Recently, affected by the RMB exchange rate breaking 7%, the exchange rate issue has once again become the focus of market attention. But have you noticed? Exchange rate is not just exchange rate, it has a series of differences, such as onshore exchange rate, offshore exchange rate, foreign exchange rate, RMB exchange rate, etc. We should pay attention to it, otherwise it is easy to be called Mr. Nanguo.

Is the foreign exchange rate the same as the RMB exchange rate?

The exchange rate of foreign exchange is different from that of RMB, mainly because their goals are different. The foreign exchange rate (unless otherwise specified) usually refers to the exchange rate of the currency against the US dollar, while the same RMB exchange rate (unless otherwise specified) refers to the exchange rate of the RMB against the US dollar.

Therefore, the biggest difference between the two is that the foreign exchange rate is large, and the RMB exchange rate is small.

In fact, although both the foreign exchange rate and the RMB exchange rate have their own corresponding statements and calculation formulas, their fluctuations are also determined according to the actual supply and demand relationship.

When there are more buyers than sellers in a certain currency, buyers scramble to buy it, and the buyer's power is greater than the seller's, so the seller's exotic goods can live, and the price will inevitably rise. On the other hand, when sellers see poor sales and compete to sell a certain currency, the seller's power in the market has the upper hand and the exchange rate will inevitably fall.