Where did "the benchmark exchange rate of RMB against the US dollar was 756.9 1 on August 24th, 2007 and 698.36 18, 2008" come from? The correct statement should be that on August 24, 2007, the benchmark exchange rate of the US dollar against the RMB was 756.95438+0.

If the value becomes smaller, it means that the dollar has depreciated and the RMB has appreciated. As for the pricing method of "RMB/100 foreign currency", it is the unit of exchange rate, which refers to how much RMB the foreign currency of 100 unit can be converted into, rather than RMB against foreign currency.

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