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Is the rise of RMB against the US dollar RMB depreciation or appreciation?
The rise in the exchange rate of RMB against the US dollar refers to the appreciation of RMB against the US dollar.

The exchange rate of RMB is usually expressed in USD /CNY. This pricing method adopts direct quotation, which represents how much USD 65,438+0 is equal to RMB. Therefore, the value of the exchange rate increases, indicating that USD appreciates against RMB, while the value decreases, indicating that USD depreciates against RMB.

However, if the exchange rate of RMB against the US dollar has risen, it should be explained by the indirect pricing method that is not commonly used. The currency pair will become CNY/ USD, representing how many USD 1 RMB equals. At this time, the larger the value, the higher the RMB. Therefore, the rise of RMB exchange rate against the US dollar refers to the increase of CNY/ US dollar value, that is, the appreciation of RMB.

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