB has been appreciating. Of course, the exchange rate of RMB against the US dollar has risen. Whether it is better to go up or down is a complicated problem. I can't say clearly. I can only say that the value of the US dollar is good for foreign trade enterprises. Because foreign trade is settled in foreign exchange, the more RMB that can be exchanged accordingly, the more money enterprises will make. Why is foreign trade so bad now? This is the most important reason, and it is also the reason why China has never adopted a floating exchange rate system before. For overseas students, of course, the more valuable the RMB, the better. For the national macro-economy, it cannot be simply said that it is better to appreciate or depreciate. This is a complicated problem, and many factors need to be considered.
Is the exchange rate of RMB against the US dollar rising or falling? Of course there is. It used to be 6.8, but now it's 6.57.
What do you mean by the rise of the dollar-the rise of the exchange rate? If the exchange rate of RMB against the US dollar rises, give a comprehensive answer. Foreign exchange is a means of payment expressed in foreign currency for international settlement. The International Monetary Fund ... explained the appreciation of foreign exchange (corresponding to the depreciation of RMB), that is, the exchange rate rose. Exchange rate is the link between domestic and foreign markets. ...
What does it mean for the dollar to rise against the RMB exchange rate? Is it the appreciation of the dollar or the appreciation of the renminbi? Please analyze it in detail. (It is best to reply before 23 o'clock)-:[Answer] The increase in the exchange rate of the US dollar against the RMB means that the same US dollar can be exchanged for more RMB, which means that the appreciation of the US dollar will devalue the corresponding RMB. Remember: when the exchange rate of a currency rises, its foreign currency appreciates, its foreign currency depreciates, it falls and its foreign currency depreciates.
What does it mean for the RMB to rise against the US dollar? -The rise in the exchange rate of RMB against the US dollar means the appreciation of RMB against the US dollar. It can also be said that RMB with the same face value is now converted into US dollars more than before. Foreign exchange is a means of payment expressed in foreign currency and used for international settlement. The definition of "foreign exchange" by the International Monetary Fund specifically refers to the use of silver by monetary management institutions. ...
Is the appreciation of RMB equal to the appreciation of RMB against the US dollar? No, the rise in the exchange rate of the RMB against the US dollar means that the RMB has depreciated. In the international foreign exchange market, most countries in the world, including China, currently adopt direct quotation. Under the direct quotation, if a unit's foreign currency conversion cost currency is more than the previous period, it means that the foreign currency value is rising or the local currency value is falling, which is called the foreign exchange rate rising; On the other hand, if you want to use less local currency than before, you can convert it into the same amount of foreign currency, that is to say, the decline of foreign currency value or the increase of local currency value is called the decline of foreign exchange rate, that is, the value of foreign currency is directly proportional to the rise and fall of exchange rate. Direct quotation has similar common sense in commodity trading. For example, the direct quotation of US dollars takes foreign exchange US dollars as the commodity, and the unit is 1, and the RMB as the currency remains unchanged. Yes, it has changed. The same is true for the sales of general commodities. 500 yuan buys a dress, 550 yuan sells it and earns 50 yuan. The commodity has not changed, but the currency has changed.
What does it mean that the exchange rate of RMB is rising against the US dollar? -:The rise of the RMB exchange rate against the US dollar, for example, the rise of the US dollar exchange rate against the RMB from 6.8 to 6.9, refers to the depreciation of the RMB against the US dollar; A decline in the exchange rate, such as the decline in the exchange rate of the US dollar against the RMB from 6.8 to 6.7, refers to the appreciation of the RMB against the US dollar. To some extent, exchange rate changes have a direct regulatory effect on a country's import and export trade. ...
Is the exchange rate of RMB against the US dollar rising or falling? I went to a summer camp in America a while ago and changed planes at Narita Airport in Tokyo. If I exchange US dollars in China, it's 6.85 RMB = 1 USD, but if I ask the bank to exchange US dollars into RMB, it's 1 USD = 6.83 RMB, that is to say, the bank earned a difference of two points. As for the yen, it seems that it has actually gone up in recent years. ...
What does it mean for the RMB to rise against the US dollar? How does the foreign currency exchange rate change with the appreciation of RMB? An increase in the exchange rate of RMB against the US dollar means that more RMB is exchanged for US dollars, that is, RMB appreciates and the US dollar depreciates. When the RMB appreciates, that is, less RMB is converted into foreign currency, the foreign exchange rate decreases. Because the cost of exchanging RMB increases, the exchange rate of RMB decreases.
When the exchange rate of RMB against the US dollar rises, will RMB appreciate or depreciate? RMB exchange rate rises, is it appreciation or depreciation? The exchange rate rises and the RMB depreciates.
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