For example:
A bottle of mineral water costs $65438 +0, and RMB: $65438 +0*6.9823 =6.9823.
A barrel of instant noodles from 5 yuan costs USD: 5 * 0.1432 USD = 0.716 USD.
There are two kinds of dollars: paper money and coins. Paper money includes: 1 USD, 2 USD, 5 USD,1USD, 20 USD, 50 USD and 100 USD, which are equivalent to RMB 6.9823, 13.9646 and 34.938+0/kloc-0 respectively.
There are 1 cent, 5 cents,1cent, 25 cents and half a dollar in circulation in the United States, which are equivalent to RMB 0.069823, 0.349 1 15, 0.69823, 1.74575 respectively.
Extended data:
Advantages and disadvantages of RMB depreciation
1. If the local currency depreciates, the purchasing power of foreign currency will be strong, so that a certain amount of foreign currency can buy more domestic products, which means that domestic products are relatively cheap in the international market, thus increasing exports.
If the local currency depreciates, the price of foreign goods will be expensive, so domestic imports will inevitably decrease. Therefore, the result of RMB depreciation is to expand exports, curb imports, increase trade surplus and promote economic development.
3. The depreciation of local currency will cause trade friction, which is extremely unfavorable to the national economic stability.
4. Devaluation will not solve the problem of slowing external demand. Although depreciation will help export enterprises survive by reducing costs, it is difficult to last. Especially for industries that have lost competitiveness in China, depreciation will only delay the withdrawal of industries.
Baidu Encyclopedia-USD
Baidu encyclopedia-RMB exchange rate