The exchange rate of local currency to foreign currency refers to how much local currency a foreign currency can be converted into or how much foreign currency a unit local currency can be converted into? What is the exchange rate system of RMB against the US dollar? The exchange rate of local currency to foreign currency refers to how much local currency a foreign currency is converted into.

The exchange rate system of RMB against the US dollar is the real-time exchange rate of working hours on the same day, and the buying price is 6.6928 RMB pair 1 US dollar, which is used for enterprises to settle foreign exchange in banks. The foreign exchange settlement of enterprises in banks is based on the purchase price of 6.6928 RMB pairs 1 USD; The cash settlement of foreign exchange by an enterprise to a bank shall be based on the cash purchase price of 6.695438+0 yuan RMB 1 USD.