The People's Bank of China authorized China Foreign Exchange Trading Center to announce that on July 24th, 20 15, the central parity of RMB exchange rate in the inter-bank foreign exchange market was USD 1 RMB 6. 1 69, EUR1RMB 6.7525, and JPY10. Hk 1 RMB 0.789 17, GBP 1 RMB 9.5 165, AUD 1 RMB 4.5072, NZD 1 RMB 4.0552 and SGD/kloc. Rmb 1 yuan to 0.6 1406 ringgit, RMB 1 yuan to 9.3496 Russian rubles.
Currency foreign exchange rate is the price of domestic currency expressed in another country's currency, and its level is ultimately determined by the foreign exchange market. Foreign exchange transactions are generally concentrated in financial institutions such as commercial banks. The purpose of buying and selling foreign exchange is to pursue profits. The way is to buy cheap and sell expensive, and earn the bid-ask difference. The exchange rate at which they buy foreign exchange is the buying exchange rate, also known as the buying price. The exchange rate of selling foreign exchange is called selling exchange rate, also known as selling price.
Exchange rate refers to the exchange rate between two currencies, and can also be regarded as the value of one country's currency against another's currency. Exchange rate is also a financial means for a country to achieve its political goals. The exchange rate will change because of interest rates, inflation, national politics and national economies. The exchange rate is determined by the foreign exchange market. The foreign exchange market is open to different types of buyers and sellers, and extensive and continuous currency transactions (foreign exchange transactions) are conducted 24 hours a day except weekends. In the short term, the exchange rate of a country (or region) is determined by the demand and supply of foreign currency in that country (or region). Foreigners buying their own goods, investing in their own country and investing in their own currency will all affect the demand for their own currency. Domestic residents want to buy foreign products, invest in foreign countries and speculate in foreign exchange, which affects their money supply.