Is the exchange rate of RMB for foreign exchange at home the same as that of people for foreign exchange abroad?
It is the same! It calculates the foreign exchange receivable currency of several units in the domestic currency of a unit (such as 1 unit). In the international foreign exchange market, euros, pounds. Australian dollar, etc. Are indirect pricing methods. For example, the exchange rate of the euro against the US dollar is 0.9705, that is, 1 euro against 0.9705 US dollars. In indirect pricing method, the amount in local currency is constant, and the amount in foreign currency changes with the change of the value in local currency. If a certain amount of local currency can be converted into less foreign currency than the previous period, it means that the value of foreign currency rises and the value of local currency falls, that is, the foreign exchange rate falls; On the other hand, if a certain amount of local currency can be converted into more foreign currency than in the previous period, it means that the value of foreign currency declines and the value of local currency rises, that is, the foreign exchange rate rises, that is, the foreign exchange value is inversely proportional to the rise and fall of the exchange rate. Therefore, indirect pricing method is the opposite of direct quotation.